Black Hills closing purchase of Source Gas in Wyoming as early as next month

With a sale expected to close in early February, representatives from Black Hills Corporation (NYSE: BKH ) are touring Wyoming and taking the opportunity to meet with local community leaders to share the specifics of this transaction. Bootstrapped caught up with these representatives in Fremont County today at the Oxbow Restaurant, in Lander to better understand what this would mean for local consumers. "As part of our settlement, rates will not change soon for consumers," reported Shirley Welte, Vice President, Operations for Black Hills. "This deal is a great strategic fit bringing together two well-regulated utility operators and creating a strong utility company. We're headquartered in Rapid City, but have 68 additional offices and service centers in Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota and Wyoming." With 110 employees in Wyoming, and 18 in Fremont County Source Gas's team will combine with Black Hills to be a force of 219 total employees in the state. *About Black Hills Corporation:* As a $3.46 billion company, Black Hills Corp. is one of the largest publicly traded companies headquartered in South Dakota. They employ over 2,000 people across 7 states and provide customers with natural gas and utility services, generate wholesale electricity and produce natural gas, crude oil and coal. (photo Lander Chamber Director, Brian Fabel and Black Hills VP Operations Shirley Welte) #bootstrapped #news #bkh