U.S. utilities are reporting growth in residential demand, as well as commercial and industrial (C&I) consumption, underpinning investments in more natural gas-fired generation and system reliability. Atmos Energy Inc. CEO John Akers during a call to discuss the fiscal first quarter earnings highlighted capital expenditures (capex) for modernizing its natural gas distribution system to serve…
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Black Hills, NW Natural Advancing RNG Supply, with More to Come
From the Midwest to the Pacific Coast, investor-owned utilities Black Hills Corp. and NW Natural have shored up renewable natural gas (RNG) and investments in the biofuel over the first three months of the year. Days before hosting the first quarter conference call, NW Natural Holdings Co. CEO David Anderson said the company opened its…
Natural Gas E&Ps, Utilities Deliver A Helping Hand for the Holidays
From assisting natural gas and electric utility customers in paying higher-than-usual energy bills, to decorating Ronald McDonald Houses for the holiday season, the energy industry has once again stepped up to the plate to spread cheer this holiday season. Jackson, MI-based Consumers Energy said it would provide $7.25 million to help Michiganders struggling with winter…
Black Hills ‘Powering a Better Future’ with Crypto, Energy Transition Proposals
After breaking three new summer peak loads for its Wyoming electric subsidiary this summer, management for Rapid City, SD-based Black Hills Corp. highlighted the utility’s interruptible service tariff agreement with a cryptocurrency miner. Black Hills Energy’s Cheyenne Light, Fuel and Power Co. “completed its first agreement for service under our blockchain tariff in Wyoming with…
Black Hills Says Natural Gas in Mix, Aiming for 90% GHG Reduction by 2030
Black Hills Corp. is aiming to achieve a 90% reduction in greenhouse gas (GHG) emissions by 2030 based on 2005 levels as it aims to exceed Colorado’s requirements. Subsidiary Black Hills Energy submitted its 2030 Ready Plan to the Colorado Public Utilities Commission (PUC) at the end of May. The plan details how the company…
Black Hills Utilities Seeing Decarbonization Pressure in Some Service Areas
While acknowledging uncertainty for the rest of the year, Rapid City, SD-based Black Hills Corp. executives reported lighter impacts from Covid-19 in the eight-state utility service territories. The corporate-wide $2.7 billion, five-year capital expenditure program is moving along, and growth in customers and gross margins for the natural gas and electric utilities have continued in…
Black Hills To Sell Last of Its Oil, Natural Gas E&P Assets
Rapid City, SD-based Black Hills Corp. has decided to sell what remains of its oil/natural gas business by the end of next year, CEO David Emery reported during a 3Q2017 earnings conference call on Friday. Included are San Juan Basin and Powder River Basin assets.
Black Hills Content as Small Mancos E&P, Execs Say
With strategic objectives to keep oil and natural gas exploration/production (E&P) as no more than a quarter of its utility-dominated overall business, Rapid City, SD-based Black Hills Corp. is content to take a slow, steady approach to developing its shale and other gas resources, its executives told Wall Street analysts Thursday.
Black Hills Focuses on Mancos, Adds Oil Play in Powder River
While it is putting more emphasis on its utilities longer term, Rapid City, SD-based Black Hills Corp. is focused shorter term on “proving up and capturing substantial value” from its oil and natural gas properties in the Mancos Shale plays in the San Juan and Piceance basins, along with new-found interest in Powder River Basin oil, CEO Dave Emery said Tuesday during a second quarter earnings conference call.