ABB_id2059
in News Departments > New & Noteworthy
print the content item

Rapid City, S.D.-based Black Hills Corp., a utility subsidiary Black Hills Power, says that the Federal Energy Regulatory Commission (FERC) has approved a formulaic approach for setting transmission rates. This change will result in an increase to Black Hills Power's transmission revenue requirement from $5.6 million to $9.4 million. Under the formula approved by FERC, transmission rates will be set utilizing a return on equity of 10.8% and a capital structure consisting of 57% equity and 43% debt.

"The Federal Energy Regulatory Commission decision is notable in that it approves a formula-based rate process," says Chuck Loomis, vice president of operations for Black Hills Power. "This allows us to utilize an annual true-up calculation rather than having to file separate rate cases each time we make transmission investments."

SOURCE: Black Hills Corp.

Hybrid Energy Innovations 2015

Trachte_id2056
Latest Top Stories

U.S. Wind Power Installations Surpassed 4.7 GW Last Year, Although China Still Leads

Bloomberg New Energy Finance reports that U.S. wind installations came back in a big way from a disappointing 2013.


IRS Specifies Performance, Quality Standards For Small Wind Turbines

The Internal Revenue Service (IRS) recently issued guidelines creating safety and performance standards for small wind turbines to be eligible for the 30% investment tax credit.


Hot Times North Of The Border: Canada Tops Previous Record For Installed Wind Capacity

For the second consecutive year, Canada's wind market has bested the country's previous mark for new installations.


Report: Policy Uncertainty Fuels Market Exodus As Firms Bolt North American Wind Industry

The global wind energy supply chain has yet to recover from the slump that began in 2013. In fact, many segments are undergoing a transformation, according to market research firm FTI Consulting.


Utilities Deal "Near-Fatal" Blow To Cape Wind: UPDATED

Despite its remarkable resiliency, could this latest setback mean the end for the controversial offshore wind farm?

Hybrid Energy Innovations 2015