The approved settlement agreement will generate approximately $8.7 million of new annual revenues based on a capital structure of 52% equity, 48% debt and a return on equity of 9.75%. New rates will be effective March 1, 2023, and the approved settlement also includes a new transmission rider that will be filed annually to recover transmission investment and expenses. Black Hills Corporation Black Hills Corp. (NYSE: BKH) is a customer focused, growth-oriented utility company with a tradition of improving life with energy and a vision to be the energy partner of choice.