Business Context and Reporting Period
Company: Black Hills Corporation
Filing Type: Form 8-K (Current Report)
Date of Event: September 22, 2003
Reporting Period: Specific event date; not a periodic financial report.
Key Financial Metrics
This filing does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. The document serves as a notice of a material event and an update to future guidance rather than a presentation of historical financial statements.
Material Changes
- Contract Termination: The Company completed a transaction terminating a fifteen-year contract with Allegheny Energy Supply Company, LLC (a subsidiary of Allegheny Energy, Inc.).
- Asset Involved: The contract covered capacity and energy at the Black Hills Las Vegas Cogeneration II power plant.
- Accounting Impact: The filing notes an accounting impact resulting from the termination, though specific figures are not detailed in the text.
Guidance, Outlook, and Management Commentary
- Updated Guidance: Management updated its earnings guidance for the year 2004.
- Source of Details: Specific details regarding the accounting impact and the revised 2004 guidance are contained in the attached press release (Exhibit 99), which is incorporated by reference but not reproduced in full within this text.
Investor Verification Checklist
- Review the attached press release (Exhibit 99) for the specific dollar amount of the accounting impact.
- Verify the revised 2004 earnings guidance figures provided in the press release.
- Assess the operational implications of terminating the long-term contract with Allegheny Energy Supply Company for the Las Vegas Cogeneration II plant.