Black Hills Power, Inc. · Rapid City, SD United States
Company Description
Phone: 605-721-2660
Fax: 605-721-2573
Toll Free: 800-843-8849
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This link will open in a new window Mount Rushmore is a monument to the powerful in the Black Hills of South Dakota. Black Hills Power, formed in 1941, the same year the Mount Rushmore was completed, gets power to the people. It generates, transmits, and distributes electricity to 66,000 customers. Its 9,300 sq.ml. service area encompasses western South Dakota, northeastern Wyoming, and southeastern Montana. The utility became a subsidiary of Black Hills Corporation in 2000. Its five electric power plants are fueled by low-sulphur Wyoming coal, mined by Black Hills Corp.'s unit Wyodak Resource Development Corp. To read the full description, subscribe now.
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Key Black Hills Power, Inc. Financials
| Company Type | Subsidiary Headquarters |
| Fiscal Year-End | December |
| Annual Sales (mil.) | $232.7 |
| Employees | 326 |
Black Hills Power, Inc. Executives
23 executives listed for Black Hills Power, Inc.'s Rapid City, SD location.
| Title | Name & Bio | Contact |
| Chairman, President, and CEO, Black Hills Corp. | David Emery | Network |
| EVP and CFO | Anthony Cleberg | Network |
| VP Supply Chain | Perry Krush | Network |
Competition
Competitive Landscape for Black Hills Power, Inc.
Demand for electricity is driven by industrial and commercial activity and by population growth. The profitability of individual companies depends on the efficiency of their operations. Large companies have economies of scale in purchasing power; small companies can compete effectively by specializing in geographic regions. The industry is capital-intensive: average annual revenue per worker is about $2 million. The traditional electricity industry consisted of investor-owned utilities, municipal utilities, cooperatives, and government entities that owned the generation, transmission, and retail distribution facilities within a limited area and served all customers within that area as tightly regulated "natural monopolies." Though "natural monopolies" still exist, the electric energy industry in the US underwent a restructuring driven by changes in federal and state laws in the 1990s. In restructured, or deregulated, markets, generation, transmission, and distribution operations are carried out by separate companies, and the owners of local distribution lines make their lines available to competitors. The intended purpose of moving toward a less regulated electricity market was to decrease the cost of electricity by fostering competition among producers. One practical effect was the divestment of generation facilities by many investor-owned utilities. Despite the popularity of restructuring activities initially, as of mid-2009 only 14 states had deregulated their electricity industries. Several other states, including California, launched restructuring initiatives before suspending them, in part because of concerns that restructuring caused electricity rates to rise. Many local electricity distributors are still owned by utility holding companies that also own power generation facilities, wholesale transmission lines, and wholesale power trading companies. To read the full description, subscribe now.Top Black Hills Power, Inc. Competitors
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