- Associated Press - Friday, February 12, 2016

RAPID CITY, S.D. (AP) - South Dakota-based Black Hills Corp. says it has completed its purchase of Colorado-based SourceGas Holdings.

Black Hills Corp. serves 792,000 natural gas and electric utility customers in Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota and Wyoming.

SourceGas is a natural gas utility serving about 425,000 customers in Arkansas, Colorado, Nebraska and Wyoming. Utility commissions in those states approved the deal.

The purchase also includes a 512-mile natural gas pipeline in Colorado.

The deal was for about $1.9 billion, including Black Hills Corp.’s assumption of $760 million of debt.



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