RAPID CITY, S.D. - Nov. 4, 2016 - Black Hills Corp. (NYSE: BKH) today announced that Black Hills Energy, its electric utility subsidiary serving southern Colorado, closed on the purchase of the $109 million, 60-megawatt Peak View Wind Project. Commercial operations will begin on Monday, Nov. 7, 2016, nearly two months earlier than originally planned.
"The Peak View Wind Project will help provide customers with a cost-effective solution toward fulfillment of Colorado's renewable energy requirement that 30 percent of customers' electricity usage comes from renewable resources by 2020," said Linn Evans, president and chief operating officer of Black Hills Corp. "We are proud to serve our southern Colorado customers with safe, reliable energy fueled entirely by natural gas, wind and solar," continued Evans.
The Peak View Wind Project, located about 40 miles south of Pueblo, Colorado, was constructed by Invenergy Wind Development Colorado, LLC, under a 2015 build-transfer agreement executed with Black Hills Energy through a competitive solicitation process. Black Hills Energy will recover its investment through customer billing adjustment clauses for the first 10 years of operation.
Investor Relations: Jerome E. Nichols 605-721-1171 jerome.nichols@blackhillscorp.com
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Black Hills Energy Black Hills Energy is part of Black Hills Corp. (NYSE: BKH). Black Hills Energy is a natural gas and electric utility serving 1.2 million customers in eight states: Arkansas, Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota and Wyoming. More information is available at www.blackhillsenergy.com
Black Hills Corporation Black Hills Corp. (NYSE: BKH) is a customer-focused, growth-oriented utility company with a tradition of improving life with energy and a vision to be the energy partner of choice. Based in Rapid City, South Dakota, the company serves 1.2 million natural gas and electric utility customers in eight states: Arkansas, Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota and Wyoming. The company also generates wholesale electricity and produces natural gas, oil and coal. More information is available at www.blackhillscorp.com .
About Invenergy Invenergy and its affiliated companies develop, own, and operate large-scale renewable and other clean energy generation and storage facilities in the Americas, and Europe. Invenergy is committed to continued innovation in clean power solutions. Invenergy's home office is located in Chicago and it has regional development offices in the United States, Canada, Mexico, Japan, and Europe.
Invenergy and its affiliated companies have developed more than 9,100 MW of projects that are in operation, in construction, or under contract, including 76 wind, solar, and natural gas-fueled power generation projects and energy storage facilities. For more information, please visit www.invenergyllc.com .
