Black Hills to explore strategic options, possibly sell its independent power production assets

By Devika Patel

Knoxville, Tenn., Oct. 11 - Black Hills Corp. announced that its board of directors has approved a strategic review, including possible sales, of independent power production plants located throughout the Western United States.

"We have initiated a thorough economic evaluation of our current IPP asset base. Given prevailing favorable market conditions in the IPP sector of the energy industry, it is prudent to assess our strategic alternatives," Black Hills' chairman, president and chief executive officer David R. Emery said in a press release.

Black Hills has hired Credit Suisse Securities (USA), LLC as financial advisor.

Black Hills is a diversified energy company based in Rapid City, S.D.

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