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Black Hills Corp. Confirms it is Not Participating in CenterPoint Energy Sale Process

Published: 2020-12-10 21:31:00 ET

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 CorporationBlack 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 RelationsJerome E. Nichols605-721-1171jerome.nichols@blackhillscorp.com

24-Hour Media Relations Line888-242-3969

Source: Black Hills Service Company, LLC

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All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.