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Slide #67. Black Hills Corp. — Certain gas transmission and distribution utility assets of MGTC, Inc.
Black Hills Corp. (NYSE:BKH)
Certain gas transmission and distribution utility assets of MGTC, Inc.
Black Hills Corp. (NYSE:BKH) today entered into an agreement to acquire certain gas transmission and distribution utility assets of MGTC, Inc. a certificated Wyoming public gas utility and an indirect, wholly owned subsidiary of Anadarko Petroleum Corporation.
Black Hills is a utility holding company. Through its subsidiaries, Co.'s segments are: Electric Utilities, which generates, transmits and distributes electricity to electric utility customers in Colorado, Montana, South Dakota and Wyoming; Gas Utilities, which serves natural gas utility customers in Arkansas, Colorado, Iowa, Kansas, Nebraska, and Wyoming; Power Generation, which produces electric power from its wind, natural gas and coal-fired generating plants and sells the electric capacity and energy to its utilities under contracts; Mining, which produces coal at its mine near Gillette, WY, and sells and delivers under long-term contracts to mine-mouth electric generation facilities.
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Strong Buy (3.50 out of 4)