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.