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Stock Market & Financial Investment News

News Breaks
July 31, 2014
17:23 EDTBKHBlack Hills utility subsidiary receives revenue increase approval
Black Hills Corp. utility subsidiary Cheyenne Light, Fuel & Power received approvals from the Wyoming Public Service Commission of settlement agreements allowing the company to increase electric and natural gas revenues. The new natural gas and electric rates will generate an estimated $9.2M per year in additional revenue, based on a return on equity of 9.9%, and a capital structure of approximately 54% equity and 46% debt.
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November 25, 2014
18:13 EDTBKHBlack Hills receives approval for acquisition of certain assets of MGTC
Black Hills (BKH) announced that the Wyoming Public Service Commission approved the acquisition of certain gas transmission and distribution utility assets of MGTC, wholly owned subsidiary of Anadarko Petroleum (APC). The transaction is expected to close by Jan. 1, 2015. Black Hills Corp. is acquiring the MGTC assets in northeastern Wyoming for approximately $6M.

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