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Article: Black Hills' Energy Cost Adjustment Approved By South Dakota Public Utilities Commission
- Article from:
- Targeted News Service
- Article date:
- March 2, 2009
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The Black Hills Corp. issued the following news release:
Black Hills Corp. (NYSE: BKH) utility subsidiary Black Hills Power announced that the South Dakota Public Utilities Commission approved its proposed Energy Cost Adjustment rate increase. The new rate, effective March 1, 2009, will impact the electric utility's South Dakota customers.
The impact to the average residential customer is an increase of about $1.68 per month or about $20.00 a year. According to the cost-sharing formula approved by the SDPUC, Black Hills Power absorbs the first $2 million in increased costs and both South Dakota customers and Black Hills Power share in absorbing costs above that amount. The increase helps ...