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Public utilities

Black Hills Energy Seeks Approval for Energy Efficiency Cost Recovery Factors

Strategic Insights

— 1 min read

Black Hills Energy has submitted a filing to the Iowa Public Utilities Commission requesting approval for energy efficiency cost recovery factors. The filing proposes an adjustment to the calculation of the recovery factors approved in the prior year, which includes an increase in the residential general service factor from $0.01970 to $0.02296. The company also seeks to recover an additional $1,088,153 in revenue collected from January 1 to April 30, 2025. This adjustment aims to eliminate large swings in over or under collection in revenue.

Key Takeaways:

  • Black Hills Energy proposes an increase in the residential general service factor from $0.01970 to $0.02296.
  • The company seeks to recover an additional $1,088,153 in revenue collected from January 1 to April 30, 2025.
  • The proposed adjustment aims to eliminate large swings in over or under collection in revenue.
  • The filing also addresses a discrepancy in the approved allocation of the 2024 budget for public purpose programs.
  • Black Hills Energy proposes an effective date of July 1, 2025, for the new recovery factors.

Statistics:

  • Residential general service factor: increased from $0.01970 to $0.02296.
  • Non-residential general service factor: increased from ($0.00688) to $0.00056.
  • Non-general service factor: increased from ($0.00096) to $0.00092.
  • Total planned recovery for 2025: $2,460,737.
  • Actual revenue collected from January 1 to April 30, 2025: $1,088,153.

Sources:

  • Iowa Public Utilities Commission, "Black Hills/Iowa Gas Utility Company, LLC d/b/a Black Hills Energy Energy Efficiency Cost Recovery Factor Annual Adjustment Filing pursuant to 199 IAC 35.9" (May 29, 2025).
  • Black Hills Energy, "Summary of Changes" (May 29, 2025).
  • Black Hills Energy, "Eleventh Revised Tariff Sheet No. 146 (Clean Version)" (May 29, 2025).
  • Black Hills Energy, "Schedule 1 - Cost Recovery Factor Calculation for Calendar Year 2025" (May 29, 2025).
  • Black Hills Energy, "Schedules 2A, 2B, and 2C - Estimated Contemporaneous Expenditures for the Calendar Year 2025" (May 29, 2025).
  • Black Hills Energy, "Schedule 3 - Summary of 2024 Actual Expenditures" (May 29, 2025).
  • Black Hills Energy, "Schedule 4 - Summary of Revenue Recoveries" (May 29, 2025).

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