Wyoming Electric Utility Applications from Black Hills Corp.

RAPID CITY, SD, Feb. 15 2022 (GLOBE NEWSWIRE) — Black Hills Corp. (NYSE: BKH) today announced that its Wyoming electric utility subsidiary, Cheyenne Light, Fuel and Power Company, doing business as Black Hills Energy, has filed an application with the Wyoming public utility seeking approval for a Certificate of Public Convenience and Necessity to construct an estimated 260-mile transmission expansion project.

As proposed, the approximately $260 million transmission expansion project, known as Ready Wyoming, would provide customers with long-term price stability and greater flexibility as markets grow. electricity are growing in western states. If approved, the project will interconnect Black Hills Energy’s power transmission systems in South Dakota, eastern Wyoming and Cheyenne.

“We are excited about this opportunity to deliver long-term benefits to our customers while enhancing shareholder value,” said Linn Evans, CEO and Chairman of Black Hills Corp. “Ready Wyoming will allow us to meet the energy needs of our customers today. and into the future, while improving the resilience of our electricity system and expanding access to electricity markets and renewable energy resources.

The Ready Wyoming expansion project includes one new substation, two replacement substations, four expanded substations, three new 230 kilovolt transmission lines and two new 115 kilovolt transmission lines. If approved, the construction of the project would take place in several phases or segments stretching from 2023 to 2025.

Black Hills Corp.
Black Hills Corp. (NYSE: BKH) is a customer-focused, growth-oriented utility company with a tradition of improving lives through energy and a vision to be the energy partner of choice. Based in Rapid City, South Dakota, the company serves 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.blackhillsenergy.com.

Investor Relations
Jerome E. Nichols
[email protected]

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Caution Regarding Forward-Looking Statements
This press release contains “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 by the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, included in this press release that address activities, events or developments that we anticipate, believe or anticipate will or may occur in the future are forward-looking statements, including the miles and cost of the transmission expansion project. These forward-looking statements are based on assumptions that we believe are reasonable based on current expectations and projections regarding future events and industry conditions and trends affecting our business. However, whether actual results and developments will conform to our expectations and forecasts is subject to a number of risks and uncertainties which, among other things, could cause actual results to differ materially from those contained in forward-looking statements, the risk factors described in Item 1A of Part I of our 2021 Annual Report on Form 10-K filed with the SEC, and other reports we file from time to time with the SEC .

New factors that could cause actual results to differ materially from those described in the forward-looking statements emerge from time to time, and it is impossible for us to predict all of these factors, or the extent to which any such factor or combination of factors may cause actual results to differ from those contained in the forward-looking statements. We undertake no obligation to publicly update these forward-looking statements, whether as a result of new information, future events or otherwise.

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