Black Hills Corp. Natural Gas Intrastate Pipeline Company Receives Approval For New Rates In Colorado To Recover $110M Of Investments Since 2017 In Its 600-Mile Pipeline System
Portfolio Pulse from Benzinga Newsdesk
Black Hills Corp. (NYSE:BKH) has received approval from the Colorado Public Utility Commission for new rates to recover approximately $110 million of investments since 2017 in its 600-mile pipeline system. The approved settlement agreement will generate approximately $8.2 million of new annual revenues.
July 18, 2023 | 8:22 pm
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Black Hills Corp. has received approval for new rates to recover its investments in its pipeline system, which will generate new annual revenues.
The approval for new rates will allow Black Hills Corp. to recover its significant investments in its pipeline system. This is likely to improve the company's financial position and generate new annual revenues, which could positively impact the company's stock price in the short term.
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