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Black Hills Corp. Electric Utility Receives Approval for New Rates in Colorado
RAPID CITY, S.D., March 24, 2025 (GLOBE NEWSWIRE) -- Black Hills Corp. (NYSE: BKH) today announced that its electric utility subsidiary in Colorado received approval from the Colorado Public Utilities Commission for new rates. The approved new rates will provide recovery of approximately $370 million of system investments since the utility’s last general rate filing in 2016 and inflationary impacts on costs to serve customers. The approved new rates provide approximately $17.0 million of new ann
About this update from Black Hills Corporation
[{"type":"image","alt":"Black Hills Service Company, LLC","displaySize":"","headline":null,"caption":"Black Hills Service Company, LLC","className":"","disableSlideshowImg":false,"size":{"original":{"width":190,"height":115,"url":"https://media.zenfs.com/en/globenewswire.com/fbb10a3ed0d18336449a703cfe81f0ea"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/MzslLEDubj7fMRmn2aFl4w--/YXBwaWQ9aGlnaGxhbmRlcjt3PTM2MDtoPTIxODtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/fbb10a3ed0d18336449a703cfe81f0ea","width":190,"height":115}},"lazy":false},{"type":"text","content":"RAPID CITY, S.D., March 24, 2025 (GLOBE NEWSWIRE) -- Black Hills Corp. (NYSE: BKH) today announced that its electric utility subsidiary in Colorado received approval from the Colorado Public Utilities Commission for new rates. The approved new rates will provide recovery of approximately $370 million of system investments since the utility’s last general rate filing in 2016 and inflationary impacts on costs to serve customers.","length":430,"tagName":"p"},{"type":"text","content":"The approved new rates provide approximately $17.0 million of new annual revenues based on a weighted average cost of capital of 6.90% with a capital structure in a range of 47% to 49% equity and 51% to 53% debt, and a return on equity in a range of 9.3% to 9.5%. The new rates were effective on March 22, 2025.","length":311,"tagName":"p"},{"type":"text","content":"As part of the regulatory process, the company has the opportunity to file a request for rehearing, reargument or reconsideration with the commission by April 7, 2025.","length":167,"tagName":"p"},{"type":"text","content":"Black Hills Corp.Black Hills Corp. (NYSE: BKH) is a customer-focused, growth-oriented utility company with a tradition of improving life with energy and a vision to be the energy partner of choice. Based in Rapid City, South Dakota, the company serves 1.35 million natural gas and electric utility customers in eight states: Arkansas, Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota and Wyoming. More information is available at www.blackhillscorp.com.","length":461,"tagName":"p"},{"type":"text","content":"Investor RelationsSal [email protected]","length":64,"tagName":"p"},{"type":"text","content":"24-Hour Media Relations Line888-242-3969","length":41,"tagName":"p"},{"type":"text","content":"Caution Re...