Black Hills Corp. Gas Utility Receives Approval for New Rates in Kansas

Core Points - Black Hills Corp.'s natural gas utility subsidiary in Kansas received approval for new rates from the Kansas Corporation Commission, allowing recovery of approximately $118 million in system investments since the last rate filing in 2021 [1][2] - The approved settlement will generate approximately $10.8 million in new annual revenues and migrate about $4.4 million in annual rider revenue to base rates, resulting in a total annual base rate revenue increase of $15.2 million, effective August 1, 2025 [2][3] - The settlement allows the continued use of the Gas System Reliability Surcharge (GSRS) for safety-focused pipeline replacements and includes a new insurance tracker with deferred accounting treatment [3] Company Overview - Black Hills Corp. is a growth-oriented utility company based in Rapid City, South Dakota, serving 1.35 million natural gas and electric utility customers across eight states: Arkansas, Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota, and Wyoming [4]