Black Hills Files for Rate Review in Colorado

MT Newswires Live06-13

Black Hills' (BKH) Colorado electric utility has filed a rate review application with the Colorado Public Utilities Commission seeking to recover the capital infrastructure and operational costs needed to deliver safe, reliable electricity to over 102,000 customers in Southern Colorado, the company said late Friday.

The company is seeking $26.7 million in new annual revenue to recover about $184 million of critical investments since its last rate review, including additions in 2024, it said.

The request is based on a capital structure of 51.02% equity and 48.98% debt, as well as a return on equity of 10.5%. The company aims to implement new rates in Q1 2027, it added.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment