NORTHERN INDIANA PUBLIC SVC <NI> AGAIN OMITS DIV
Northern Indiana Public Service
Company said it again omitted its quarterly common stock
dividend which would have been payable in May.
    NIPSCO said it has not paid a qtly dividend since December
1985 following an adverse decision by the Indiana Supreme Court
denying amortization of about 191 mln dlrs NIPSCO invested in
its Bailly N-1 project.
 Reuter
