Business Context and Reporting Period
Company: BLACK HILLS CORPORATION
Filing Type: Form 8-K (Current Report)
Date of Event: November 27, 2002
Reporting Period: Single event report dated November 27, 2002, signed December 2, 2002.
Key Financial Metrics
This filing does not report comprehensive financial statements, revenue, profit, cash flow, margins, or overall debt levels. The only specific financial metric disclosed is related to a specific project financing:
- Financing Amount: $50 million secured financing.
- Project: Las Vegas II project (224 megawatt gas-fired combined-cycle power generation facility).
- Location: Near Las Vegas, NV.
Material Changes
The Company amended and extended the maturity date of the $50 million secured financing for the Las Vegas II project expansion. The new maturity date is May 26, 2003.
Guidance, Outlook, and Risks
Management Commentary: The filing indicates continued construction and financing activity for the Las Vegas II power generation facility.
Risks and Contingencies: The filing does not explicitly detail new risks or contingencies beyond the standard requirement to secure financing for project expansion. The extension of financing suggests ongoing capital requirements for the project.
Investor Verification Checklist
- Verify the terms of the amended $50 million secured financing agreement.
- Confirm the construction progress and timeline for the Las Vegas II 224 MW facility.
- Review the attached News Release (Exhibit 99) for additional details on the financing extension.
- Check subsequent filings for updates on the project's completion and operational status.