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BKH - Black Hills News Story

$69.55 2.0  2.9%

Last Trade - 21/06/21

Sector
Utilities
Size
Large Cap
Market Cap £3.14bn
Enterprise Value £6.33bn
Revenue £1.29bn
Position in Universe 1560th / 6942

ONE Future Welcomes Black Hills Corporation

Thu 29th April, 2021 9:15pm
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RAPID CITY, S.D., April 29, 2021 (GLOBE NEWSWIRE) -- Our Nation’s Energy
Future (ONE Future) today announced that Black Hills Corp. (operating its
utilities under Black Hills Energy) has joined the Coalition. Black Hills
Energy serves over 1.3 million electric and natural gas utility customers in
more than 800 communities in Arkansas, Colorado, Iowa, Kansas, Montana,
Nebraska, South Dakota, and Wyoming.

“Black Hills Energy has shown true commitment to providing safe, reliable
and affordable energy in an environmentally friendly manner,” said Richard
Hyde, Executive Director, ONE Future. “With this commitment in mind, I look
forward to the valuable contributions that I know Black Hills Energy will
offer the Coalition.”

The ONE Future Coalition is a group of natural gas companies working together
to voluntarily reduce methane emissions across the Natural Gas value chain to
1% (or less) by 2025 and is comprised of some of the largest natural gas
production, gathering and boosting, processing, transmission & storage and
distribution companies in the U.S. and represents more than 15% of the U.S.
natural gas value chain. As a ONE Future member, Black Hills Energy will
report its 2020 methane results within the distribution sector and hold a seat
on the board of directors.

“Social responsibility and sustainability are inherent to our company’s
mission and vision,” said Linn Evans, president and chief operating officer
of Black Hills Corporation. “With this focus on safety and reliability, we
felt membership with ONE Future was not just logical, but imperative, and we
look forward to the positive impact it will have on our efforts.”

Through the efforts of coalition members, ONE Future has surpassed its one
percent goal in each of the three years that it has reported its methane
intensity. The 2019 Methane Intensity Report
(https://www.globenewswire.com/Tracker?data=rCA5DKMd7o7zo1CWmCRJQ-fIg9wmXE4AAnkBXlhP1cljYyjxDeJrXQMFYi461OQO-qDzGpOV-JpL8lUQl4WUEVQsyif7RW76phaEaoPbZ8JPI9IGFsmsVl6wn8XxWrdUvyCUO4cyAoEZct7jrQpIyLpPJ1SPaJKdgZbu3zX1Yts=),
released in November 2020, registered a 2019 methane intensity number of
0.334% beating its one percent goal by 67%. This means that methane emissions
by coalition members across the natural gas value chain consisted of only
about one-third of one percent of all natural gas produced and delivered,
demonstrating that the natural gas industry can minimize methane emissions and
increase production and throughput while supplying much needed energy to the
U.S. and around the globe for years to come.

About Black Hills Corp.
Black Hills Corp. is a customer focused, growth-oriented utility company with
a tradition of exemplary service and a vision to be the energy partner of
choice. Based in Rapid City, South Dakota, the company serves over 1.3 million
electric and natural gas utility customers in more than 800 communities in
Arkansas, Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota, and
Wyoming. Employees partner to produce results that improve life with energy.
For more information, please visit: www.blackhillscorp.com.

About ONE Future
ONE Future was formed when seven companies came together in 2014 with a focus
to collectively achieve a science-based average rate of methane emissions
across our facilities equivalent to one percent (or less) of total natural gas
production. Since our formation, we have grown to more than 40 companies
accounting for some of the largest natural gas producers, transmission, and
distribution companies in the U.S. ONE Future members operate in 13 out of the
38 production basins and other segments of the value chain operate in multiple
regions of the country, hence ONE Future’s data represent a geographically
diverse and material share of the U.S. natural gas supply chain. Its members
include Antero Resources, Apache, Ascent Resources, Atmos Energy, Berkshire
Hathaway Pipeline Group, BKV Corporation, Black Hills Corporation, Blue Racer
Midstream, Boardwalk Pipeline Partners, LP, Caerus Oil & Gas, Crestone Peak
Resources, Crestwood, Consolidated Edison, Inc., Dominion Energy, DTE Energy,
Duke Energy, EagleClaw Midstream, Enbridge, Encino, Equitrans Midstream, Hess,
Jonah Energy, Kinder Morgan, National Grid, New Jersey Natural Gas, Northeast
Natural Energy, NW Natural, ONE Gas, ONEOK, Sempra Energy, Southern Company
Gas, Southern Star, Southwestern Energy, Spire Energy, Summit Utilities, TC
Energy, Tug Hill Operating, UGI, Western Midstream, Williams, Woodland
Midstream and Xcel Energy. For more information visit www.onefuture.us.

Media Contact ONE Future: 
Beverly Jernigan
713-494-1733
beverly@beverlypr.com

Media Contact Black Hills Corp.:
Stephanie Dowling
Media Relations: 888-242-3969 
Desk: 605-399-5060
stephanie.dowling@blackhillscorp.com

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



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