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The Colorado Public Utilities Commission approved the request as part of the company's 2016 Electric Resource Plan and 2018-2021 Renewable Energy Standard Compliance Plan. [11] As of June 2017, Black Hills Energy in Colorado obtains 19 percent of its electricity from renewable resources, with the rest coming from natural gas.
Small-scale solar, including customer-owned photovoltaic panels, delivered an additional net 1,703 GWh to Colorado's electricity grid in 2023. This compares as about one-half the amount generated by the state's utility-scale photovoltaic plants. [1] In 2004, Colorado became the first state with a voter-approved renewable portfolio standard (RPS).
In conjunction with the merger Black Hills Corporation is to acquire its Colorado electric utility and the Colorado, Iowa, Kansas, and Nebraska gas utilities for $940 million. The merger closed on July 14, 2008, and Aquila now operates under the name Black Hills Energy.
Black Hills, meanwhile, is the type of boring, high-yield utility stock that even the most conservative investor could love. While it's a small company, it has clearly proven it can pay investors ...
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