Columbia Gas and its parent company NiSource expect to pay about $1.3 billion for damages related to a series of natural gas explosions that destroyed parts of three Massachusetts towns in September. The company said that those costs don’t include expenses related to restoration efforts, such as replacing pipeline and modernizing its infrastructure to prevent a similar event from happening in the future. According to the Associated Press, the NiSource’s latest financial reports show the company allocated $757 million to third-party claims filed against the utility, including property damage. The utility incurred an additional $266 million for other expenses related ... Read More
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