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Stock Market & Financial Investment News

News Breaks
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.
News For BKH From The Last 14 Days
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October 14, 2014
16:39 EDTBKHBlack Hills acquires Gas Natural subsidiary for $17M
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16:07 EDTBKHGas Natural announces sale of Wyoming assets for $17M
Gas Natural (EGAS) announced that its subsidiary, Energy West Incorporated, has signed a definitive agreement for the sale of its subsidiary, Energy West Wyoming, Inc., as well its Wyoming pipeline assets and related real estate, equipment and contracts to Black Hills Corporation (BKH) for $17M. The closing is subject to customary closing conditions, as well as regulatory approvals. The Energy West Wyoming transaction also contains a working capital adjustment at closing and a post-closing working capital "true-up." As part of the agreement, Energy West Incorporated and Black Hills Corporation will enter into a Transition Services Agreement to insure a seamless transition for Energy West Wyoming, Inc.'s Wyoming customers. The transaction is expected to close in approximately six to twelve months. Energy West Incorporated intends to use the proceeds from this transaction to reinvest into the business to generate solid returns on its invested capital. Including the gain anticipated on this transaction, the redeployment of resources is expected to have a significant positive impact on the company's earnings in 2015 and beyond.

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