NiSource remains a "Buy" despite recent underperformance, with shares down 14% since July amid concerns about the summer storm response and data center growth. Storm-related costs are manageable, with potential EPS impact of just $0.02–$0.03, and NI expected to maintain strong regulatory relationships. NI's data center growth pipeline remains robust, with 4 GW contracted and another 3 GW advancing, though political pushback may slow incremental expansion.