Diversified energy company: Black Hills Corporation (BKH) of Montenegro

Black Hills Corporation (NYSE: BKH), founded in 1941, headquartered in Lapid City, South Dakota, with 3011 full-time employees, is a diversified energy company. Its four major businesses are power generation, oil and gas, coal mining and energy marketing.

The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/bkh.html

Black Hills Corporation (BKH)

Black Hills Corp. is a diversified energy company, mainly operating two business groups in the United States: public utilities and unregulated energy. The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/bkh.html

Public utility groups include companies' public utilities subject to laws and regulations power And natural gas businesses, while unregulated energy groups operate oil, natural gas, power generation businesses and coal Mining and other businesses. The regulated power utilities mainly provide power generation, transmission and distribution services to customers in South Dakota, Wyoming, Colorado, Montana and other states, and operate Cheyenne Light, which combines power and natural gas utilities. The regulated natural gas public affairs sector provides natural gas public services for customers in Colorado, Nebraska, Iowa, Kansas and other states. The oil and gas sector is mainly engaged in the exploration, development and production of crude oil and natural gas in the Rocky Mountains. Coal started its business mainly in Gillette, near the Wyoming Company. The power generation business is mainly generated by the company's power plants, and the generation capacity and power sales are carried out through long-term contracts. The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/bkh.html

Black Hills Corp. is divided into four departments to operate: Electric Utilities, Gas Utilities, Power Generation and Mining. The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/bkh.html

• Electric Utilities – generate, transmit and distribute power for about 214000 power customers in Colorado, Montana, South Dakota and Wyoming, and provide power system construction services for large industrial customers. The division has 939 megawatts of generating capacity and 8900 miles of transmission and distribution lines.
• Gas Utilities – distribute gas to approximately 1066000 gas utility customers in Arkansas, Colorado, Iowa, Kansas, Nebraska and Wyoming. The department also provides equipment maintenance services for resident customers through company technicians and third-party service providers; Build and maintain gas infrastructure for gas transportation customers. The Department owns and operates approximately 4775 miles of intrastate gas pipelines; 41210 miles of natural gas distribution trunk lines and service pipelines; 7 natural gas storage stations; About 49000 horsepower compression and 500 miles of assembly line.
• Power Generation – power generation through wind, natural gas and coal-fired power plants; And mainly sell power and energy to public utilities according to long-term contracts.
• Mining - coal production in the coal mine near Gillette, Wyoming; And sell coal to power generation facilities.

Black Hills Corporation (BKH) History Encyclopedia

• The history of Montenegro can be traced back to the Black Hills Electric Light Company of Deadwood, which was founded in 1883. Later, in 1905, it merged with the Belt Light and Power Company to establish Consolidated Power and Light Company of South Dakota;
• In 1910, Dakota Power Company began to supply power for Rapid City;
• Consolidated Power and Light Company of South Dakota merged with Dakota Power Company in 1920;
• In 1941, General Public Utilities, Inc. and Dakota Power Company merged to form Black Hills Power&Light Company, the predecessor of Black Hills Corporation;
• In 1956, Black Hills completed the acquisition of Wyodak Coal Company (now Wyodak Resources Development Corporation) from Hometake Mining Company;
• In 2004, Black Hills Xcel Energy Acquisition of Cheyenne Light, which continues to operate as an independent branch;
• In 2007, Montenegro announced that it agreed to acquire Aquila, Inc.'s natural gas facilities in Colorado, Kansas, Nebraska and Iowa, as well as its power facilities in Colorado. The acquisition increased Black Hills' customers from 137000 to 753000, and the number of employees from 916 to 2000.
• In July 2015, Black Hills announced that it would acquire SourceGas at a price of US $1.89 billion. The deal covers about 425000 customers in Arkansas, Colorado, Nebraska and Wyoming, as well as a 512 mile regulated intrastate gas transmission pipeline in Colorado.
• At the end of 2016, Montenegro announced that it planned to invest $700 million to build a 1 million square foot drilling and pipeline production plant in Norfolk, Nebraska. The facility is expected to employ 400 people. Montenegro said that it would go from Nucor Corporation 500000 tons of steel will be used.
• In March 2018, Montenegro received and rejected the US $1.1 billion acquisition offer offered by the San Isabel Electric Association of Colorado; The company responded to this proposal by publishing a full page newspaper advertisement in Pueblo Chieftain.

Black Hills Corporation (BKH) US equity investment

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