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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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March 2, 2015
19:12 EDTBKHBlack Hills subsidiary receives regulatory approval to increase revenues
Black Hills Corp. utility subsidiary Black Hills Power received approval from the South Dakota Public Utilities Commission of a settlement agreement that allows the company to increase its electric revenues in South Dakota. The agreement between Black Hills Power and PUC Commission staff completes proceedings in the rate request Black Hills filed with the PUC in March 2014, and permits the utility to increase electric rates for its 65,500 customers in South Dakota on April 1. The new rates will generate an estimated $6.89M in additional annual revenue. The settlement does not stipulate return on equity and capital structure.

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