SOURCE: Industrial Info Resources

Industrial Info Resources

August 08, 2011 06:45 ET

Black Hills Climbs in Second-Quarter 2011 as Newer Investments Begin to Yield Profits, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - Aug 8, 2011) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Black Hills Corporation (NYSE:BKH) (Rapid City, South Dakota), a diversified energy company that services Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota and Wyoming, saw upbeat overall results in the second quarter of 2011 as volumes improved and the effects of rate adjustments made in 2010 in several of the company's utility jurisdictions began to pay off. Net income for the quarter was reported to be $7.8 million, compared with an $8.7 million loss in the same period last year.

Industrial Info is tracking $836 million in active Black Hills projects in the U.S., including the $500 million construction of a 315-megawatt natural gas-fired generating station in Pueblo, Colorado.

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