WELCOME SHAREHOLDERS BLACK HILLS CORPORATION 2010 ANNUAL SHAREHOLDERS MEETING
Black Hills Corporation We are a diversified energy company with a tradition of exemplary service and a vision to be the energy partner of choice. Based in Rapid City, SD, with corporate offices in Denver, CO, and Omaha, NE, the company…
Utility Highlights Strong operational performance; better than expected financial results from gas utilities and low commodity prices impact off-system electricity sales margins 2009 Full Year 2010 YTD Colder than normal weather…
Non-Regulated Energy Highlights Low commodity prices impact Energy Marketing and Oil & Gas businesses 2009 Full Year 2010 YTD Enserco completed a 300 million committed BHCI new generation construction team in place; stand-alone…
Corporate Highlights Growth projects and integration efforts on track; successful completion of long term financings 2009 Full Year 2010 YTD Completed public debt offering of 250 million in Completed 500 million, unsecured corporate…
Quarterly EPS Comparison Earnings Per Share (EPS) Q1 2009 Q2 2009 Q3 2009 Q4 2009 Q1 2010 Income (Loss) from Continuing Operations 0.66 0.64 (0.10) 0.84 0.81 Exclude notable gain items: Elkhorn sale completed 3/2010 -- -- -- --…
Capital Structure In millions Mar. 31, Jun. 30, Sept. 30, Dec. 31, Mar. 31, 2009 2009 2009 2009 2010 Short-term debt: Current maturities 32.1 32.1 32.1 35.2 24.4 Notes Payable 479.8 270.5 350.5 164.5 223.0 Total Short-term debt…
Growth Capital Investments Excludes routine capital expenditures, such as maintenance and new customer growth capital Excludes routine capital expenditures, such as maintenance and new customer growth capital (millions) 2008 - 2009…
BHE-COE Generation Gas-fired generation to serve BHECOE utility customers on-track for commercial operation on 1/1/2012 BHECOE utility-owned and BHCI non-regulated generation assets to be co-located at Pueblo, CO airport site…
Wygen III Serving utility customers on April 1, 2010 Power plant completed 3 months ahead of schedule and 7 million under budget Fourth plant built in the Neil Simpson Complex using Air-cooled condensing technology…
Rate Cases Filed /As Requested* Regulatory Update Jurisdiction Date Filed Proposed Proposed Proposed Cap Proposed Status Revenue Return on Structure Rate Base Increase Equity BHP - SD 9/30/2009 32 million 11.5% 48% debt/ 393 million…
Utility Energy Efficiency & Renewable Programs BHE-COE, BHP and CLFP selected by DOE for Smart Grid investment grant funding totaling 20.7 million Black Hills Power National Wind For Schools project includes installation of a 2.4 KW…
Strategy Scorecard Strategy 2010 Progress & Future Initiatives UTILITIES 5 File BHE-CO Electric rate case with an expected effective date in Q3 2010 + Acquire regulated utility properties in our geographic focus 5 Complete Wygen III…
5 Year Cumulative Total Return* * 100 invested on 12/31/04 in stock and index-including reinvestment of dividends. Fiscal year ending 12/31. Copyright 2009 S&P, a division of The McGraw-Hill Companies Inc. All rights reserved. 15
Annual Dividend Growth 1.44 1.45 1.42 1.40 1.40 1.37 1.35 1.32 1.30 1.28 1.25 1.20 1.15 2005 2006 2007 2008 2009 2010 Annualized Board of Directors approved the 40th annual consecutive increase in the dividend. The…
Summary Strategy on track; 2009 results impacted by low commodity prices; dividend increase for the 40th consecutive year 2009 Accomplished strategic objectives, managed risk, improved operational performance (cost control and…
Vision: Be the energy partner of choice. Mission: Improving life with energy. 18
Black Hills Corporation 625 9th Street Rapid City, SD 57701 NYSE Ticker: BKH www.blackhillscorp.com Company Contact Jason Ketchum Director, IR & Corporate Communications 605-721-2765 jason.ketchumblackhillscorp.com
Loading...
