Black Hills nat gas intrastate pipeline company gets new rates approval

Black Hills announced that its Colorado intrastate natural gas pipeline, Rocky Mountain Natural Gas doing business as Black Hills Energy, received approval from the Colorado Public Utility Commission of a settlement agreement for new rates to recover approximately $110M of investments since 2017 in its 600-mile pipeline system…The approved settlement agreement will generate approximately $8.2M of new annual revenues based on a weighted average cost of capital of 6.93% with a capital structure range of 50% to 52% equity, 48% to 50% debt and a return on equity of 9.50% to 9.70%. New rates were effective July 15.