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Black Hills Corp. is a diversified energy company. It operates through two business groups: Utilities and Non-Regulated Energy. The Utilities group is comprised of the company's Regulated Electric Utilities and Regulated Gas Utilities segments. The Non-Regulated Energy group is comprised of The Power Generation segment produces electric power from the company's generating plants and sells the electric capacity and energy primarily under long-term contracts, Oil & Gas, and Coal Mining. The Regulated Electric Utilities segment generates, transmits and distributes electricity to customers in South Dakota, Wyoming, Colorado and Montana and includes the operations of Cheyenne Light, a combination electric and gas utility. The Regulated Gas Utilities segment serves natural gas utility customers in Colorado, Nebraska, Iowa and Kansas. The Power Generation segment produces electric power from the company's generating plants and sells the electric capacity and energy primarily under long-term contracts. The Oil and Gas segment engages in the exploration, development and production of crude oil and natural gas, primarily in the Rocky Mountain region. The Coal Mining segment produces coal at the company's coal mine near Gillette, Wyoming. The company was founded in 1883 and is headquartered in Rapid City, SD.

Black Hills Corporation, through its subsidiaries, operates as a vertically-integrated utility company in the United States. The company's Electric Utilities segment generates, transmits, and distributes electricity to approximately 208,500 electric customers in South Dakota, Wyoming, Colorado, and Montana. This segment owns 941 megawatts of generation capacity and 8,806 miles of electric transmission and distribution lines. Its Gas Utilities segment distributes natural gas to approximately 1,030,800 natural gas utility customers in Arkansas, Colorado, Iowa, Nebraska, Kansas, and Wyoming. This segment owns 4,585 miles of intrastate gas transmission pipelines and 40,044 miles of gas distribution mains and service lines. The company's Power Generation segment produces electric power and sells the electric capacity and energy primarily to its utilities under long-term contracts. Its Mining segment produces coal at its coal mine located near Gillette, Wyoming and sells the coal to electric generation facilities. The company's Oil and Gas segment explores, develops, and produces crude oil and natural gas primarily in the Rocky Mountain region. This segment's principal assets include the operating interests in the properties in the San Juan basin, the Powder River basin, and the Piceance basin; and non-operated interests in wells located in various states. As of December 31, 2016, it had total reserves of approximately 78 billion cubic feet equivalent of natural gas, crude oil, and natural gas liquids. Black Hills Corporation also provides appliance repair services to approximately 61,000 residential customers; and constructs gas infrastructure facilities and electrical systems for gas transportation and electric utilities customers. The company was founded in 1941 and is headquartered in Rapid City, South Dakota.