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NiSource Interstate Pipelines Renew Long-Term Transportation and Storage Agreements With Washington Gas

Posted on: Thursday, 16 February 2006, 09:01 CST

FAIRFAX, Va., Feb. 16 /PRNewswire-FirstCall/ -- Columbia Gas Transmission Corp. and Columbia Gulf Transmission Co.-interstate natural gas pipeline units of NiSource Inc. today announced that Washington Gas Light Co. has extended its expiring firm transportation and storage agreements for terms of five years.

The NiSource pipelines are essential transportation and storage providers for Washington Gas. Extending its agreements with NiSource allows Washington Gas to retain full access to the firm transportation and storage capacity it uses in large part to serve more than one million residential, commercial, and industrial customers throughout metropolitan Washington D.C. and surrounding areas.

Washington Gas is the NiSource pipelines' largest non-affiliated customer, which continues to undergo considerable growth within its service territory. "We are pleased to be continuing our long-term relationship with Washington Gas," Christopher Helms, president of the NiSource Pipeline Group, said. "The agreement assures Washington Gas of reliable services while moving the NiSource pipelines toward our goal of achieving long-term sustainable growth."

About Columbia Gas Transmission and Columbia Gulf Transmission

Columbia Gas Transmission Corp. is an interstate pipeline company, operating a 12,750-mile network of natural gas pipelines in 10-mid-atlantic, northeastern and southern states serving 72 local gas distribution companies and hundreds of end-users with a full menu of pipeline transportation and storage services.

Columbia Gulf Transmission operates a 4,200-mile interstate pipeline system, transporting natural gas from production areas in the Gulf of Mexico and Gulf Coast to pipeline interconnects throughout the eastern United States.

NiSource Inc. , based in Merrillville, Ind., is a Fortune 500 company engaged in natural gas transmission, storage and distribution, as well as electric generation, transmission and distribution. NiSource operating companies deliver energy to 3.8 million customers located within the high demand energy corridor stretching from the Gulf Coast through the Midwest to New England. Information about NiSource and its subsidiaries is available via the Internet at http://www.nisource.com/.

Forward-Looking Statements

This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Those statements include statements regarding the intent, belief or current expectations of NiSource and its management. Although NiSource believes that its expectations are based on reasonable assumptions, it can give no assurance that its goals will be achieved. Readers are cautioned that the forward-looking statements in this presentation are not guarantees of future performance and involve a number of risks and uncertainties, and that actual results could differ materially from those indicated by such forward-looking statements. Important factors that could cause actual results to differ materially from those indicated by such forward-looking statements include, but are not limited to, the following: weather; fluctuations in supply and demand for energy commodities; growth opportunities for NiSource's businesses; increased competition in deregulated energy markets; the success of regulatory and commercial initiatives; dealings with third parties over whom NiSource has no control; the effectiveness of NiSource's outsourcing initiative; actual operating experience of NiSource assets; the regulatory process; regulatory and legislative changes; changes in general economic, capital and commodity market conditions; and counterparty credit risk.

First Call Analyst: FCMN Contact:

NiSource Inc.

CONTACT: Media: Kelly Merritt, Manager, Communications, +1-304-357-2283,or kmerritt@nisource.com; Investors: Dennis Senchak, Vice President, InvestorRelations, +1-219-647-6085, or senchak@nisource.com, and Randy Hulen,Director, Investor Relations, +1-219-647-5688, or rghulen@nisource.com, andRae Kozlowski, Manager, Investor Relations, +1-219-647-6083, orekozlowski@nisource.com, all of NiSource Inc.

Web site: http://www.nisource.com/

Source: PRNewswire-FirstCall

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