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BKH - Black Hills News Story

$69.86 -0.6  -0.8%

Last Trade - 22/04/21

Sector
Utilities
Size
Large Cap
Market Cap £3.18bn
Enterprise Value £5.95bn
Revenue £1.22bn
Position in Universe 1506th / 6851

Black Hills Corp. Announces Clean Energy Goals

Thu 5th November, 2020 1:45pm
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RAPID CITY, S.D., Nov. 05, 2020 (GLOBE NEWSWIRE) -- Black Hills Corp. (NYSE:
BKH), conducting utility operations as Black Hills Energy, today announced
clean energy goals to reduce greenhouse gas (GHG) emissions intensity for its
electric operations of 40% by 2030 and 70% by 2040 and achieve GHG reductions
of 50% by 2035 for its natural gas utility operations.

The company’s goals are based on 2005 baseline levels of GHG emissions
intensity for its electric operations and its natural gas distribution system.
Since 2005, the company has reduced GHG emissions intensity from its natural
gas utility operations by more than 33% and achieved a 25% reduction from its
electric operations. The company’s Colorado electric utility has achieved an
approximate 50% reduction in GHG emissions since 2005 and is on track to reach
80% by 2030.

“Our mission of improving life with energy means we must be Ready to make
tomorrow even better than today,” said Linn Evans, president and CEO of
Black Hills Corp. “We remain committed to creating a cleaner energy future
that builds upon our responsibility to provide the safe, reliable and
affordable energy that improves our customers’ lives.”

“Throughout our history, we have been strong environmental stewards,”
continued Evans. “We’ve pioneered new power plant technology, set the bar
for emissions levels and constructed infrastructure ahead of current
standards. We do more than talk, and as we look to the future, we know sharing
our intentions for improving the climate will help us achieve our plans.”

“Our goals are ambitious, yet achievable,” continued Evans. “They are
based on methodical, prudent and proven solutions to reduce our emissions
while minimizing cost impacts to our customers. This keeps our customers at
the forefront of our decision-making, which is central to our values. Looking
forward, we will continue to embrace new technologies to further reduce
emissions and keep customer rates affordable.”

For more information about the company’s broader sustainability initiatives
and Environmental, Social and Governance disclosures, visit
www.blackhillsenergy.com/sustainability.

About Black Hills Energy’s Electric Utilities
Black Hills Energy operates regulated electric utilities in Colorado, South
Dakota, and Wyoming, serving nearly 215,000 customers. The company’s
electric utility in Colorado is the cleanest in the state, with an
all-renewable and natural gas generation fleet. Black Hills Energy’s
renewable energy portfolio continues to grow and support further greenhouse
gas emission reductions.

About Black Hills Energy’s Natural Gas Utilities
Black Hills Energy operates natural gas utilities serving over 1 million
customers in six states. The utilities operate a modern gas system, with no
cast iron pipe since 2014 with nearly 99% of infrastructure comprised of
materials with the lowest emissions factors. Investing in infrastructure
safety and the environment are a priority, with programmatic upgrades
continuing system wide. Black Hills Energy is committed to completing
replacement of all remaining unprotected pipe before 2035.

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 nearly 1.3 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

Caution Regarding Forward Looking Statement
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 our
ability to create a cleaner energy future, meet our greenhouse gas emission
reduction goals, continue to implement new technologies and keep customer
rates affordable. 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 2019 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.

(https://www.globenewswire.com/NewsRoom/AttachmentNg/56b34e64-17c6-4ecf-a4f6-b7848f82cfeb)



GlobeNewswire, Inc. 2020
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