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.
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