Black Hills Corporation

NYSE:BKH   3:59:54 PM EDT
65.37
+1.10 (+1.71%)
4:00:02 PM EDT: $65.56 +0.19 (+0.29%)
Debt Financing / Related, Earnings Announcements

Black Hills Corp. Kansas Gas Utility Reaches Settlement Agreement For Winter Storm Uri Cost Recovery Plan

Published: 11/09/2021 23:58 GMT
Black Hills Corporation (BKH) - .
Kansas Gas Utility Reaches Settlement Agreement for Winter Storm Uri Cost Recovery Plan.
Black Hills - Agreement Includes Recovery Over 5-year Period of $87.9 Million in Incremental Fuel Costs Incurred to Serve Extraordinary Demand During Uri.
Agreement Also Provides Black Hills a Carrying Cost Associated With Financing These Fuel Costs Over Recovery Period.
If Approved, Settlement Will Allow Recovery of $87.9 Million in Fuel Costs Beginning Feb.
1, 2022.
Settlement Agreement is Pending a Final Hearing and Approval by Kansas Corporation Commission.
Black Hills -agreement Also Allows Recovery of Carrying Costs Starting With Date That Storm Costs Were Incurred Until End of Five-year Recovery Period.
Revenue is expected to be $571.44 Million
Adjusted EPS is expected to be $1.29

Next Quarter Revenue Guidance is expected to be $584.22 Million
Next Quarter EPS Guidance is expected to be $1.57

More details on our Analysts Page.