Black Hills working to comply with Colorado 30% renewable target

Black Hills Corp. (NYSE:BKH) is working to comply with Colorado’s ambitious renewable energy plan that targets 30% by 2020.

Subsidiary Black Hills/Colorado Electric Utility recently filed its 2012 renewable energy compliance plan. The subsidiary also does business as Black Hills Energy.

This report describes how Black Hills complied with each component of the renewable energy standard (RES) rules that were in effect in compliance year 2012, including details of monthly renewable energy credit (REC) contributions.

Black Hills’ 2012 renewable energy requirement pursuant to the standard was 218,066 MWh, or 12% of the 2012 MWh sales.

Black Hills continues to carry out a May 2011 settlement agreement that divides the company’s popular solar program into tiers. The parties agreed that the company’s solar program for 2013 and subsequent compliance years will be determined in future dockets.

For the compliance year 2012, Black Hills met the requirements for the renewable distributed generation component, including retail distributed generation, of the RES through Black Hills’ Colorado Public Utilities Commission-approved solar programs, non-solar retail renewables, and RECs from the 29-MW Busch Ranch Wind Project in Huerfano County, Colo.

Black Hills met the remaining requirements of the RES through the RECs associated with a load ratio share of Public Service Co. of Colorado’s (PSCo) non-solar renewables (wind RECs) which were credited to Black Hills in conjunction with the wholesale purchase power agreement between PSCo and Black Hills that expired at the end of 2011. Public Service is part of Xcel Energy (NYSE:XEL).

About Wayne Barber 4201 Articles
Wayne Barber, Chief Analyst for the GenerationHub, has been covering power generation, energy and natural resources issues at national publications for more than 20 years. Prior to joining PennWell he was editor of Generation Markets Week at SNL Financial for nine years. He has also worked as a business journalist at both McGraw-Hill and Financial Times Energy. Wayne also worked as a newspaper reporter for several years. During his career has visited nuclear reactors and coal mines as well as coal and natural gas power plants. Wayne can be reached at wayneb@pennwell.com.