Discontinued Operations And Assets And Liabilities Held For Sale

3 Months Ended

Mar. 31, 2014

Discontinued Operations And Assets And Liabilities Held For Sale [Abstract]

Discontinued Operations And Assets And Liabilities Held For Sale

Discontinued Operations and Assets and Liabilities Held for Sale

On September 1, 2013, NiSource sold the commercial and industrial natural gas portfolio of its unregulated natural gas marketing business. The sale included the physical contracts and associated financial hedges that comprise the portfolio, as well as the gas inventory and customer deposits of the business. The sale resulted in an after tax loss of $1.5 million which was recorded during the third quarter of 2013.

During 2012, NiSource began marketing to sell the service plan and leasing business lines of its Retail Services business. The sale of the business lines closed in January 2013 resulting in gain from the disposition of discontinued operations of $36.4 million, net of taxes, which was recorded during the first quarter of 2013.

There were no assets and liabilities of discontinued operations and held for sale on the Condensed Consolidated Balance Sheets (unaudited) at March 31, 2014 and December 31, 2013.

Results from discontinued operations are provided in the following table. These results are primarily from a settlement at NiSource's former exploration and production subsidiary, CER, NiSource's Retail Services business, and NiSource's unregulated natural gas marketing business.

	Three Months Ended March 31,
(in millions)	2014			2013
Revenues from Discontinued Operations	$	—		$	16.2
(Loss) Income from discontinued operations	(0.3		)	13.2
Income tax (benefit) expense	(0.1		)	5.1
(Loss) Income from Discontinued Operations - net of taxes	$	(0.2	)	$	8.1
Gain on Disposition of Discontinued Operations - net of taxes	$	—		$	36.4