Iowa Regulators Approve Black Hills's (BKH) Purchase of Aquila's (ILA) Iowa Properties
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Black Hills Corporation (NYSE: BKH) and Aquila, Inc. (NYSE: ILA) announced that the Iowa Utilities Board (IUB) gave its approval to the proposed acquisition by Black Hills of Aquila natural gas utility assets and operations in the State of Iowa.
The IUB's approval came after the companies and the state's Office of the Consumer Advocate reached a settlement agreement. The agreement was filed with the commission on June 22, 2007 and was approved without conditions or modification. In addition to Iowa, Black Hills also has proposed acquiring the Aquila's electric assets in Colorado and its natural gas assets in Colorado, Kansas and Nebraska. Black Hills and Aquila have filed for regulatory approval in those states.
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