Black Hills Corp. gets Arkansas rate approval worth $17.9M annually

Black Hills Corp. (NYSE: BKH) announced that its natural gas utility subsidiary in Arkansas received approval from the Arkansas Public Service Commission for new rates, effective Oct. 12, 2026.

The new rates are expected to generate approximately $17.9 million in new annual revenues and allow recovery of approximately $147 million in system investments made since the utility's last general rate filing in 2023.

The approved rates are based on a return on equity of 9.8% and a capitalization structure of 47.5% equity and 52.5% debt.

The rate change affects more than 189,000 customers across over 100 communities in Arkansas.

Linn Evans, president and CEO of Black Hills Corp., said the approval "supports our ability to deliver on our commitment to serve our Arkansas customers with the safe and reliable natural gas service they depend on."

Based in Rapid City, South Dakota, Black Hills Corp. serves 1.37 million natural gas and electric utility customers across eight states.

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