Sale Closed On Black Hills Acquisition Of SourceGas

Feb 12, 2016

In a $1.9 billion deal, Black Hills Energy has purchased SourceGas, expanding the company's utility operations in Wyoming. The companies agreed to the sale last summer, but were waiting on regulatory approval. Shirley Welte is the new vice president of operations for Black Hills Energy in Wyoming. She says the merger was a logical business move.

"The combination fits our overall strategy to create value for our customers and shareholders by growing our business," says Welte.

The acquisition will add 80,000 customers to Black Hills' Wyoming system. Welte says former SourceGas customers shouldn't expect any changes in prices or services.