Black Hills Energy Renewable Resources Completes Acquisition of Renewable Natural Gas Production Facility in Iowa
01 Febrero 2024 - 7:30AM
Black Hills Corp. (NYSE: BKH) today announced that its nonregulated
subsidiary, Black Hills Energy Renewable Resources, completed the
purchase of a renewable natural gas production facility in Dubuque,
Iowa.
The acquisition of the production facility at the Dubuque
Metropolitan Area Solid Waste Agency site includes onsite
infrastructure and the rights to RNG production at the landfill
under a long-term contract. The facility currently injects RNG into
the natural gas distribution system serving Dubuque, which is owned
and operated by Black Hills Corp.’s regulated natural gas utility
in Iowa.
“This investment advances our goal to responsibly integrate
renewable resources as a component of our overall emissions
reduction strategy,” said Todd Jacobs, senior vice president of
growth and strategy. “This acquisition represents our entry into
the production of RNG as a nonregulated business while leveraging
our expertise in owning and operating regulated natural gas
pipeline systems, including RNG interconnections.”
The RNG produced from the landfill facility captures methane
that would otherwise vent into the atmosphere. It is delivered
under long-term contracts to a third party that purchases the RNG
and its related environmental attributes, in conformity with the
U.S. EPA Renewable Fuel Standard Program.
“Investing in the production facility will allow BHERR to focus
on growing its RNG business with an efficient and sustainable
lower-carbon fuel,” said Jacobs.
Black Hills Corp.Black Hills Corp. (NYSE: BKH)
is a customer focused, growth-oriented utility company with a
tradition of improving life with energy and a vision to be the
energy partner of choice. Based in Rapid City, South Dakota, the
company serves 1.33 million natural gas and electric utility
customers in eight states: Arkansas, Colorado, Iowa, Kansas,
Montana, Nebraska, South Dakota and Wyoming. More information is
available at www.blackhillscorp.com.
Black Hills Energy Renewable ResourcesBlack
Hills Energy Renewable Resources LLC. (BHERR) is a nonregulated
subsidiary of Black Hills Corporation established in 2022 to
leverage the company’s expertise in developing renewable natural
gas (RNG) production, interconnections and providing a pathway for
RNG to access natural gas markets. BHERR makes investment into RNG
development projects to deliver profitable growth and align with
the company’s sustainability strategy.
Investor RelationsJerome E.
Nichols605-721-1171jerome.nichols@blackhillscorp.com
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