BNET Industries

Market Cap:$926.5M
Last Fiscal Year Sales:$1.0B
  • Public
  • US
Dow Jones Description

Holding Company; Owner of Electric Service Utility, Fuel Producers, Marketers & Transporters & Communications Services Providers

Chairman, President & CEO
David R. Emery
Number of Employees 2,122
Contact Information

625 9th St

Rapid City, South Dakota 57701-2428

www.blackhillsc...

(605) 721-1700

NAICS Code Electric Bulk Power Transmission and Control: 221121

Recent Events

  • Black Hills posts Q3'09 EPS loss of 6 cents; 2009, 2010 guidance provided

    10/30/09 - Financial Announcement - View Story

  • Ubisense Partners With Black Hills Corp. to Unify Geospatial Information Systems

    9/10/09 - Licensing / Contract - View Story

  • Short bettors race out of Alpha positions in days following Foundation deal

    8/28/09 - Financial Announcement - View Story

  • Black Hills Corp. Announces Quarterly Dividend and Schedules Second Quarter 2009...

    7/29/09 - Stock Split / Dividend - View Story

  • Black Hills appoints Perry Krush as VP, Supply Chain and Jeff Berzina as VP, Corporate...

    5/28/09 - Mgmt. Change Entering - Vice President - View Story

  • Black Hills Corp. Announces Perry Krush as Vice President, Supply Chain and Jeff Berzina as...

    5/29/09 - Mgmt. Change Entering - Vice President - View Story

News & Analysis

black hills corp. - All News and Analysis

  • Black Hills Corporation Q3 2007 Earnings Call Transcript

    Seeking Alpha - 2007-11-02

    Question-and-Answer SessionOperator Operator Instructions. And our first question will come from the line of Neil Stein from [Latin Capital]. Please go ahead. Neil Stein - Latin Capital Yes, hi, good morning. David Emery Good morning, Neil, how are you today? Neil Stein - Latin Capital Good, thanks. Few questions,...

    Tags: Black Hills Corp.

Decision Makers

Name (plus bio) Position
Linden R. Evans President & COO, Retail Business
Anthony S. Cleberg CFO & Executive Vice President
Garner M. Anderson Treasurer, Vice President & Chief Risk Officer
Scott A. Buchholz CIO & Senior Vice President
James M. Mattern Senior Vice President, Corp Admin & Compliance
Lynnette K. Wilson Senior Vice President, Comm & IR
Robert Myers Senior Vice President, HR
Steven J. Helmers General Counsel & Senior Vice President
James Williams Vice President & General Manager
Jeff Berzina Vice President, Finance
Kurt Kittleson Vice President & General Manager
Kyle D. White Vice President of Corporate Affairs
Mark Lux Vice President & Gen Manager-Regulated & Non-Regulated Generation
Perry S. Krush Controller & Vice President
Randy Winkleman Vice President-Customer Service-Utilities
Richard W. Kinzley Vice President, Strategic Planning & Dev
Roxann R. Basham Secretary & Vice President, Governance
Scott Bormaster Vice President & General Manager
Steve Pella Vice President, Natural Gas Utilities
Stuart Wevik Vice President, Retail Operations
Kim Benning Owner, Broker
Jason Ketchum Director, IR
D Newlin Stephen
J ohn B Vering
Jackie A Schad
Patty Haiar Salesperson

Board of Directors

Name (plus bio) Position
David R. Emery Chairman, President & CEO
Bruce Brundage Board of Directors
David C. Ebertz Board of Directors
Gary L. Pechota Board of Directors
Jack W. Eugster Board of Directors
John B. Vering Board of Directors
John R. Howard Board of Directors
Kay S. Jorgensen Board of Directors
Stephen D. Newlin Board of Directors
Thomas J. Zeller Board of Directors
Warren L. Robinson Board of Directors

Organization Position Status
Black Hills Power, Inc. Chairman, President & CEO Current
Black Hills Corporation Chairman, President & CEO Current
Black Hills Exploration & Production, Inc. President Current

Organization Position Status
Black Hills Corporation President & COO, Retail Business Current

Black Hills Corp. announced today the appointment of Anthony S. Cleberg as executive vice president and chief financial officer effective July 16, 2008. Cleberg is a former executive vice president and chief financial officer of two publicly traded companies: Washington Group, International, a large engineering and construction company involved in power plant construction and mining operations, and Champion Enterprises, one of the largest builders of factory-built housing. Before his CFO roles, Cleberg spent 15 years in various senior financial positions with Honeywell and eight years in public accounting at Deloitte & Touche. Since 2002, he has been an independent investor, developer and consultant with companies in Colorado and Wyoming. In addition, Cleberg is on the board of directors of CNA Surety, where he is the audit committee chairman and a member of the compensation committee. Cleberg grew up near Redfield, S.D., and graduated from the University of South Dakota, where he now serves on the board of trustees. He also completed the advanced management program at Harvard University and is a certified public accountant and a certified management accountant.

Organization Position Status
Black Hills Corporation CFO & Executive Vice President Current

Black Hills Corporation today announced that Garner M. Anderson, Vice President–Treasurer, has taken on the additional role of Chief Risk Officer of the Company. Mr. Anderson is an eighteen-year veteran of Black Hills Corporation. During his tenure, he has advanced through numerous positions of responsibility and authority, including internal audit, pension administration, risk management, insurance, financial management, and supervision of debt offerings and credit facilities. As Treasurer and Chief Risk Officer, Anderson oversees corporate enterprise risk assessment and mitigation, including both financial and operational aspects. Anderson holds a B.S. in Business Administration from the University of South Dakota and an M.B.A. in Finance from Arizona State University, and is a Certified Public Accountant. Anderson replaces Russell L. Cohen, who left the Company. Black Hills Corporation is a diversified energy company. Our retail businesses are Black Hills Power, an electric utility serving western South Dakota, northeastern Wyoming and southeastern Montana; and Cheyenne Light, Fuel & Power, an electric and gas distribution utility serving the Cheyenne, Wyoming vicinity. Black Hills Energy, the wholesale energy business unit, generates electricity, produces natural gas, oil and coal, and markets energy.

Organization Position Status
Black Hills Corporation Treasurer, Vice President & Chief Risk Officer Current

RAPID CITY, S.D., July 11, 2008 — Black Hills Corp. (NYSE:BKH) announced today the appointment of Scott Buchholz as senior vice president - chief information officer and Lynn Wilson as senior vice president - communications and investor relations. Both will begin their new roles at the close of Black Hills’ acquisition of Aquila’s natural gas and electric utility properties in Colorado, Iowa, Kansas and Nebraska. Before coming to Black Hills, Buchholz was Aquila Inc.’s vice president of information technology and had been with Aquila for 28 years. Along with other information technology roles, he has been trained as a Six Sigma black belt. He holds a bachelor’s degree in business administration from Bellevue University and has an M.B.A. from Rockhurst University. His responsibilities for Black Hills include business applications, hardware/software infrastructure, information technology operations, information security, voice/data communications and data base management.

Organization Position Status
Black Hills Corporation CIO & Senior Vice President Current

Organization Position Status
Black Hills Corporation Senior Vice President, Corp Admin & Compliance Current
The University of Idaho Utility Executive Course (Uec) Board of Directors Current

Organization Position Status
Black Hills Corporation Senior Vice President, Comm & IR Current

RAPID CITY, S.D., January 5, 2009 — Black Hills Corp. (NYSE: BKH) today announced the selection of Robert A. Myers for the position of senior vice president of human resources effective immediately. Myers has been serving as the company’s interim human resources executive since June 2008. Myers has been a partner with the human resources consulting firm Strategic Talent Solutions and has been supporting Black Hills with the Aquila integration efforts for nearly 20 months. He has served in key human resources leadership roles during his 28 years of experience with organizations such as PepsiCo, Target Corporation, Limitedbrands Inc., BankBoston, Metromedia, Reebok International and Devon Energy. During the course of his career, he has served as the chief human resources officer for three different companies, including two Fortune 250 organizations. Myers earned a bachelor of science degree, magna cum laude in psychology, from the University of Nebraska at Omaha and a masters degree in industrial/organizational psychology from the University of Nebraska.

Organization Position Status
Black Hills Corporation Senior Vice President, HR Current

Organization Position Status
Black Hills Corporation General Counsel & Senior Vice President Current

Organization Position Status
Black Hills Corporation Vice President & General Manager Current

RAPID CITY, S.D., November 4, 2008 — Black Hills Corp. (NYSE: BKH) today announced the promotion of Jeff Berzina to the position of vice president of finance effective immediately. Berzina is a University of South Dakota graduate and a Certified Public Accountant. Prior to joining the company in 2000, he worked for six years in public accounting with Ketel Thorstenson in Rapid City.

Organization Position Status
Black Hills Corporation Vice President, Finance Current

Organization Position Status
Black Hills Corporation Vice President & General Manager Current

Organization Position Status
Black Hills Corporation Vice President of Corporate Affairs Current
South Dakota Energy Infrastructure Authority Board of Directors Current
The Industry Inc Board Member Current
Western Business Roundtable Chairman Former
University of South Dakota M.S. In Business Administration Former
South Dakota Energy Infrastructure Authority M.S. In Business Administration Former
South Dakota Energy Infrastructure Authority B.S. Former
University of South Dakota B.S. Former

Organization Position Status
Black Hills Corporation Vice President & Gen Manager-Regulated & Non-Regulated Generation Current

Organization Position Status
Black Hills Corporation Controller & Vice President Current

Organization Position Status
Black Hills Corporation Vice President-Customer Service-Utilities Current

RAPID CITY, S.D., September 25, 2008 — Black Hills Corp. (NYSE: BKH) today announced the promotion of Richard W. Kinzley to the position of vice president, strategic planning and development effective immediately. Kinzley replaces Maurice T. Klefeker, who resigned in August to pursue other interests. Kinzley is a University of South Dakota graduate and a certified public accountant. Prior to joining the company in 1999, he worked for nine years in public accounting with KPMG in Omaha, Neb., and Ketel Thorstenson in Rapid City and spent two years with Sodak Gaming in Rapid City.

Organization Position Status
Black Hills Corporation Vice President, Strategic Planning & Dev Current

Organization Position Status
Black Hills Corporation Secretary & Vice President, Governance Current
Black Hills Power, Inc. Controller & Vice President Former

Organization Position Status
Black Hills Corporation Vice President & General Manager Current

Organization Position Status
Black Hills Corporation Vice President, Natural Gas Utilities Current

Organization Position Status
Black Hills Corporation Vice President, Retail Operations Current
Black Hills Power, Inc. Vice President & General Manager Former

Kim Benning has been a Hill City resident and business owner since 1990. He joined the staff of Central Hills Real Estate at its inception in 1996 and became Owner/Broker in 2002. Kim was born and raised in South Dakota. He graduated from high school and received two college degrees from South Dakota schools. Kim has been involved in all aspects of real estate listing and sales in the area.

Organization Position Status
Black Hills Corporation Owner, Broker Current

Black Hills Corp. (NYSE:BKH) today announced the appointment of Jason Ketchum as director of investor relations. Before coming to Black Hills, Ketchum was Aquila Inc.’s manager of investor relations, and during his six years at Aquila, he held various positions within the energy marketing and corporate divisions including senior manager of e-business, weather risk management business development manager and senior issues strategist analyst in the office of the chief executive officer. He earned a bachelor’s degree in history from the University of Missouri and an M.B.A. in finance from the University of Phoenix. In his investor relations role at Black Hills Corp., Ketchum will be responsible for interactions with market analysts, investors and other financial stakeholders. He will begin his new role at the close of Black Hills’ acquisition of Aquila’s natural gas and electric utility properties in Colorado, Iowa, Kansas and Nebraska. He will report to Lynn Wilson, senior vice president of communications and investor relations, who will also assume her new role at the close of the Aquila transaction.

Organization Position Status
Black Hills Corporation Director, IR Current

Organization Position Status
Black Hills Corporation Current

Organization Position Status
Black Hills Corporation Current

Organization Position Status
South Dakota Paralegal Association, Inc. Second Vice President Current
Black Hills Corporation Current
South Dakota Paralegal Association, Inc. Board of Directors Current
University of South Dakota Bachelor of Science Degree Former
South Dakota Paralegal Association, Inc. Bachelor of Science Degree Former

Patty has lived in South Dakota all of her life. She graduated from Mitchell Senior High and went to college at Northern in Aberdeen. Patty Haiar has been in the real esate business since 1992 when she obtained her salesperson's license. She worked for an office in Mitchell under another broker until 2000 when she received her broker's license and opened her own office in Mitchell. Now starts a new chapter in her real estate adventure here in Hill City, SD. Real estate is her passion and she is looking forward to serving many clients in the Black Hills market.

Organization Position Status
Black Hills Corporation Salesperson Current

Organization Position Status
Black Hills Corporation Board of Directors Current

David C. Ebertz, age 63, is President of Dave Ebertz Risk Management Consulting, a firm specializing in insurance and risk management services for schools and public entities, since 2000. He has previous experience in the insurance industry. Mr. Ebertz has served on our Board of Directors since 1998.

Organization Position Status
Black Hills Corporation Board of Directors Current

Gary L. Pechota, age 59, is President and Chief Executive Officer of DT-TRAK Consulting, Inc., a medical billing services company, since December 2007. He was retired from 2005 to 2007. Prior to that he was Former Chief of Staff of the National Indian Gaming Commission from 2003 to 2005. He was a private investor and consultant from 2001 until 2003. Prior to that, he held executive positions in the cement industry and positions in finance and accounting. Mr. Pechota was elected to the Board of Directors in 2007.

Organization Position Status
Black Hills Corporation Board of Directors Current

Jack W. Eugster, age 63, retired, was Chairman, Chief Executive Officer and President of Musicland Stores, Inc. from 1980 until his retirement in 2001. He was Non-Executive Chairman of Shopko Stores, Inc. a general merchandise discount store chain from 2001 to 2005. Mr. Eugster was elected to the Board of Directors in 2004 and currently chairs the Compensation Committee.

Organization Position Status
Black Hills Corporation Board of Directors Current
Golf Galaxy Inc. Board of Directors Current
Black Hills Corporation Director Former

John B. Vering, age 59, is Managing Director of Lone Mountain Investments, Inc., agricultural and oil and gas investments, since 2002. He co-founded PMT Energy, LLC, a natural gas and exploration company focused on the Appalachia Basin in 2003. Mr. Vering was elected to the Board of Directors in 2005.

Organization Position Status
Black Hills Corporation Board of Directors Current

John R. Howard, age 68, retired, was President of Industrial Products, Inc., which provided equipment and supplies to the mining and manufacturing industries, from 1992 to 2003 and was Special Projects Manager for Linweld, Inc. Mr. Howard was elected to the Board of Directors in 1977 and currently chairs the Governance Committee.

Organization Position Status
Black Hills Corporation Board of Directors Current
Black Hills Energy Resources, Inc. Board of Directors Current
Industrial Products Co., LLC President Former
Linweld, Inc. Special Projects Manager Former

Kay S. Jorgensen, age 58, is involved in numerous business activities and is Owner and Chief Executive Officer of KSJ Enterprises, LLC, providing marketing and development services since 2006. She was Former Owner and Chief Executive Officer of Jorgensen-Thompson Creative Broadcast Services, Inc., a radio broadcast services company, from 1997 to 2005. She previously served in the South Dakota State Legislature and on various state and local boards and commissions. Ms. Jorgensen has served on the Board of Directors since 1992 and currently serves as Presiding Director.

Organization Position Status
Black Hills Corporation Board of Directors Current

Chairman, President and Chief Executive Officer of PolyOne since February 2006. Mr. Newlin served as President - Industrial Sector of Ecolab, Inc., a global developer and marketer of cleaning and sanitizing specialty chemicals, products and services from 2003-2006. Mr. Newlin served as President and a director of Nalco Chemical Company, a manufacturer of specialty chemicals, services and systems, from 1998-2001 and was Chief Operating Officer and Vice Chairman from 2000-2001. Mr. Newlin serves on the Boards of Directors of Black Hills Corporation and The Valspar Corporation.

Organization Position Status
PolyOne Corporation Chief Executive Officer Current
PolyOne Corporation President Current
PolyOne Corporation Chairman Current
Black Hills Energy Resources, Inc. Board of Directors Current
Black Hills Corporation Board of Directors Current
The Valspar Corporation Board of Directors Current
Ecolab Inc. President , Industrial Sector Former

Organization Position Status
Black Hills Energy Resources, Inc. President of Respec Current
Respec President Current
Black Hills Energy Resources, Inc. Chairperson Current
Black Hills Energy Resources, Inc. Board of Directors Current
Black Hills Corporation Board of Directors Current

Warren L. Robinson, age 58, retired, was Executive Vice President, Treasurer and Chief Financial Officer of MDU Resources Group, Inc., a diversified energy and resources company, from 1992 until his retirement in January 2006. Mr. Robinson was elected to the Board of Directors in 2007.

Organization Position Status
Black Hills Corporation Board of Directors Current

Executive News

  • PolyOne to Present at the Upcoming Credit Suisse 22nd Annual Chemical and AG Science Conference

    Forbes.com - 9/03/09 - View Story

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    PR Newswire - 9/03/09 - View Story

  • PolyOne to Participate in the Upcoming KeyBanc Capital Markets Basic Materials and...

    Reuters - 9/01/09 - View Story

  • PolyOne to Participate in the Upcoming KeyBanc Capital Markets Basic Materials and Packaging Conference

    PR Newswire - 9/01/09 - View Story

  • PolyOne Books 2Q Results

    TradingMarkets - 8/12/09 - View Story

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     BKH $23.84 +0.30 (1.27% )
Average Volume 298,307
Shares Outstanding 38.87M
Market Cap 926.6M
Year High 27.84
Year Low 14.54
Earnings Per Share -1.33
P/E Ratio -17.92
Dividend 1.42
Yield 5.96
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