RegulatoryJun 12, 2026, 04:17 PM
Black Hills Seeks $26.7M Annual Revenue Increase in Colorado Rate Review
AI Summary
Black Hills Corp.'s Colorado electric utility has filed a rate review application with the Colorado Public Utilities Commission, seeking $26.7 million in new annual revenue. This request aims to recover approximately $184 million in capital infrastructure and operational costs incurred since its last rate review, including 2024 additions to enhance reliability and strengthen the electric grid. The company proposes a capital structure of 51.02% equity and 48.98% debt, targeting a 10.5% return on equity, with new rates expected in Q1 2027.
Key Highlights
- Black Hills Colorado electric utility filed for $26.7 million in new annual revenue.
- Request covers $184 million in critical investments since last rate review.
- Investments improve reliability, strengthen grid, and extend generation infrastructure life.
- Proposed capital structure: 51.02% equity and 48.98% debt.
- Company seeks a return on equity of 10.5%.
- New rates are sought for implementation in the first quarter of 2027.
- Serves over 102,000 customers in Southern Colorado.
Price Impact
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