Black Hills Corporation is expanding its footprint in Wyoming. The South Dakota-based company announced Sunday it is purchasing Source Gas, which supplies natural gas to roughly half a million customers in Wyoming, Colorado, Arkansas and Nebraska.
Black Hills already owns several utility companies in Wyoming, including Cheyenne Light Fuel and Power.
“By moving to 1.2 million customers through our service territory, we will do a good job of holding costs down with respect to customers rates and providing great service,” said Black Hills Chief Operating Officer Linn Evans.
Evans couldn’t offer specifics of what will happen with Source Gas’ existing employees in Wyoming, although he did say the company will continue to need a stable presence in the state.
Black Hills has agreed to pay $1.9 billion dollars for Source Gas.