Black Hills reaches rate settlement

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The Colorado Public Utilities Commission will hold a hearing Pueblo Tuesday, June8 to receive public comment on a proposed settlement in the Black Hills/Colorado Electric Utility Company rate case.

The hearing is scheduled for 6 p.m. in the city council chambers in Pueblo.

The agreement will grant Black Hills a $17.98 million increase in annual revenues. The company had sought a $23 million increase.

The average residential customer would see an increase of about $7.90 a month and an average small business customer would see an increase of about $26.38 a month. The increases would start July 1.

Black Hills provides utilities to more than 90,000 customers in 21 Colorado communities: Pueblo, Canon City, Florence and Rocky Ford.

The proposed rates do not include additional generation being built or acquired by Black Hills to replace a purchased power agreement with Xcel Energy that expires in December 2011.