Black Hills Corp. Recommends 400 MW of New Renewable Resources in Colorado
18 Avril 2024 - 2:30PM
Black Hills Corp. (NYSE: BKH) today announced that its subsidiary
Black Hills Colorado Electric, LLC, doing business as Black Hills
Energy, is recommending 400 megawatts (MW) of new renewable energy
resources to advance its 2030 Ready Clean Energy Plan.
In its 120-Day report filed with the Colorado Public Utilities
Commission, Black Hills Energy is proposing a preferred portfolio
of resources that will add 200 MW of utility-scale solar, 150 MW of
wind, and 50 MW of battery storage, supported by the company’s
existing dispatchable generation assets. Together, these resources
will achieve a reduction in greenhouse gas emissions of an
estimated 89% by 2030.
“Our plan to add new renewable energy resources in Colorado will
allow us to achieve our emissions reduction goals and prudently
advance the energy transition for our Colorado customers and
communities,” said Linn Evans, president and CEO of Black Hills
Corp. “In addition to our focus on reliable, safe and
cost-effective energy, we are successfully operating one of the
cleanest utilities in the state, with all renewable and natural gas
generation.”
During a competitive bidding process completed in late 2023, the
company received more than 100 bids for resources to come online in
2026 and 2027. The final composition of resources is subject to
review and approval by the Colorado commission, which is expected
by year-end.
Black Hills CorporationBlack Hills Corp. (NYSE:
BKH) is a customer focused, growth-oriented utility company with a
tradition of improving life with energy and a vision to be the
energy partner of choice. Based in Rapid City, South Dakota, the
company serves 1.34 million natural gas and electric utility
customers in eight states: Arkansas, Colorado, Iowa, Kansas,
Montana, Nebraska, South Dakota and Wyoming. More information is
available at www.blackhillscorp.com.
Investor RelationsJerome E.
Nichols605-721-1171jerome.nichols@blackhillscorp.com
24-Hour Media Relations Line888-242-3969
Caution Regarding Forward Looking
StatementThis news release includes “forward-looking
statements” as defined by the Securities and Exchange Commission,
or SEC. We make these forward-looking statements in reliance on the
safe harbor protections provided under the Private Securities
Litigation Reform Act of 1995. All statements, other than
statements of historical facts, included in this news release that
address activities, events or developments that we expect, believe
or anticipate will or may occur in the future are forward looking
statements, including the preferred mix of renewable resources and
the ability to gain approval for the plan. These forward-looking
statements are based on assumptions which we believe are reasonable
based on current expectations and projections about future events
and industry conditions and trends affecting our business. However,
whether actual results and developments will conform to our
expectations and predictions is subject to a number of risks and
uncertainties that, among other things, could cause actual results
to differ materially from those contained in the forward-looking
statements, the risk factors described in Item 1A of Part I of our
2023 Annual Report on Form 10-K filed with the SEC, and other
reports that we file with the SEC from time to time.
New factors that could cause actual results to differ materially
from those described in forward looking statements emerge from
time-to-time, and it is not possible for us to predict all such
factors, or the extent to which any such factor or combination of
factors may cause actual results to differ from those contained in
any forward-looking statement. We assume no obligation to update
publicly any such forward-looking statements, whether as a result
of new information, future events or otherwise.
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