FORM 8-A12B


SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549


FOR REGISTRATION OF CERTAIN CLASSES OF SECURITIES
PURSUANT TO SECTION 12(b) OR (g) OF THE
SECURITIES EXCHANGE ACT OF 1934


NIPSCO Industries, Inc.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)


Indiana
(STATE OF INCORPORATION OR ORGANIZATION)

35-1719974
(IRS EMPLOYER IDENTIFICATION NUMBER)


5265 Hohman Avenue
Hammond, Indiana 46320


SECURITIES TO BE REGISTERED PURSUANT TO SECTION 12(b) OF THE ACT:

TITLE OF EACH CLASS                   NAME OF EACH EXCHANGE ON WHICH
TO BE SO REGISTERED                   EACH CLASS IS TO BE REGISTERED  
  Common Shares, Without Par Value      Pacific Stock Exchange
  Preferred Share Purchase Rights       Pacific Stock Exchange


SECURITIES TO BE REGISTERED PURSUANT TO SECTION 12(g) OF THE ACT:

None
(TITLE OF CLASS)


ITEM 1.  DESCRIPTION OF REGISTRANT'S SECURITIES TO BE REGISTERED.

        The required information for registration of the Registrant's
Common Shares, without par value, is incorporated by reference to the
information set forth under the caption "Description of Holding Capital
Shares" in the Registrant's Registration Statement on Form S-4
(Registration No. 33-17778), filed on October 8, 1987 and amended on
October 30, 1987. 

       The required information for registration of the Registrant's
Preferred Share Purchase Rights is incorporated by reference to the
information set forth in Item 1 of the Registrant's Registration
Statement on Form 8-A filed on March 7, 1990.

ITEM 2. EXHIBITS.

None.

SIGNATURE

          Pursuant to the requirements of Section 12 of the Securities
Exchange Act of 1934, the Registrant has duly caused this registration
statement to be signed on its behalf by the undersigned thereto duly
authorized.


NIPSCO Industries, Inc.


By:    By: /s/ Stephen P. Adik
       Stephen P. Adik
       Executive Vice President, Chief Financial Officer, and Treasurer


Date:  August 3, 1994