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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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December 19, 2014
16:36 EDTBKHBlack Hills Energy receives regulatory approval to increase revenues
Black Hills Corp. subsidiary Black Hills Energy received approval from the Colorado Public Utilities Commission for an estimated $3M per year in additional revenue, effective Jan. 1, 2015. The new rates provide a return on additional capital investments made in 2012 and 2013 totaling $54M by the utility to maintain and enhance its electrical service infrastructure since the last rate case, in 2012. Those investments include the 29-megawatt Busch Ranch Wind Farm south of Pueblo, in operation since October 2012. The new natural gas-fired turbine at the company's Pueblo Airport Generating Station will replace the coal-fired W.N. Clark power plant. The new turbine is expected to begin commercial operation in early 2017.
December 17, 2014
05:15 EDTBKHBlack Hills receives regulatory approval to increase prices
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