Black Hills Corporation (BKH) 2007年年度报告「NYSE」.pdf

1、P.O.Box 1400,625 Ninth Street Rapid City,South Dakota 57709 Annual Report 2007a January 21,2005-December 31,2005,full year 2006 and 2007.b Volume reflects activity of Golden-based marketing operation beginning in May 2006.c Excludes corporate assets and assets of discontinued operations.Earnings Per

2、 ShareDividendsBusiness Group AssetscUtilities Non-regulated EnergyEvolution and Innovation Throughout the years,we have adapted and grown in response to business opportunity.Among our important milestones are these pivotal achievements:The1956purchaseofacoalminetosecure aneconomicalfuelsourceforpow

3、ergenerationWyodak Resources Development Corporation(foundedin1922)istheoldestcontinuouslyoperated coal mine in North America;Thesuccessfulapplicationinthe1960sofwaterresource-conserving,air-cooled condensing technologyinthedesignandconstructionof theNeilSimpsonIpowerplantanindustry“first”inallofNor

4、thAmerica;Adiversificationintotheupstreamcrudeoilandnaturalgasindustryin1986withtheacquisitionofWesternProductionCompany;Thebeginningofsignificantwholesalepowersalesin1995throughaninnovativesettlementwiththeSouthDakotaPublicUtilitiesCommissionthatallowedoff-systemsalesofsurplusenergyand created ince

5、ntives to benefit utility customers through operational efficiency;The1996creationofEnsercoEnergyInc.,our venture into energy marketing that has anexceptionalrecordofprofitabilityandwell-managed risk throughout its history;Theentryin1999intodigitalcommunicationswiththecommencementofBlackHills FiberC

6、om,thefirstproviderofbundledhighspeed Internet,cable television and telephone servicesintheBlackHillsregion(wesoldthisbusinessin2005);Theentryintoindependentpowerproduction(IPP)in2000,whichdrewuponourexpertisein planning,permitting,building and operating modern power plants;and Theexpansionofutility