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Black Hills Corp. Announces Approval in Arkansas for Purchase of SourceGas

Mon 18th January, 2016 12:16pm
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 Approval represents significant milestone in SourceGas acquisition 
 
 RAPID CITY, S.D. - Jan. 18, 2016 - Black Hills Corp. (NYSE: BKH) utility
subsidiary Black Hills Utility Holdings, Inc. today announced that on Jan. 15,
2016, it received approval from the Arkansas Public Service Commission to
purchase SourceGas Holdings LLC. Black Hills and SourceGas filed the joint
application on Aug. 10, 2015, with the Arkansas commission. 
 
 "Today's announcement represents a significant milestone in our acquisition
of SourceGas, and reaffirms our strategy that acquiring SourceGas will benefit
both our shareholders and our customers," said Linn Evans, president and chief
operating officer of Black Hills Corp. "As Arkansas is a new region for Black
Hills, we look forward to serving and developing new relationships with these
customers." 
 
 SourceGas is a natural gas utility company serving approximately 425,000
customers in Arkansas, Colorado, Nebraska and Wyoming. Black Hills expects to
close the acquisition in the first quarter of 2016. 
 
 Black Hills Corporation 
 Black Hills Corp. (NYSE: BKH) is a growth-oriented, vertically-integrated
energy company with a tradition of improving life with energy and a vision to
be the energy partner of choice. Based in Rapid City, S.D., the company serves
792,000 natural gas and electric utility customers in Colorado, Iowa, Kansas,
Montana, Nebraska, South Dakota and Wyoming. The company also generates
wholesale electricity and produces natural gas, oil and coal. Black Hills
Corp.'s more than 2,000 employees form partnerships and produce positive
results for our customers, communities and shareholders. 
 
 Investor Relations Contact 
 Jerome E. Nichols 
 605-721-1171 
 jerome.nichols@blackhillscorp.com 
 
 24-Hour Media Assistance 
 866-243-9002 
 
 Caution Regarding Forward-Looking Statements 
 This news release includes "forward-looking statements" 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 the
benefits for customers and shareholders. 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, including the factors discussed above, the risk factors described
in Item 1A of Part I of our 2014 Annual Report on Form 10-K, as amended by
Form 10-K/A filed on August 7, 2015, Item 1A of Part II of our Quarterly
Report on Form 10-Q for the quarter ended September 30, 2015, and other
reports that we file with the SEC from time to time. 
 
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 This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf
of NASDAQ OMX Corporate Solutions clients. 
 The issuer of this announcement warrants that they are solely responsible for
the content, accuracy and originality of the information contained therein. 
 Source: Black Hills Corporation via Globenewswire 
 HUG#1979310
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