 Black Hills Electric Generation
Black Hills Electric Generation produces 983 MW of electricity in five states: California, Colorado, Idaho, Nevada and Wyoming. Nearly all of our non-regulated power is sold to electric utilities using long-term tolling agreements. These contracts generate consistent, predictable cash flows and a reliable earnings stream.
Power Generation
- In July 2008, Black Hills Corp. sold seven independent power production gas-fired plants with a total capacity of 974 megawatts for $840 million cash to Hastings Funds Management and to a subsidiary of JPMorgan Asset Management.
- We are not exiting this business. We will have
158 MW of capacity after the close of the asset sale.
- Our strategy utilizes long-term contracts in
western markets with load growth potential.
- Nearly all of our non-regulated power is under
long-term tolling contracts with electric utilities.
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