Columbia Pipeline Q4 Profit Down - Quick Facts

(RTTNews) - Columbia Pipeline Partners LP (CPPL), a NiSource Inc. (NI) company, reported Predecessor fourth quarter of 2014 results.

CPPL is a newly formed master limited partnership that owns a 15.7 percent limited partner interest in CPG OpCo LP, which owns substantially all of the natural gas transmission, storage and midstream assets of NiSource's Columbia Pipeline Group or the "Predecessor" reportable segment.

The company noted that the financial results presented herein represent the financial results of CPPL's Predecessor. The results are for periods prior to the initial public offering of CPPL, which closed on February 11, 2015.

The Predecessor reported net income of $64.4 million for the fourth-quarter ended December 31, 2014, compared with net income of $71.7 million for the prior year period.

Total Operating Revenues were $340.4 million compared to $321.8 million in the prior year.

Operating revenues, excluding the impact of trackers, increased by $17.9 million primarily due to higher demand margin revenue as a result of growth projects placed into service and new firm contracts.