NORTHERN INDIANA PUBLIC SVC &lt;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.
  

