Black Hills Corporation (BKH) 2010年年度报告「NYSE」.pdf

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1、Behind the 2010 BKh AnnuAl RepoRtpRoxy StAtementFoRm 10KeneRgyDear Shareholders,The work we do at Black Hills Corporation often happens far from the spotlight.As a diversified energy company,our job is to support our customers as they go about their daily lives whether theyre heating their homes,swi

2、tching on lights or delivering energy produced by our non-regulated business units to serve their own customers.But being in a supporting role doesnt mean we cant or shouldnt tell our own story.Our customers,shareholders,employees and communities deserve to know why we do what we do as well as the a

3、mount of work that goes into delivering our energy so that they understand the decisions we make as we serve them.Last year,there were several good examples of the work that goes in to supporting our customers,all while making sure we provide a fair return for our shareholders.Not only did we improv

4、e our earnings in 2010,but we also made significant progress on many of our key strategic initiatives.And in January 2011 for the 41st consecutive year,we increased our quarterly dividend for shareholders,an indication of the financial strength of our company and the shareholder value we continue to

5、 create.On April 1,Black Hills Powers new 110-megawatt,coal-fired,mine-mouth power plant,Wygen III,began commercial operation ahead of schedule and under budget.BHP completed a major transmission project last year as well.In July,we started construction on our 180-megawatt natural-gas-fired power fa

6、cility in Pueblo,Colo.,which we are building as a rate-based asset of Black Hills Energy Colorado Electric.The project is expected to be completed by Jan.1,2012,and will cost$250 million to$260 million.We also entered into a 200-megawatt,20-year power purchase agreement for Black Hills Energy Colora