Black Hills Corporation's natural gas utility subsidiary in Nebraska has received approval from the Nebraska Public Service Commission for new rates under a unanimous settlement agreement. The new rates, effective January 1, 2026, will generate approximately $23.9 million in new annual revenues and migrate $18.5 million in annual rider revenue to base rates, resulting in a total annual base rate revenue increase of $42.4 million. The approval also renews a five-year System Safety and Integrity Rider and introduces new insurance and manufactured gas plant trackers, along with a weather normalization pilot program. The new rates are based on a return on equity of 9.85% and a capitalization structure of 50.5% equity and 49.5% debt. The funding and approval pertain solely to Black Hills Corporation.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Black Hills Corporation published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 9599618) on December 09, 2025, and is solely responsible for the information contained therein.
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