This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Black Hills Energy Will Respond To Colorado ALJ's Initial Ruling Regarding Construction Of Replacement Generation

PUEBLO, Colo., Dec. 16, 2011 /PRNewswire/ -- Black Hills Corp. (NYSE:BKH) utility subsidiary Black Hills Energy – Colorado Electric announced plans today to respond to an administrative law judge's initial recommendation to the Colorado Public Utilities Commission to deny the utility's request for a certificate of public convenience and necessity. Black Hills Energy is seeking approval to construct an LMS100 natural-gas-fired turbine to replace its W.N. Clark facility being retired in compliance with the Colorado Clean Air – Clean Jobs Act, also known as House Bill 1365.

On March 14, 2011, Black Hills Energy filed an application for a CPCN to construct the 88 megawatt LMS100 natural-gas-fired turbine in accordance with the order issued by the Colorado PUC on Dec. 15, 2010. The Colorado PUC's order also approved the retirement of the company's coal-fired W.N. Clark facility and granted a "presumption of need" for 42 MW to replace the Clark capacity, which the utility has the right to own as granted by the Clean Air – Clean Jobs Act.

On Oct. 4, 2011, Black Hills Energy filed a settlement agreement reached with the Colorado Office of Consumer Counsel, Board of Water Works of Pueblo, Fountain Valley Authority, Noble Energy, Inc. and EnCana Oil & Gas, Inc. to construct and operate the LMS100 and own 42 MW of the turbine's output. The remaining 46 MW of capacity would be competitively sold to a third party, and a seven-year purchase power agreement would be executed whereby Black Hills Energy would use the sold capacity to serve its approximately 94,000 customers in southern Colorado. After seven years, Black Hills Energy would purchase the 46 MW and acquire full ownership of the turbine. A hearing on the settlement was held on Oct. 25, 2011.

If the Colorado PUC adopts the administrative law judge's recommended decision, the settlement would be rejected, and the utility's application would be denied. Black Hills Energy plans to file a response to the recommended decision in early January, consistent with the commission's rules and orders regarding taking exception to the recommended decision.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 17,630.13 +189.54 1.09%
S&P 500 2,093.55 +25.91 1.25%
NASDAQ 5,087.6730 +47.8970 0.95%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs