TransCanada Confirms Commercial Support for Keystone XL

Posted on Jan 30, 2018 in Press Releases |

Strong commercial support advances project to construction preparation while working collaboratively with landowners to acquire easements CALGARY, Alberta – January 18, 2018 – News Release – ­TransCanada Corporation (TSX, NYSE: TRP) (TransCanada) today announced it has successfully concluded the Keystone XL open season, securing approximately 500,000 barrels per day of firm, 20 year commitments, positioning the proposed project to proceed. Interest in the project remains strong and TransCanada will look to continue to secure additional long-term contracted volumes. Today’s announcement builds on the November 20, 2017 decision by the Nebraska Public Service Commission to approve the Keystone XL route through the state. The approved route was based on a comprehensive review of the evidence submitted by all parties in the hearing process as well as state agencies to ensure it has a minimal impact to the public and to Nebraska’s natural resources. “Over the past 12 months, the Keystone XL project has achieved several milestones that move us significantly closer to constructing this critical energy infrastructure for North America,” said Russ Girling, TransCanada’s president and chief executive officer. “We thank President Donald Trump and his administration for their continued support and appreciate the ongoing efforts of Nebraska Governor Pete Ricketts, the Nebraska legislative and congressional delegation, Omaha Federation of Labor, Nebraska State AFL-CIO, our customers and various stakeholders to advance this project. Furthermore, we appreciate Alberta Premier Rachel Notley for her government’s commitment to the project which was instrumental to achieving the commercial support needed to proceed,” added Girling. TransCanada is continuing outreach in the communities where the pipeline will be constructed and is working collaboratively with landowners in an open and transparent way to obtain the necessary easements for the approved route. Construction preparation has commenced and will increase as the permitting process advances throughout 2018, with primary construction expected to begin in 2019. The project is expected to generate tens of millions of dollars in local tax revenues, supporting first responders, schools and hospitals, as well as roads and other local infrastructure. Enhanced standards and utilization of the most advanced technology will help ensure Keystone XL will be built and operated to uphold our fundamental commitment to safety and the communities we serve. With more than 65 years’ experience, TransCanada is a leader in the responsible development and reliable operation of North American energy infrastructure including natural gas and liquids pipelines, power generation and gas storage facilities. TransCanada operates one of the largest natural gas transmission networks that extends more than 56,900 miles, tapping into virtually all major gas supply basins in North America. TransCanada is the continent’s leading provider of gas storage and related services with 653 billion cubic feet of storage capacity. A large independent...

Read More

Black Hills Power To Operate As Black Hills Energy

Posted on Jan 6, 2016 in Press Releases |

Black Hills Power To Operate As Black Hills Energy RAPID CITY, S.D. — Dec. 9, 2015 — Black Hills Power will soon operate under the name Black Hills Energy, the company announced today, continuing to honor the company’s deep roots in the Black Hills since 1883. “Black Hills Energy speaks to our commitment to provide a wide range of energy solutions that satisfy our customers’ evolving energy needs, our commitment to continue serving our customers at the level they have come to expect from us and will keep our history alive and vibrant,” said Vance Crocker, Black Hills Power’s vice president of operations. Customers will begin to see the Black Hills Energy logo on bills, building signage, website, vehicles and employee uniforms the first part of next year with an expected completion date by mid-2016. The company will provide more details on the transition after the first of the year. No organizational changes will occur as a result. Black Hills Power’s parent company, Black Hills Corp., has grown significantly over the past decade, primarily through the acquisition of 19 natural gas and electric utility systems across the Mountain West and Great Plains. As the company has grown it has extended the Black Hills Energy brand across a seven-state region. Black Hills Corp.’s Cheyenne Light, Fuel & Power utility, which serves Cheyenne and Laramie County in Wyoming, will also be rebranded as Black Hills Energy on the same timeframe as Black Hills Power. “As Black Hills Energy, we will maintain our valued partnerships with the communities we serve and continue to support economic development and community initiatives,” Crocker said. “We are proud of our legacy as Black Hills Power. But it is our values, relationships and expertise that make us who we are. We will proudly preserve these attributes as Black Hills Energy and further connect to our mission to improve life with energy.” Black Hills Corp. operates nine other utilities in Colorado, Iowa, Kansas, Nebraska and Wyoming. Those utilities all operate as Black Hills Energy. Black Hills Corp. is also in process of acquiring SourceGas, a natural gas utility operating in Arkansas, Colorado, Nebraska and Wyoming. The acquisition, which is subject to approval by the four state utility regulatory commissions, is expected to close in mid-2016. Black Hills announced that the utilities will conduct business as Black Hills Energy once the acquisition is approved. Black Hills Power, Inc., to operate as Black Hills Energy Black Hills Power will soon operate as Black Hills Energy. It is the legacy utility business of Black Hills Corp. (NYSE: BKH). The utility has delivered safe, reliable energy for more than 132 years and today serves 70,000 customers in 31 communities in western South...

Read More

Business Accelerator in Rapid City

Posted on Mar 30, 2015 in Press Releases |

The Blackstone Charitable Foundation has awarded the Enterprise Institute a $100,000 grant through the third annual Blackstone Innovation Grants Program. The grant is part of the $3 million Blackstone Innovation Grants Program, which targets non-profit organizations that strengthen entrepreneurial ecosystems and support high growth entrepreneurs. Read the Press Release...

Read More

Rapid City Featured in Business in Focus Magazine

Posted on Sep 14, 2014 in Articles, Press Releases |

The President of Rapid City Economic Development Partnership was recently interviewed for Business in Focus magazine, following Rapid City’s top 10 ranking in Forbes Best Small Places for Business and Careers. Please follow the links herein for the story. Business in Focus is delivered to over 363,100 subscribers every month. Written By: Benjamin Snow   Brochure Version Website Version Full Magazine see page 130....

Read More

Business in Focus Spotlight Article on Rapid City

Posted on Apr 8, 2014 in Press Releases |

Written By: Claire Suttles After failing to find gold in the surrounding Black Hills, a group of disheartened prospectors founded Rapid City in South Dakota in 1876. The men may not have struck it rich, but they left a lasting legacy; their humble settlement has grown to become the state’s second largest city – while still retaining its small town, Wild West charm. Rapid City’s traditional economic base is as robust today as the day it was founded. “Our economy here is a healthy and strong one,” says Benjamin Snow, President of Rapid City Economic Development Partnership. “Historically, the economy has really been driven by mining, agriculture, and tourism, and those industries are still thriving and doing very well today.” The community is also busy expanding its horizons, and has become home to an increasing number of diverse industries. Tourism The city of 68,000 is ideally located to draw in tourists. Best known for its close proximity to Mount Rushmore, Rapid City is also a stone’s throw from the Crazy Horse Memorial, Badlands National Park, and Wind Cave National Park. In total, the surrounding Black Hills boast seven national parks, monuments and memorials. Rapid City is considered the tourist hub for the mountain range and the gateway to its many attractions. “The Black Hills is one of the largest, most beautiful playgrounds in the world,” Mr. Snow remarks. “And the access to that playground is unbelievably good. That keeps people coming back here.” There is more to Rapid City than these famous attractions, however. “Everyone in the area capitalizes on the location of Mount Rushmore, but there are a few other real drivers of tourism traffic here.” One popular draw is the annual motorcycle rally in Sturgis, located just 30 minutes away. This international event brings in nearly half a million people from around the world each year and will be celebrating its 75th anniversary next year. The region’s rich Native American heritage also attracts tourists eager to learn more about local art and culture. The town itself is a quaint reminder of a bygone era. “We have a downtown square that on an average winter day looks like a Norman Rockwell scene,” says Mayor Sam Kooiker. Tourists enjoy shopping and dining in Rapid City’s cozy downtown, or simply strolling its streets. The area’s history is also a major attraction. “There is a lot of fascination with the old west,” Mr. Snow points out. The history of mining and settlement is particularly interesting to many people, he adds. Opportunities abound for these history buffs, from touring an old gold mine to exploring nearby Deadwood, a marvelously preserved Wild West town. ……. Link to Full Article can be found...

Read More