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Black Hills Energy Seeks Rate Increase
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Black Hills Energy, a natural gas utility in Iowa, has submitted a rate review application to the Iowa Utilities Board, aiming for $20.7 million in additional annual revenue. The company has heavily invested in safety and system enhancements, totaling $100 million since 2021. The utility plans to introduce interim rates promptly and finalize new rates by early 2025.
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How could this rate review impact Black Hills Corp.'s financial performance and strategic direction?
How might the proposed rate increase affect consumers and businesses in Iowa?
What specific safety and system improvements has Black Hills Energy made since 2021?
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