RAPID CITY, S.D., Oct. 12, 2022 (GLOBE NEWSWIRE) — Black Hills Corp. (NYSE: BKH) today announced that its Wyoming electric utility subsidiary, Cheyenne Light, Fuel and Power Company, doing business as Black Hills Energy, received a bench decision from the Wyoming Public Service Commission approving a certificate of public convenience and necessity to construct an estimated $260 million transmission expansion project.
The approximately 260-mile transmission project, known as Ready Wyoming, will help meet current and growing energy needs of customers in Wyoming. The expansion project will provide customers long-term price stability while enhancing the resiliency of the electric system and expanding access to power markets and renewable energy resources.
“We’re pleased with the Wyoming commission’s unanimous approval of a settlement agreement to proceed with the project and appreciate the collaboration with the parties in the process,” said Linn Evans, president and CEO of Black Hills Corp. “We look forward to ongoing engagement with landowners and other stakeholders for Ready Wyoming, a vital project that will provide long-term benefits to our Wyoming customers and communities.”
Construction of the transmission expansion project is expected to commence in 2023 and be completed in multiple phases through 2025. The project is expected to contribute more than $100 million of economic benefit to the Wyoming economy and employ up to 1,400 construction jobs.