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Black Hills Corporation Ready Black Hills Corp. Reports Second Quarter 2021 Results and Reaffirms Guidance RAPID CITY , S.D. – Aug. 3 , 2021 — Black Hills Corp. ( NYSE : BKH ) today announced financial results for the second quarter of 2021. Net income and Net income , as adjusted ( non - GAAP ) for the second quarter and first six months of 2021 compared to the second quarter and first six months of 2020 were : ( in millions , except per share amounts ) GAAP : Net income Non - GAAP : Net income , as adjusted * Three Months Ended June 30 , 2021 2020 Six Months Ended June 30 , 2021 2020 Income EPS Income EPS Income EPS Income EPS $ 25.2 $ 0.40 $ 21.0 $ 0.33 $ 121.5 $ 1.93 $ 114.1 $ 1.83 $ 25.2 $ 0.40 $ 21.0 $ 0.33 $ 121.5 $ 1.93 $ 119.4 $ 1.92 * A schedule for the GAAP to non - GAAP adjustment reconciliation is provided below . " I'm pleased with our strong earnings growth and operational performance for the quarter , including progress on our regulatory initiatives and long - term electric resource planning , ” said Linn Evans , president and CEO of Black Hills Corp. “ Financial results were driven primarily by new rates and rider recovery on investments to serve customers . We also made progress on our cost management and cash conservation efforts to mitigate the first quarter financial impacts from Winter Storm Uri . " We are excited about our opportunities ahead . We expect to invest more than $ 3 billion for our customers through 2025. In addition , we are aggressively pursuing incremental growth opportunities and supporting the strong economic and population growth we continue to see in our service territories . Our electric integrated resource plan for South Dakota and Wyoming exemplifies our customer - focused approach in cost - effectively serving growing demand over the next two decades while maintaining strong system resiliency . We continue to develop our electric transmission strategy , plan for new renewable generation and battery storage , and execute our pipeline replacement program . Through these efforts , we expect to deliver long- term value for our shareholders and achieve our sustainability goals while ensuring reliability for customers , ” concluded Evans . SECOND QUARTER 2021 HIGHLIGHTS AND UPDATES Electric Utilities • On July 28 , Wyoming Electric set a new all - time peak load of 274 megawatts , surpassing the previous peak of 271 megawatts set in July 2020 . On July 27 , South Dakota Electric set a new all - time peak load of 397 megawatts , surpassing the previous peak of 378 megawatts set in August 2020 . On June 30 , South Dakota Electric and Wyoming Electric submitted an integrated resource plan to the South Dakota Public Utilities Commission and Wyoming Public Service Commission . The plan outlines a range of options for the two electric utilities over a 20 - year planning horizon to meet long - term forecasted energy needs while strengthening reliability and resiliency of the grid . The analysis focused on the least - cost resource needs to best meet customers ' future peak energy needs while maintaining system flexibility and achieving the company's generation emissions reduction goals . The plan's preferred options for the near - term planning period through 2026 propose the addition of 100 megawatts of renewable generation , the conversion of Neil Simpson II to natural gas in 2025 and consideration of up to 20 megawatts of battery storage .