public traded as nyse bkh genre energy company founded 1941 founder j. b. french headquarters rapid city south dakota united states key people david r. emery chairman president ceo revenue us 1.31 b fy 2010 1 operating income us 186m fy 2010 1 net income us 68.7 m fy 2010 1 total assets us 3.71 b fy 2010 2 total equity us 1.10 b fy 2010 2 subsidiaries black hills power cheyenne light fuel & power black hills energy wyodak resource bh exploration and production enserco energy website blackhillscorp.com black hills corporation is a rapid city south dakota diversified energy company that is an electric and gas utility in south dakota and wyoming and sells power throughout the american west . it derives its name from its home in the black hills of south dakota . history edit the company traces its roots to 1883 and the organization of the black hills electric light company of deadwood . merged with the belt light and power company of lead in 1905 the company became consolidated power and light company of south dakota . meanwhile to the south the dakota power company began serving rapid city in 1910 . both of these companies were purchased by holding companies in the 1920s . with roosevelt era legislation to break up big national utility holding companies black hills power & light company was formed in 1941 by combining the assets of general public utilities inc. and dakota power company which provided power for most of western south dakota . 3 in 1956 the company completed its acquisition of the wyodak coal company now wyodak resources development corporation from the homestake mining company setting the stage for the company s significant investments in mining oil and gas . in july 2002 black hills corporation announced that a settlement was reached with the u.s. commodity futures trading commission cftc relating to its marketing subsidiary enserco energy inc. based in golden colorado enserco engages in natural gas marketing on the wholesale market and on behalf of independent producers . 4 on november 25 2002 black hills corporation announced that its new independent public accountants deloitte & touche llp had completed the audit of black hills corporation s 2001 2000 and 1999 financial statements that were originally audited by arthur andersen llp . 5 in 2004 black hills acquired cheyenne light from xcel energy . cheyenne light continues to operate as a separate subsidiary . 6 in 2007 it announced an agreement to buy the natural gas utility in colorado kansas nebraska and iowa and its colorado electric utility from aquila inc. . completed in july 2008 the deal increased the company s customer base from 137 000 to 753 000 and increased its employee base from 916 to 2 000 . 7 in july 2015 black hills announced it was purchasing sourcegas for 1.89 billion . the deal covers approximately 425 000 customers in arkansas colorado nebraska and wyoming and a 512 mile regulated intrastate natural gas transmission pipeline in colorado . 8 components edit the company is the electric utility for 64 200 customers between rapid city south dakota and new castle wyoming as well as southeastern montana via its black hills power subsidiary . 9 its cheyenne light fuel & power company subsidiary serves another 80 000 in cheyenne wyoming and southeastern wyoming . via its black hills energy component it has 1 000 megawatts of generating capacity in colorado nevada wyoming and california including two plants serving las vegas nevada . 10 the company s bigger component is its wholesale energy wing . the centerpiece of the operation is the wyodak mine near gillette wyoming in the powder river basin which is the oldest operating surface mine for coal in the united states . 11 the mine has permitted reserves of 286 million tons . in addition it claims 169 billion cubic feet 4.8 109 m3 in oil and gas reserves 76 % of which is natural gas principally in new mexico colorado and wyoming . references edit a b c black hills bkh annual sec income statement filing via wikinvest . a b black hills bkh annual sec balance sheet filing via wikinvest . abrahamson eric john . improving life with energy the first 125 years of black hills corporation . vantage point historical services . 2008 . isbn 0 9796389 1 7 . black hills corporation announces settlement with cftc . black hills corporation reissues financial statements ; deloitte & touche completes re audit . psc approves sale to black hills power daly dan february 10 2008 . bh corp. aquila deal to close in second quarter . rapid city journal . retrieved 2008 03 28 . black hills corp. to acquire sourcegas holdings llc . black hills corp. 2015 07 12 . retrieved 2016 04 01 . about bhp . black hills power . retrieved 2008 03 28 . power generation . black hills corporation . archived from the original on april 21 2007 . retrieved 2008 03 28 . wyodak resources . black hills corporation . retrieved 2008 03 28 . retrieved from https en.wikipedia.org w index.php title black hills corporation & oldid 738739407 categories rapid city south dakotacompanies based in south dakotaeconomy of the western united statesnatural gas companies of the united statespower companies of the united statescompanies listed on the new york stock exchange navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages deutsch edit links this page was last modified on 10 september 2016 at 19 41 . text is available under the creative commons attribution sharealike license ; 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