Black Hills Corp. Gas Utility Receives Approval for New Rates in Kansas
Black Hills Corp. (NYSE: BKH) has received approval from the Kansas Corporation Commission for new utility rates for its natural gas subsidiary. The approved settlement will generate $10.8 million in new annual revenues and transfer $4.4 million in annual rider revenue to base rates, totaling a $15.2 million annual base rate revenue increase.
The new rates, effective August 1, 2025, will support system investments of approximately $118 million made since 2021. The settlement allows continued use of the Gas System Reliability Surcharge for pipeline replacement and includes approval for a new insurance tracker with deferred accounting treatment. The company serves 120,000 customers in Kansas and can file an abbreviated case later for capital placed in service through December 31, 2025.
Black Hills Corp. (NYSE: BKH) ha ottenuto l'approvazione dalla Kansas Corporation Commission per le nuove tariffe di servizio della sua controllata nel settore del gas naturale. L'accordo approvato generer脿 10,8 milioni di dollari di nuovi ricavi annuali e trasferir脿 4,4 milioni di dollari di ricavi annuali da rider alle tariffe base, per un totale di un aumento di 15,2 milioni di dollari annui nelle tariffe base.
Le nuove tariffe, efficaci dal 1掳 agosto 2025, sosterranno investimenti nel sistema per circa 118 milioni di dollari effettuati dal 2021. L'accordo consente l'uso continuativo del Gas System Reliability Surcharge per la sostituzione delle condotte e include l'approvazione di un nuovo meccanismo di monitoraggio assicurativo con trattamento contabile differito. L'azienda serve 120.000 clienti in Kansas e potr脿 presentare un caso abbreviato successivamente per il capitale messo in servizio fino al 31 dicembre 2025.
Black Hills Corp. (NYSE: BKH) ha recibido la aprobaci贸n de la Comisi贸n de Corporaciones de Kansas para nuevas tarifas de servicios p煤blicos para su subsidiaria de gas natural. El acuerdo aprobado generar谩 10,8 millones de d贸lares en nuevos ingresos anuales y transferir谩 4,4 millones de d贸lares en ingresos anuales de recargos a tarifas base, totalizando un incremento de 15,2 millones de d贸lares anuales en ingresos por tarifas base.
Las nuevas tarifas, vigentes a partir del 1 de agosto de 2025, respaldar谩n inversiones en el sistema por aproximadamente 118 millones de d贸lares realizadas desde 2021. El acuerdo permite el uso continuo del recargo por confiabilidad del sistema de gas para el reemplazo de tuber铆as e incluye la aprobaci贸n de un nuevo mecanismo de seguimiento de seguros con tratamiento contable diferido. La compa帽铆a atiende a 120,000 clientes en Kansas y podr谩 presentar un caso abreviado posteriormente para el capital puesto en servicio hasta el 31 de diciembre de 2025.
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Black Hills Corp. (NYSE : BKH) a obtenu l'approbation de la Kansas Corporation Commission pour de nouveaux tarifs de services publics pour sa filiale de gaz naturel. Le r猫glement approuv茅 g茅n茅rera 10,8 millions de dollars de nouveaux revenus annuels et transf茅rera 4,4 millions de dollars de revenus annuels issus des suppl茅ments vers les tarifs de base, totalisant une augmentation annuelle de 15,2 millions de dollars des revenus des tarifs de base.
Les nouveaux tarifs, effectifs 脿 partir du 1er ao没t 2025, soutiendront des investissements dans le syst猫me d'environ 118 millions de dollars r茅alis茅s depuis 2021. Le r猫glement permet la poursuite de l'utilisation du suppl茅ment de fiabilit茅 du syst猫me de gaz pour le remplacement des pipelines et inclut l'approbation d'un nouveau m茅canisme de suivi des assurances avec un traitement comptable diff茅r茅. La soci茅t茅 dessert 120 000 clients au Kansas et pourra d茅poser ult茅rieurement un dossier abr茅g茅 pour les investissements mis en service jusqu'au 31 d茅cembre 2025.
Black Hills Corp. (NYSE: BKH) hat von der Kansas Corporation Commission die Genehmigung f眉r neue Versorgungsgeb眉hren f眉r seine Tochtergesellschaft im Bereich Erdgas erhalten. Die genehmigte Einigung wird 10,8 Millionen US-Dollar an neuen j盲hrlichen Einnahmen generieren und 4,4 Millionen US-Dollar an j盲hrlichen Zusatzgeb眉hren in Grundtarife umwandeln, was eine Gesamterh枚hung der j盲hrlichen Grundtarifeinnahmen um 15,2 Millionen US-Dollar ergibt.
Die neuen Tarife, die ab dem 1. August 2025 gelten, unterst眉tzen Systeminvestitionen von etwa 118 Millionen US-Dollar, die seit 2021 get盲tigt wurden. Die Einigung erlaubt die fortgesetzte Nutzung des Gas System Reliability Surcharge f眉r den Rohrleitungsaustausch und beinhaltet die Genehmigung eines neuen Versicherungstrackers mit aufgeschobener Buchf眉hrung. Das Unternehmen bedient 120.000 Kunden in Kansas und kann sp盲ter einen verk眉rzten Antrag f眉r bis zum 31. Dezember 2025 in Betrieb genommenes Kapital einreichen.
- Approval secured for $15.2 million total annual base rate revenue increase
- Recovery of $118 million in system investments since 2021
- Continuation of Gas System Reliability Surcharge (GSRS) for pipeline replacement
- Approval for new insurance tracker with deferred accounting
- Option to file abbreviated case for additional capital through Dec 31, 2025
- Rate increase may impact customer utility bills
Insights
Kansas approves $10.8M new annual revenue for Black Hills, supporting infrastructure investment recovery and regulatory stability.
Black Hills Corp has secured regulatory approval for a rate case in Kansas that represents a meaningful win for the utility. The Kansas Corporation Commission has unanimously approved a settlement that will generate
This rate case approval is particularly significant as it allows recovery of approximately
- Continued authorization of the Gas System Reliability Surcharge (GSRS) mechanism, which funds accelerated safety-focused pipeline replacements with more predictable cost recovery
- Approval of a new insurance tracker with deferred accounting treatment, which helps mitigate financial volatility from insurance cost fluctuations
- Permission to file an abbreviated case later for capital investments through December 2025, streamlining future regulatory processes
The approved settlement demonstrates constructive regulatory relations in Kansas, where Black Hills serves 120,000 customers. The unanimous nature of the settlement suggests stakeholder alignment between the utility, regulators, and consumer advocates. With new rates effective August 1, 2025, this approval provides enhanced revenue visibility and regulatory certainty that supports the company's ability to attract capital for ongoing infrastructure investments.
RAPID CITY, S.D., July 24, 2025 (GLOBE NEWSWIRE) -- Black Hills Corp. (NYSE: BKH) today announced that its natural gas utility subsidiary in Kansas received approval from the Kansas Corporation Commission of a unanimous settlement agreement for new rates. The new rates will provide recovery of approximately
鈥淭his approval will support our ability to safely and reliably serve our customers and communities in Kansas,鈥� said Linn Evans, president and CEO of Black Hills Corp. 鈥淲e take great pride in our responsibility to deliver the dependable natural gas service our 120,000 Kansas customers depend upon every day.鈥�
The approved black box settlement agreement will generate approximately
The approved settlement allows the company to continue using the Gas System Reliability Surcharge (GSRS) to fund accelerated, safety-focused pipeline replacement across the state and included approval of a new insurance tracker with deferred accounting treatment. The settlement also includes approval for the company to file an abbreviated case at a later date that includes the addition of capital placed in service through Dec. 31, 2025.
Black Hills Corp.
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 1.35 million natural gas and electric utility customers in eight states: Arkansas, Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota and Wyoming. More information is available at .听
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Caution Regarding Forward-Looking Statements
This news release includes 鈥渇orward-looking statements鈥� as defined by the Securities and Exchange Commission, or SEC. We make these forward-looking statements in reliance on the safe harbor protections provided under the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, included in this news release that address activities, events or developments that we expect, believe or anticipate will or may occur in the future are forward-looking statements, including anticipated revenues from the new rate increase. These forward-looking statements are based on assumptions which we believe are reasonable based on current expectations and projections about future events and industry conditions and trends affecting our business. However, whether actual results and developments will conform to our expectations and predictions is subject to a number of risks and uncertainties that, among other things, could cause actual results to differ materially from those contained in the forward-looking statements, the risk factors described in Item 1A of Part I of our 2024 Annual Report on Form 10-K filed with the SEC, and other reports that we file with the SEC from time to time.
New factors that could cause actual results to differ materially from those described in forward-looking statements emerge from time-to-time, and it is not possible for us to predict all such factors, or the extent to which any such factor or combination of factors may cause actual results to differ from those contained in any forward-looking statement. We assume no obligation to update publicly any such forward-looking statements, whether as a result of new information, future events or otherwise.
FAQ
How much will Black Hills Corp's (BKH) new Kansas rate increase generate in annual revenue?
When will BKH's new Kansas gas utility rates take effect?
How many customers does Black Hills Corp serve in Kansas?
What system investments will the new BKH rates cover in Kansas?
What additional approvals did Black Hills Corp receive in the Kansas rate settlement?
