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RAPID CITY, S.D., Dec. 10, 2020 (GLOBE NEWSWIRE) -- Black Hills today
announced that it has no intent to participate in the CenterPoint Energy sale
process for its gas distribution assets in Arkansas and Oklahoma. Black Hills
performed a preliminary review of the assets offered for sale and concluded
the assets would not be strategic additions.

“While growth through acquisition has been a strength of Black Hills
historically, we are currently focused on driving growth through our organic
customer-oriented capital investment program,” said President and CEO Linn
Evans. “We have a strong $2.9 billion capital investment program from 2020
through 2024 and expect to add to that program given opportunities we are
exploring. We would only consider an acquisition if it is highly strategic,”
concluded Evans.

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 1.28 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 www.blackhillscorp.com.

Investor Relations
Jerome E. Nichols
605-721-1171
jerome.nichols@blackhillscorp.com

24-Hour Media Relations Line
888-242-3969


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