Baker Hughes Inc (BHU)

Overview

Black Hills Corporation, rooted in Rapid City, South Dakota since its inception in 1941, stands as a pivotal player in the electric and natural gas utility sector within the United States. Through its subsidiaries, the company robustly engages in both electric and natural gas utilities, divided into two main operational segments: Electric Utilities and Gas Utilities. Serving a diverse and vast customer base, Black Hills Corporation prides itself on its extensive and reliable supply of electricity and natural gas, owing to its substantial infrastructure and generation capacity that spans across multiple states.

Products and Services

• Electric Utilities

This segment caters to approximately 222,000 electric utility customers across Colorado, Montana, South Dakota, and Wyoming. It is bolstered by a substantial generation capacity of 1,394 megawatts and an extensive network of electric transmission and distribution lines totaling 9,106 miles. Black Hills Corporation's commitment to reliability and sustainability is reflected in its diverse source of generation that includes wind, natural gas, and coal-fired plants.

• Gas Utilities

Provision of natural gas is another core service offered by Black Hills Corporation, extending to approximately 1,116,000 natural gas utility customers in states like Arkansas, Colorado, Iowa, Kansas, Nebraska, and Wyoming. The company's infrastructure in this segment is notably extensive, featuring 4,663 miles of intrastate gas transmission pipelines, 42,514 miles of gas distribution mains and service lines, seven natural gas storage sites, and around 50,000 horsepower of compression and 516 miles of gathering lines. These assets ensure a steady and reliable gas supply to their customers.

• Additional Services

Beyond its primary utility services, Black Hills Corporation offers construction and maintenance of customer-owned gas infrastructure facilities geared towards gas transportation customers. The company also delivers appliance repair services to its residential utility customers and extends electrical system construction services to large industrial clients. Their comprehensive service portfolio is designed to meet a wide range of user needs, providing added value beyond mere utility provision.