Article: United States: Black Hills Corp. completes sale of seven independent power plants.

Byline: sanjayc03

Black Hills Corp. has completed the USD 840 million sale of seven independent power production gas-fired plants to affiliates of Hastings Funds Management and IIF BH Investment, a subsidiary of an investment entity advised by JPMorgan Asset Management.

The net proceeds from this IPP sale are expected to eliminate Black Hills need to issue equity to finance the pending acquisition of Aquila s electric utility in Colorado and four natural gas utilities in Colorado, Iowa, Kansas and Nebraska.

The IPP sale received ...

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