Black Hills Corp. Electric Utility Receives Approval for New Rates in Colorado

Core Points - Black Hills Corp.'s electric utility subsidiary in Colorado received approval for new rates from the Colorado Public Utilities Commission, allowing recovery of approximately $370 million in system investments since the last general rate filing in 2016 [1][2] - The new rates are expected to generate approximately$17.0 million in new annual revenues, based on a weighted average cost of capital of 6.90% and a capital structure of 47% to 49% equity and 51% to 53% debt [2] - The new rates became effective on March 22, 2025, and the company has until April 7, 2025, to file a request for rehearing or reconsideration with the commission [2] Company Overview - Black Hills Corp. is a customer-focused, growth-oriented utility company based in Rapid City, South Dakota, serving 1.35 million natural gas and electric utility customers across eight states: Arkansas, Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota, and Wyoming [3]