Black Hills Corp. Highlights Progress Toward a Cleaner Energy Future in Newly Released Sustainability Report
12 July 2023 - 8:06AM
Black Hills Corp. (NYSE: BKH) today announced the release of its
2022 Sustainability Report highlighting the company’s
environmental, social and governance achievements and its progress
on major projects and climate goals.
“We are committed to creating a cleaner energy future that
builds on our responsibility to provide the safe, reliable and
cost-effective energy that improves our customers’ lives,” said
Linn Evans, president and CEO of Black Hills Corp. “We have set
challenging yet realistic goals for delivering cleaner energy and
have a clear path to reduce our emissions while minimizing cost
impacts to our customers.”
Throughout 2022, Black Hills Corp. continued to achieve progress
toward its goal to reduce electric utility greenhouse gas emissions
intensity 40% by 2030 and 70% by 2040, and has already reduced
emissions one third since 2005. Last year, the company increased
its gas utilities greenhouse gas emissions target to Net Zero by
2035 and plans to achieve its Net Zero target through ongoing
infrastructure investment, damage prevention and integration of low
carbon fuels.
“Our ability to remain resilient, reliable and ready drives us
to meet the needs of our customers today and in the future,”
continued Evans. “These three words are emblematic of the
unwavering commitment our 3,000 Black Hills Energy team members
have to provide the safe, reliable, and cost-effective electricity
and natural gas our customers depend on, and to do so in a
sustainable way.”
Report highlights include:
- Expanded clean energy
offerings: Over the last year, the company progressed on
its preferred resource plans to add 520 megawatts of new renewable
energy and battery storage by 2030. The company continued to expand
its renewable energy portfolio of 289 megawatts of owned and
operated wind generation capacity across its service territory with
the planned addition of the 80-megawatt Fall River Solar project
scheduled to come into service in 2023.
- Advancements in renewable natural gas (RNG):
In 2022, the company successfully filed and received approval for
Green Forward, a voluntary renewable natural gas (RNG) attribute
and carbon offset program, providing customers with a
cost-effective path to offset up to 100% or more of the emissions
associated with their own natural gas carbon footprint. To further
leverage the Black Hills Corp.’s experience building RNG
interconnections, the company established a new business, Black
Hills Energy Renewable Resources. This new business helps drive
company growth by investing capital into infrastructure that
provides a pathway for RNG to get to the market.
- Caring for the community: In 2022, the
company’s community support totaled $6.1 million, including over
$604,000 in employee giving to United Way and more than $760,000
from the company’s expanded energy assistance fund, which matches
customers’ and employees’ contributions dollar-for-dollar.
- Creating value: The company’s investment in
the safety, reliability and sustainability of its extensive utility
systems delivers meaningful growth and sustains jobs, families and
communities. In 2022, Black Hills Corp.’s direct economic impact
totaled $1.34 billion.
- Energy efficiency and conservation: Black
Hills Corp. provided nearly $9 million in energy efficiency rebates
in 2022 to residential and business customers, leading to annual
energy savings of about 17 million kilowatt-hours of electricity
and nearly 386,000 dekatherms of natural gas – enough energy to
power more than 2,300 homes with electricity and about 4,900 homes
with natural gas for one year.
Learn more at www.blackhillsenergy.com/sustainability.
About Black Hills Corp.Black Hills Corp. (NYSE:
BKH) is a customer focused, growth-oriented utility company with a
tradition of improving life with energy and a vision to be the
energy partner of choice. Based in Rapid City, South Dakota, the
company serves more than 1.33 million natural gas and electric
utility customers in eight states: Arkansas, Colorado, Iowa,
Kansas, Montana, Nebraska, South Dakota and Wyoming. More
information is available at ir.blackhillscorp.com.
Investor RelationsJerome E.
Nichols605-721-1171jerome.nichols@blackhillscorp.com
24-Hour Media Assistance 888-242-3969
Caution Regarding Forward Looking StatementThis
news release includes “forward-looking statements” as defined by
the Securities and Exchange Commission, or SEC. We make these
forward-looking statements in reliance on the safe harbor
protections provided under the Private Securities Litigation Reform
Act of 1995. All statements, other than statements of historical
facts, included in this report that address activities, events or
developments that we expect, believe or anticipate will or may
occur in the future, are forward-looking statements, which are
subject to various risks and uncertainties. Factors that could
cause actual results to differ from those in the forward-looking
statements may accompany the statements themselves.
These forward-looking statements are based on assumptions which
we believe are reasonable based on current expectations and
projections about future events and industry conditions and trends
affecting our business. Our business and any offering may be
influenced by many factors that are difficult to predict, involve
uncertainties that may materially affect actual results and are
often beyond our ability to control. These factors include, but are
not limited to, our ability to deliver safe, reliable and
cost-effective energy to our customers.
Whether actual results and developments will conform to our
expectations and predictions is subject to a number of risks and
uncertainties that, among other things, could cause actual results
to differ materially from those contained in the forward-looking
statements, including without limitation, the risk factors
described in Items 1A of our 2022 Annual Report on Form 10-K and
other reports that we file with the SEC from time to time.
New factors that could cause actual results to differ materially
from those described in forward-looking statements emerge from time
to time, and it is not possible for us to predict all such factors,
or the extent to which any such factor or combination of factors
may cause actual results to differ from those contained in any
forward-looking statement. We assume no obligation to update
publicly any such forward-looking statements, whether as a result
of new information, future events or otherwise.
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