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December 10, 2012
18:59 EDTBKHBlack Hill subsidiary's natural gas rates approved
Black Hills/Colorado Gas Utility Company, d/b/a Black Hills Energy, a subsidiary of Black Hills Corp. (BKH), on Dec. 5 received a recommended decision from a Colorado Public Utilities administrative law judge approving a settlement that will implement a less than 1% increase in rates at its Colorado natural gas utility. Rates are effective Dec. 10 as ordered by the administrative law judge. The administrative law judge approved a $174,000, or approximately 0.83% increase in annual natural gas revenues. The judge also approved a 9.6% return on equity and a capital structure of 50% equity and 50% debt. The last base rate increase for Black Hills/Colorado Gas Utility Company customers was effective April 1, 2009.
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