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Investor favourite NiSource faces questions after Massachusetts explosions

Firstpost Saturday, 15 September 2018
By Ross Kerber BOSTON (Reuters) - Before gas explosions in Massachusetts sent its shares reeling on Friday, utility NiSource Inc was considered a secure play and its top investor was loading up on shares as part of a push into what it called "the safest, most defensive sector in the S&P 500." All that changed in the aftermath of Thursday's gas explosions across three suburbs north of Boston that left at least one person dead, injured at least a dozen more, and drove thousands from their homes. The area is served by the Columbia Gas of Massachusetts unit of NiSource, whose shares were down 11.5 percent at $24.84 on Friday afternoon.
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Credit: Newsy Studio - Published < > Embed
News video: Massachusetts Explosions Leave One Man Dead, Dozens Injured

▶ Massachusetts Explosions Leave One Man Dead, Dozens Injured 00:51

An 18-year-old died when an explosion blew part of a chimney off a house and onto his car.

Recent related videos from verified sources

Web Extra: Warren Grills Columbia Gas, NiSource Presidents On 'Personal Responsibilty' In Explosions [Video]Web Extra: Warren Grills Columbia Gas, NiSource Presidents On 'Personal Responsibilty' In Explosions 06:40

Sen. Elizabeth Warren asked Steve Bryant of Columbia Gas and Joe Hamrock of NiSource what they've done since the gas explosions, including cutting their own pay and firing anyone responsible.

Credit: WBZ CBS Boston - Published

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