Black Hills Corp. (BKH) Subsidiary Requests Revenue Increases for Electric and Natural Gas
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Black Hills Corp. (NYSE: BKH) utility subsidiary Cheyenne Light, Fuel & Power announced today that the utility filed requests for electric and natural gas revenue increases with the Public Service Commission of Wyoming. The requests will recover investments in infrastructure and other costs that will allow Cheyenne Light to continue to provide safe and reliable electric and natural gas service. The last base rate increase for Cheyenne Light electric and gas customers was effective Jan. 1, 2008. If approved by the PSC, the new rates could become effective as early as April 1, 2012.
In its requests, Cheyenne Light is seeking a $5.9 million, or approximately 5.9%, increase in annual electric revenues and a $2.6 million, or approximately 6.7%, increase in annual natural gas revenues. Cheyenne Light is requesting a 10.9% return on equity and a capital structure of 54% equity and 46% debt.
In its requests, Cheyenne Light is seeking a $5.9 million, or approximately 5.9%, increase in annual electric revenues and a $2.6 million, or approximately 6.7%, increase in annual natural gas revenues. Cheyenne Light is requesting a 10.9% return on equity and a capital structure of 54% equity and 46% debt.
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