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FERC FINANCIAL REPORT
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This report is mandatory under the Public Utility Holding Company Act of 2005, Section 1270,
Section 309 of the Federal Power Act and 18 C.F.R. § 366.23. Failure to report may result in
criminal fines, civil penalties, and other sanctions as provided by law. The Federal Energy
Regulatory Commission does not consider this report to be of a confidential nature.
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Exact Legal Name of Respondent (Company) |
Year/Period of Report: End of: |
FERC FORM NO.
REPORT OF CENTRALIZED SERVICE COMPANIES |
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Identification |
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01 Exact Legal Name of Respondent
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02 Year / Period of Report
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03 Previous Name (if name changed during the year)
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04 Date of Name Change
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05 Address of Principal Office at End of Year (Street, City, State, Zip Code)
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06 Name of Contact Person
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07 Title of Contact Person
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08 Address of Contact Person
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09 Telephone Number of Contact Person
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10 E-mail Address of Contact Person
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11 This Report is An Original / A Resubmission (1) ☑ An Original (2) ☐ A Resubmission |
12 Resubmission Date (Month, Day, Year) |
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13 Date of Incorporation
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14 If Not Incorporated, Date of Organization
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15 State or Sovereign Power Under Which Incorporated or Organized
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16 Name of Principal Holding Company Under Which Reporting Company is Organized:
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CORPORATE OFFICER CERTIFICATION | ||||
The undersigned officer certifies that: I have examined this report and to the best of my knowledge, information, and belief all statements of fact contained in this report are correct statements of the business affairs of the respondent and the financial statements, and other financial information contained in this report, conform in all material respects to the Uniform System of Accounts. | ||||
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19 Signature of Signing Officer
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20 Date Signed (Month, Day, Year)
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Name of Respondent: |
This Report Is: (1) ☑ An Original (2) ☐ A Resubmission |
Resubmission Date
(Mo, Da, Yr) |
Year/Period of Report: End of: |
List of Schedules |
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Line No. |
Description (a) |
Page Reference (b) |
Remarks (c) |
1 |
ScheduleComparativeBalanceSheetAbstract Schedule I - Comparative Balance Sheet |
101 | |
2 |
ScheduleServiceCompanyPropertyAbstract Schedule II - Service Company Property |
103 | |
3 |
ScheduleAccumulatedProvisionForDepreciationAndAmortizationOfServiceCompanyPropertyAbstract Schedule III - Accumulated Provision for Depreciation and Amortization of Service Company Property |
104 | |
4 |
ScheduleInvestmentsAbstract Schedule IV - Investments |
105 | |
4.1 |
ScheduleOtherInvestmentsAbstract Schedule IV - Investments - Other Investments |
105 | |
4.2 |
ScheduleOtherSpecialFundsAbstract Schedule IV - Investments - Other Special Funds |
105 | |
4.3 |
ScheduleTemporaryCashInvestmentsAbstract Schedule IV - Investments - Temporary Cash Investments |
105 | |
5 |
ScheduleAccountsReceivableFromAssociateCompaniesAbstract Schedule V - Accounts Receivable from Associate Companies |
106 | |
6 |
ScheduleFuelStockExpensesUndistributedAbstract Schedule VI - Fuel Stock Expenses Undistributed |
107 |
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7 |
ScheduleStoresExpenseUndistributedAbstract Schedule VII - Stores Expense Undistributed |
108 |
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8 |
ScheduleMiscellaneousCurrentAndAccruedAssetsAbstract Schedule VIII - Miscellaneous Current and Accrued Assets |
109 |
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9 |
ScheduleMiscellaneousDeferredDebitsAbstract Schedule IX - Miscellaneous Deferred Debits |
110 | |
10 |
ScheduleResearchDevelopmentOrDemonstrationExpendituresAbstract Schedule X - Research, Development, or Demonstration Expenditures |
111 |
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11 |
ScheduleProprietaryCapitalAbstract Schedule XI - Proprietary Capital |
201 | |
12 |
ScheduleLongTermDebtAbstract Schedule XII - Long-Term Debt |
202 |
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13 |
ScheduleCurrentAndAccruedLiabilitiesAbstract Schedule XIII - Current and Accrued Liabilities |
203 | |
14 |
ScheduleNotesToFinancialStatementsAbstract Schedule XIV - Notes to Financial Statements |
204 | |
15 |
ScheduleStatementOfIncomeAbstract Schedule XV - Comparative Income Statement |
301 | |
16 |
ScheduleAnalysisOfChargesForServiceAssociateAndNonAssociateCompaniesAbstract Schedule XVI - Analysis of Charges for Service - Associate and Nonassociate Companies |
303 | |
17 |
ScheduleAnalysisOfBillingAssociateCompaniesAbstract Schedule XVII - Analysis of Billing - Associate Companies (Account 457) |
307 | |
18 |
ScheduleAnalysisOfBillingNonAssociateCompaniesAbstract Schedule XVIII - Analysis of Billing - Non-Associate Companies (Account 458) |
308 |
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21 |
ScheduleMiscellaneousGeneralExpensesAbstract Schedule XIX - Miscellaneous General Expenses - Account 930.2 |
309 | |
23 |
ScheduleOrganizationChartAbstract Schedule XX - Organization Chart |
401 | |
24 |
ScheduleMethodsOfAllocationAbstract Schedule XXI - Methods of Allocation |
402 |
Name of Respondent: |
This Report Is: (1) ☑ An Original (2) ☐ A Resubmission |
Resubmission Date
(Mo, Da, Yr) |
Year/Period of Report: End of: |
Schedule I - Comparative Balance Sheet |
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Line No. |
Account Number (a) |
Description (b) |
Reference Page No. (c) |
As of Dec 31 Current (d) |
As of Dec 31 Prior (e) |
1 |
ServiceCompanyPropertyAbstract Service Company Property |
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2 |
101 |
ServiceCompanyPropertyGross Service Company Property |
103 |
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3 |
101.1 |
PropertyUnderCapitalLeases Property Under Capital Leases |
103 |
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4 |
106 |
CompletedConstructionNotClassified Completed Construction Not Classified |
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5 |
107 |
ConstructionWorkInProgress Construction Work In Progress |
103 |
(c) |
(l) |
6 |
Property Total Property (Total Of Lines 2-5) |
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7 |
108 |
AccumulatedProvisionforDepreciationofServiceCompanyProperty Less: Accumulated Provision for Depreciation of Service Company Property |
104 |
(d) |
(m) |
8 |
111 |
AccumulatedProvisionforAmortizationofServiceCompanyProperty Less: Accumulated Provision for Amortization of Service Company Property |
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9 |
ServiceCompanyPropertyNet Net Service Company Property (Total of Lines 6-8) |
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10 |
InvestmentsAbstract Investments |
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11 |
123 |
InvestmentInAssociateCompanies Investment In Associate Companies |
105 |
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12 |
124 |
OtherInvestments Other Investments |
105 |
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13 |
128 |
OtherSpecialFunds Other Special Funds |
105 |
(e) |
(n) |
14 |
Investments Total Investments (Total of Lines 11-13) |
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15 |
CurrentAndAccruedAssetsAbstract Current And Accrued Assets |
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16 |
131 |
Cash Cash |
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17 |
134 |
OtherSpecialDeposits Other Special Deposits |
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18 |
135 |
WorkingFunds Working Funds |
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19 |
136 |
TemporaryCashInvestments Temporary Cash Investments |
105 |
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20 |
141 |
NotesReceivable Notes Receivable |
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21 |
142 |
CustomerAccountsReceivable Customer Accounts Receivable |
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22 |
143 |
OtherAccountsReceivable Accounts Receivable |
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23 |
144 |
AccumulatedProvisionForUncollectibleAccountsCredit Less: Accumulated Provision for Uncollectible Accounts |
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23.1 |
145 |
NotesReceivableFromAssociatedCompanies Notes Receivable From Associate Companies |
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24 |
146 |
AccountsReceivableFromAssociateCompanies Accounts Receivable From Associate Companies |
106 |
(f) |
(o) |
25 |
152 |
FuelStockExpensesUndistributed Fuel Stock Expenses Undistributed |
107 |
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26 |
154 |
MaterialsAndOperatingSupplies Materials And Supplies |
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27 |
163 |
StoresExpenseUndistributed Stores Expense Undistributed |
108 |
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28 |
165 |
Prepayments Prepayments |
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29 |
171 |
InterestAndDividendsReceivable Interest And Dividends Receivable |
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30 |
172 |
RentsReceivable Rents Receivable |
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31 |
173 |
AccruedRevenues Accrued Revenues |
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32 |
174 |
MiscellaneousCurrentAndAccruedAssets Miscellaneous Current and Accrued Assets |
109 |
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33 |
175 |
DerivativeInstrumentAssets Derivative Instrument Assets |
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34 |
176 |
DerivativeInstrumentAssetsHedges Derivative Instrument Assets - Hedges |
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35 |
CurrentandAccruedAssets Total Current and Accrued Assets (Total of Lines 16-34) |
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36 |
DeferredDebitsAbstract Deferred Debits |
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37 |
181 |
UnamortizedDebtExpense Unamortized Debt Expense |
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38 |
182.3 |
OtherRegulatoryAssets Other Regulatory Assets |
(g) |
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39 |
183 |
PreliminarySurveyAndInvestigationCharges Preliminary Survey And Investigation Charges |
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40 |
184 |
ClearingAccounts Clearing Accounts |
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41 |
185 |
TemporaryFacilities Temporary Facilities |
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42 |
186 |
MiscellaneousDeferredDebits Miscellaneous Deferred Debits |
110 |
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43 |
188 |
ResearchDevelopmentOrDemonstrationExpenditures Research, Development, or Demonstration Expenditures |
111 |
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44 |
189 |
UnamortizedLossOnReacquiredDebt Unamortized Loss on Reacquired Debt |
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45 |
190 |
AccumulatedDeferredIncomeTaxes Accumulated Deferred Income Taxes |
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46 |
DeferredDebits Total Deferred Debits (Total of Lines 37-45) |
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47 |
AssetsAndOtherDebits TOTAL ASSETS AND OTHER DEBITS (TOTAL OF LINES 9, 14, 35 and 46) |
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48 |
ProprietaryCapitalAbstract Proprietary Capital |
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49 |
201 |
CommonStockIssued Common Stock Issued |
201 |
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50 |
204 |
PreferredStockIssued Preferred Stock Issued |
201 |
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51 |
211 |
MiscellaneousPaidInCapital Miscellaneous Paid-In-Capital |
201 |
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52 |
215 |
AppropriatedRetainedEarnings Appropriated Retained Earnings |
201 |
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53 |
216 |
UnappropriatedRetainedEarnings Unappropriated Retained Earnings |
201 |
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54 |
219 |
AccumulatedOtherComprehensiveIncome Accumulated Other Comprehensive Income |
201 |
(h) |
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55 |
ProprietaryCapital Total Proprietary Capital (Total of Lines 49-54) |
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56 |
LongTermDebtAbstract Long-Term Debt |
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57 |
223 |
AdvancesFromAssociateCompanies Advances From Associate Companies |
202 |
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58 |
224 |
OtherLongTermDebt Other Long-Term Debt |
202 |
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59 |
225 |
UnamortizedPremiumonLongTermDebt Unamortized Premium on Long-Term Debt |
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60 |
226 |
UnamortizedDiscountonLongTermDebtDebit Less: Unamortized Discount on Long-Term Debt-Debit |
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61 |
LongTermDebt Total Long-Term Debt (Total of Lines 57-60) |
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62 |
OtherNoncurrentLiabilitiesAbstract Other Non-current Liabilities |
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63 |
227 |
ObligationsUnderCapitalLeaseNoncurrent Obligations Under Capital Leases-Non-current |
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64 |
228.2 |
AccumulatedProvisionForInjuriesAndDamages Accumulated Provision for Injuries and Damages |
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65 |
228.3 |
AccumulatedProvisionForPensionsandBenefits Accumulated Provision For Pensions and Benefits |
(i) |
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66 |
230 |
AssetRetirementObligations Asset Retirement Obligations |
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67 |
OtherNoncurrentLiabilities Total Other Non-current Liabilities (Total of Lines 63-66) |
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68 |
CurrentandAccruedLiabilitiesAbstract Current and Accrued Liabilities |
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69 |
231 |
NotesPayable Notes Payable |
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70 |
232 |
AccountsPayable Accounts Payable |
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71 |
233 |
NotesPayableToAssociateCompanies Notes Payable to Associate Companies |
203 |
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72 |
234 |
AccountsPayableToAssociateCompanies Accounts Payable to Associate Companies |
203 |
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73 |
236 |
TaxesAccrued Taxes Accrued |
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74 |
237 |
InterestAccrued Interest Accrued |
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75 |
241 |
TaxCollectionsPayable Tax Collections Payable |
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76 |
242 |
MiscellaneousCurrentAndAccruedLiabilities Miscellaneous Current and Accrued Liabilities |
203 |
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77 |
243 |
ObligationsUnderCapitalLeasesCurrent Obligations Under Capital Leases - Current |
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78 |
244 |
DerivativeInstrumentLiabilities Derivative Instrument Liabilities |
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79 |
245 |
DerivativeInstrumentLiabilitiesHedges Derivative Instrument Liabilities - Hedges |
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80 |
CurrentAndAccruedLiabilities Total Current and Accrued Liabilities (Total of Lines 69-79) |
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81 |
DeferredCreditsAbstract Deferred Credits |
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82 |
253 |
OtherDeferredCredits Other Deferred Credits |
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83 |
254 |
OtherRegulatoryLiabilities Other Regulatory Liabilities |
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84 |
255 |
AccumulatedDeferredInvestmentTaxCredits Accumulated Deferred Investment Tax Credits |
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85 |
257 |
UnamortizedGainOnReacquiredDebt Unamortized Gain on Reacquired Debt |
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86 |
282 |
AccumulatedDeferredIncomeTaxesOtherProperty Accumulated deferred income taxes-Other property |
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87 |
283 |
AccumulatedDeferredIncomeTaxesOther Accumulated deferred income taxes-Other |
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88 |
DeferredCredits Total Deferred Credits (Total of Lines 82-87) |
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89 |
LiabilitiesAndProprietaryCapital TOTAL LIABILITIES AND PROPRIETARY CAPITAL (TOTAL OF LINES 55, 61, 67, 80, AND 88) |
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FOOTNOTE DATA |
(a) Concept: ServiceCompanyPropertyGross |
Service Company Property is allocated monthy to subsidiaries. |
(b) Concept: CompletedConstructionNotClassified |
Service Company Property is allocated monthly to subsidiaries. |
(c) Concept: ConstructionWorkInProgress |
Construction Work in Progress is not allocated. |
(d) Concept: AccumulatedProvisionforDepreciationofServiceCompanyProperty |
Service Company Accumulated Provision is allocated monthly to subsidiaries. Retirement Work in Progress is not allocated. |
(e) Concept: OtherSpecialFunds |
PEP Insurance Cash Surrender Values. |
(f) Concept: AccountsReceivableFromAssociateCompanies |
Service Company Property (lines 2 & 4) and Accumulated Provision for Depreciation (line 7) are allocated to the subsidiaries. The associated receivable from the allocation is included in account 146. |
(g) Concept: OtherRegulatoryAssets |
Account balances for Black Hills Utility Holdings, Inc.’s benefit plans were moved to Black Hills Service Company, LLC as of 12.31.18 as a result of the annual actuarial valuation process each year end. Effective 1.1.19 the service company functions of Black Hills Utility Holdings, Inc. were merged into Black Hills Service Company, LLC. |
(h) Concept: AccumulatedOtherComprehensiveIncome |
Amounts related to pension and benefit plans that are recoverable through rates were transferred to account 182.3 at 12.31.18. |
(i) Concept: AccumulatedProvisionForPensionsandBenefits |
Account balances for Black Hills Utility Holdings, Inc.’s benefit plans were moved to Black Hills Service Company, LLC as of 12.31.18 as a result of the annual actuarial valuation process each year end. Effective 1.1.19 the service company functions of Black Hills Utility Holdings, Inc. were merged into Black Hills Service Company, LLC. |
(j) Concept: ServiceCompanyPropertyGross |
Service Company Property is allocated monthly to subsidiaries. |
(k) Concept: CompletedConstructionNotClassified |
Service Company Property is allocated monthly to subsidiaries. |
(l) Concept: ConstructionWorkInProgress |
Construction Work in Progress is not allocated. |
(m) Concept: AccumulatedProvisionforDepreciationofServiceCompanyProperty |
Service Company Accumulated Provision is allocated monthly to subsidiaries. Retirement Work in Progress is not allocated. |
(n) Concept: OtherSpecialFunds |
PEP Insurance Cash Surrender Values. |
(o) Concept: AccountsReceivableFromAssociateCompanies |
Service Company Property (lines 2 & 4) and Accumulated Provision for Depreciation (line 7) are allocated to the subsidiaries. The associated receivable from the allocation is included in account 146. |
Name of Respondent: |
This Report Is: (1) ☑ An Original (2) ☐ A Resubmission |
Resubmission Date
(Mo, Da, Yr) |
Year/Period of Report: End of: |
Schedule II - Service Company Property |
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Line No. |
Account # (a) |
Title of Account (b) |
Balance at Beginning of Year (c) |
Additions (d) |
Retirements or Sales (e) |
Other Changes (f) |
Balance at End of Year (g) |
1 |
301 |
Organization |
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2 |
303 |
Miscellaneous Intangible Plant |
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3 |
306 |
Leasehold Improvements |
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4 |
389 |
Land and Land Rights |
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5 |
390 |
Structures and Improvements |
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6 |
391 |
Office Furniture and Equipment |
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7 |
392 |
Transportation Equipment |
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8 |
393 |
Stores Equipment |
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9 |
394 |
Tools, Shop and Garage Equipment |
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10 |
395 |
Laboratory Equipment |
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11 |
396 |
Power Operated Equipment |
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12 |
397 |
Communications Equipment |
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13 |
398 |
Miscellaneous Equipment |
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14 |
399 |
Other Tangible Property |
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15 |
399.1 |
Asset Retirement Costs |
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16 |
Total Service Company Property (Total
of Lines 1-15) |
(a) |
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(b) |
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17 |
107 |
Construction Work in Progress: |
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18 | |||||||
19 | |||||||
20 | |||||||
21 | |||||||
31 |
Total Account 107 (Total of Lines 18-30) |
(c) |
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(d) |
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32 |
Total (Lines 16 and Line 31) |
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FOOTNOTE DATA |
(a) Concept: ServiceCompanyPropertyBalance |
The true property beginning balance is zero. The beginning balance activity in column C is the reversal of the entry which allocated all property at 12/31/17. Presented in this format to show the flow of activity and the amount of property that is allocated by Service Company. |
(b) Concept: ServiceCompanyPropertyAdjustments |
Includes the allocation of Service Company Property, which is allocated monthly to subsidiaries, and miscellaneous adjustments. |
(c) Concept: ConstructionWorkInProgress |
Construction Work in Progress is not allocated. |
(d) Concept: ConstructionWorkInProgress |
Construction Work in Progress is not allocated. |
Name of Respondent: |
This Report Is: (1) ☑ An Original (2) ☐ A Resubmission |
Resubmission Date
(Mo, Da, Yr) |
Year/Period of Report: End of: |
Schedule III - Accumulated Provision for Depreciation and Amortization of Service Company Property |
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Line No. |
Account Number (a) |
Description (b) |
Balance at Beginning of Year (c) |
Additions Charged To Account 403-403.1 404-405 (d) |
Retirements (e) |
Other Changes Additions (Deductions) (f) |
Balance at Close of Year (g) |
1 |
301 |
Organization |
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2 |
303 |
Miscellaneous Intangible Plant |
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3 |
306 |
Leasehold Improvements |
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4 |
389 |
Land and Land Rights |
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5 |
390 |
Structures and Improvements |
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6 |
391 |
Office Furniture and Equipment |
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7 |
392 |
Transportation Equipment |
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8 |
393 |
Stores Equipment |
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9 |
394 |
Tools, Shop and Garage Equipment |
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10 |
395 |
Laboratory Equipment |
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11 |
396 |
Power Operated Equipment |
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12 |
397 |
Communications Equipment |
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13 |
398 |
Miscellaneous Equipment |
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14 |
399 |
Other Tangible Property |
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15 |
399.1 |
Asset Retirement Costs |
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16 |
Total |
(a) |
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(b) |
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FOOTNOTE DATA |
(a) Concept: AccumulatedProvisionForDepreciationAndAmortizationServiceCompanyProperty |
The true Accumulated Provision beginning balance is zero, with the exception of Retirement Work in Progress. The beginning balance activity in column C is the reversal of the entry which allocated all Accumulated Provisions at 12/31/17. Presented in this format to show the flow of activity and the amount of Accumulated Provision that is allocated by Service Company. |
(b) Concept: AccumulatedProvisionForDepreciationAndAmortizationServiceCompanyPropertyAdjustments |
Includes the allocation of Service Company's Accumulated Provision, which is allocated to subsidiaries on a monthly basis, and miscellaneous adjustments. |
Name of Respondent: |
This Report Is: (1) ☑ An Original (2) ☐ A Resubmission |
Resubmission Date
(Mo, Da, Yr) |
Year/Period of Report: End of: |
Schedule IV - Investments |
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Line No. |
Account Number (a) |
Title of Account (b) |
Balance at Beginning of Year (c) |
Balance at Close of Year (d) |
1 |
123 |
Investment In Associate Companies |
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2 |
124 |
Other Investments |
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3 |
128 |
Other Special Funds |
(a) |
(b) |
4 |
136 |
Balance at close of year |
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5 |
(Total of Line 1-4) |
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Name of Respondent: |
This Report Is: (1) ☑ An Original (2) ☐ A Resubmission |
Resubmission Date
(Mo, Da, Yr) |
Year/Period of Report: End of: |
Schedule IV - Investments - Other Investments |
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Line No. |
Investment Description (a) |
Name of Issuing Company (b) |
Number of Shares Held (c) |
Principal Investment Amount (d) |
1 | ||||
2 | ||||
3 | ||||
4 | ||||
5 | ||||
6 | ||||
7 | ||||
8 | ||||
9 | ||||
10 | ||||
11 | ||||
12 | ||||
13 | ||||
14 | ||||
15 | ||||
16 | ||||
17 | ||||
18 | ||||
19 | ||||
20 |
Name of Respondent: |
This Report Is: (1) ☑ An Original (2) ☐ A Resubmission |
Resubmission Date
(Mo, Da, Yr) |
Year/Period of Report: End of: |
Schedule IV - Investments - Other Special Funds |
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Line No. |
Investment Description (a) |
Name of Issuing Company (b) |
Number of Shares Held (c) |
Principal Investment Amount (d) |
1 | ||||
2 | ||||
3 | ||||
4 | ||||
5 | ||||
6 | ||||
7 | ||||
8 | ||||
9 | ||||
10 | ||||
11 | ||||
12 | ||||
13 | ||||
14 | ||||
15 | ||||
16 | ||||
17 | ||||
18 | ||||
19 | ||||
20 |
Name of Respondent: |
This Report Is: (1) ☑ An Original (2) ☐ A Resubmission |
Resubmission Date
(Mo, Da, Yr) |
Year/Period of Report: End of: |
Schedule IV - Investments - Temporary Cash Investments |
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Line No. |
Investment Description (a) |
Balance at Close of
Year (b) |
1 | ||
2 | ||
3 | ||
4 | ||
5 | ||
6 | ||
7 | ||
8 | ||
9 | ||
10 | ||
11 | ||
12 | ||
13 | ||
14 | ||
15 | ||
16 | ||
17 | ||
18 | ||
19 | ||
20 |
Name of Respondent: |
This Report Is: (1) ☑ An Original (2) ☐ A Resubmission |
Resubmission Date
(Mo, Da, Yr) |
Year/Period of Report: End of: |
Schedule V - Accounts Receivable from Associate Companies |
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Line No. |
Account Number (a) |
AssociateCompanyName Title of Account (b) |
AccountsReceivableFromAssociateCompanies Balance at Beginning of Year (c) |
AccountsReceivableFromAssociateCompanies Balance at Close of Year (d) |
PaymentsFromAssociateCompanies Total Accommodation or Convenience Payments (e) |
1 |
146 |
Accounts Receivable From Associate Companies |
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2 |
Associate Company: |
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3 |
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4 |
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5 |
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6 |
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7 |
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8 |
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9 |
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10 |
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11 |
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12 |
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13 |
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14 |
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15 |
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16 |
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17 |
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18 |
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19 |
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20 |
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21 |
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22 |
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23 |
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24 |
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25 |
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26 |
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27 |
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28 |
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||
29 |
|
|
|
||
30 |
|
||||
31 |
|
|
|||
32 |
|
||||
33 |
|
||||
34 |
|
|
|
||
40 |
Total |
(a) |
(b) |
FOOTNOTE DATA |
(a) Concept: AccountsReceivableFromAssociateCompanies |
Service Company Property (lines 2 & 4) and Accumulated Provision for Depreciation (line 7) are allocated to the subsidiaries. The associated receivable from the allocation is included in account 146. |
(b) Concept: AccountsReceivableFromAssociateCompanies |
Service Company Property (lines 2 & 4) and Accumulated Provision for Depreciation (line 7) are allocated to the subsidiaries. The associated receivable from the allocation is included in account 146. |
Name of Respondent: |
This Report Is: (1) ☑ An Original (2) ☐ A Resubmission |
Resubmission Date
(Mo, Da, Yr) |
Year/Period of Report: End of: |
Schedule VI - Fuel Stock Expenses Undistributed |
|||||
|
|||||
Line No. |
Account Number (a) |
Title of Account (b) |
FuelStockExpensesUndistributedLabor Labor (c) |
FuelStockExpensesUndistributedExpenses Expenses (d) |
FuelStockExpensesUndistributed Total (e) |
1 |
152 |
Fuel Stock Expenses Undistributed |
|||
2 |
Associate Company: |
||||
3 | |||||
4 | |||||
5 | |||||
6 | |||||
7 | |||||
8 | |||||
9 | |||||
10 | |||||
11 | |||||
12 | |||||
13 | |||||
14 | |||||
15 | |||||
16 | |||||
17 | |||||
18 | |||||
19 | |||||
20 | |||||
21 | |||||
22 | |||||
23 | |||||
24 | |||||
25 | |||||
26 | |||||
27 | |||||
28 | |||||
29 | |||||
30 | |||||
31 | |||||
32 | |||||
33 | |||||
34 | |||||
35 | |||||
36 | |||||
37 | |||||
38 | |||||
39 | |||||
40 | |||||
41 | |||||
40 |
Total |
Name of Respondent: |
This Report Is: (1) ☑ An Original (2) ☐ A Resubmission |
Resubmission Date
(Mo, Da, Yr) |
Year/Period of Report: End of: |
Schedule VII - Stores Expense Undistributed |
|||||
|
|||||
Line No. |
Account Number (a) |
Title of Account (b) |
FuelStockExpensesUndistributedLabor Labor (c) |
FuelStockExpensesUndistributedExpenses Expenses (d) |
FuelStockExpensesUndistributed Total (e) |
1 |
163 |
Stores Expense Undistributed |
|||
2 |
Associate Company: |
||||
3 | |||||
4 | |||||
5 | |||||
6 | |||||
7 | |||||
8 | |||||
9 | |||||
10 | |||||
11 | |||||
12 | |||||
13 | |||||
14 | |||||
15 | |||||
16 | |||||
17 | |||||
18 | |||||
19 | |||||
20 | |||||
21 | |||||
22 | |||||
23 | |||||
24 | |||||
25 | |||||
26 | |||||
27 | |||||
28 | |||||
29 | |||||
30 | |||||
31 | |||||
32 | |||||
33 | |||||
34 | |||||
35 | |||||
36 | |||||
37 | |||||
38 | |||||
39 | |||||
40 | |||||
41 | |||||
40 |
Total |
Name of Respondent: |
This Report Is: (1) ☑ An Original (2) ☐ A Resubmission |
Resubmission Date
(Mo, Da, Yr) |
Year/Period of Report: End of: |
Schedule VIII - Miscellaneous Current and Accrued Assets |
||||
|
||||
Line No. |
Account Number (a) |
Title of Account (b) |
MiscellaneousCurrentAndAccruedAssets Balance at Beginning of Year (c) |
MiscellaneousCurrentAndAccruedAssets Balance at Close of Year (d) |
1 |
174 |
Miscellaneous Current and Accrued Assets |
||
2 |
Item List: |
|||
3 | ||||
4 | ||||
5 | ||||
6 | ||||
7 | ||||
8 | ||||
9 | ||||
10 | ||||
11 | ||||
12 | ||||
13 | ||||
14 | ||||
15 | ||||
16 | ||||
17 | ||||
18 | ||||
19 | ||||
20 | ||||
21 | ||||
22 | ||||
23 | ||||
24 | ||||
25 | ||||
26 | ||||
27 | ||||
28 | ||||
29 | ||||
30 | ||||
31 | ||||
32 | ||||
33 | ||||
34 | ||||
35 | ||||
36 | ||||
37 | ||||
38 | ||||
39 | ||||
40 | ||||
41 | ||||
40 |
Total |
Name of Respondent: |
This Report Is: (1) ☑ An Original (2) ☐ A Resubmission |
Resubmission Date
(Mo, Da, Yr) |
Year/Period of Report: End of: |
Schedule IX - Miscellaneous Deferred Debits |
||||
|
||||
Line No. |
Account Number (a) |
Title of Account (b) |
MiscellaneousDeferredDebits Balance at Beginning of Year (c) |
MiscellaneousDeferredDebits Balance at Close of Year (d) |
1 |
186 |
Miscellaneous Deferred Debits |
||
2 |
Item List: |
|||
3 |
|
|
|
|
4 |
|
|
|
|
40 |
Total |
|
|
Name of Respondent: |
This Report Is: (1) ☑ An Original (2) ☐ A Resubmission |
Resubmission Date
(Mo, Da, Yr) |
Year/Period of Report: End of: |
Schedule X - Research, Development, or Demonstration Expenditures |
||||
|
||||
Line No. |
Account Number (a) |
Title of Account (b) |
ResearchDevelopmentOrDemonstrationExpenditures Amount (c) |
|
1 |
188 |
Research, Development, or Demonstration Expenditures |
||
2 |
Project List: |
|||
3 | ||||
4 | ||||
5 | ||||
6 | ||||
7 | ||||
8 | ||||
9 | ||||
10 | ||||
11 | ||||
12 | ||||
13 | ||||
14 | ||||
15 | ||||
16 | ||||
17 | ||||
18 | ||||
19 | ||||
20 | ||||
21 | ||||
22 | ||||
23 | ||||
24 | ||||
25 | ||||
26 | ||||
27 | ||||
28 | ||||
29 | ||||
30 | ||||
31 | ||||
32 | ||||
33 | ||||
34 | ||||
35 | ||||
36 | ||||
37 | ||||
38 | ||||
39 | ||||
40 | ||||
41 | ||||
40 |
Total |
Name of Respondent: |
This Report Is: (1) ☑ An Original (2) ☐ A Resubmission |
Resubmission Date
(Mo, Da, Yr) |
Year/Period of Report: End of: |
Schedule XI - Proprietary Capital |
||||
|
||||
Line No. |
Account Number (a) |
Title of Account (b) |
Description (c) |
Amount (d) |
1 |
201 |
Common Stock Issued |
Number of Shares Authorized |
|
2 |
Par or Stated Value per Share |
|||
3 |
Outstanding Number of Shares |
|||
4 |
Close of Period Amount |
|||
5 |
204 |
Preferred Stock Issued |
Number of Shares Authorized |
|
6 |
Par or Stated Value per Share |
|||
7 |
Outstanding Number of Shares |
|||
8 |
Close of Period Amount |
|||
9 |
211 |
Miscellaneous Paid-In Capital |
|
|
10 |
215 |
Appropriated Retained Earnings |
||
11 |
219 |
Accumulated Other Comprehensive Income |
(a) |
|
12 |
216 |
Unappropriated Retained Earnings |
Balance at Beginning of Year |
|
13 |
Net Income or (Loss) |
|||
14 |
Dividend Paid |
|||
15 |
Balance at Close of Year |
|
Dividends paid during the year | ||||||
Line No. |
DividendsPaidDescription Dividend Paid Description (a) |
DividendRate Dividend Rate (b) |
Dividendpaid Dividend Paid Amount (c) |
DividendDeclaredDate Dividend Declared Date (d) |
DividendPaidDate Dividend Paid Date (e) |
|
1 | ||||||
2 | ||||||
3 | ||||||
4 | ||||||
5 | ||||||
6 | ||||||
7 | ||||||
8 | ||||||
9 | ||||||
10 | ||||||
11 | ||||||
12 | ||||||
13 | ||||||
14 | ||||||
15 | ||||||
16 | ||||||
17 | ||||||
18 | ||||||
19 | ||||||
20 | ||||||
21 | ||||||
22 | ||||||
23 | ||||||
24 | ||||||
25 | ||||||
26 | ||||||
27 | ||||||
28 | ||||||
29 | ||||||
30 |
FOOTNOTE DATA |
(a) Concept: AccumulatedOtherComprehensiveIncome |
Amounts related to pension and benefit plans that are recoverable through rates were transferred to account 182.3 at 12.31.18. |
Name of Respondent: |
This Report Is: (1) ☑ An Original (2) ☐ A Resubmission |
Resubmission Date
(Mo, Da, Yr) |
Year/Period of Report: End of: |
Schedule XII - Long-Term Debt |
||||||||||
|
||||||||||
Line No. |
Account Number (a) |
Title of Account (b) |
Term of Obligation (c) |
Class & Series of Obligation (d) |
Date of Maturity (e) |
Interest Rate (f) |
Amount Authorized (g) |
Balance at Beginning of Year (h) |
Additions Deductions (i) |
Balance at Close of Year (j) |
1 |
223 |
Advances from Associate Companies |
||||||||
2 |
Associate Company: |
|||||||||
3 | ||||||||||
4 | ||||||||||
5 | ||||||||||
6 | ||||||||||
7 | ||||||||||
8 | ||||||||||
9 | ||||||||||
10 | ||||||||||
11 | ||||||||||
12 | ||||||||||
13 |
Total |
|||||||||
14 |
224 |
Other Long Term Debt |
||||||||
15 |
List Creditor: |
|||||||||
16 | ||||||||||
17 | ||||||||||
18 | ||||||||||
19 | ||||||||||
20 | ||||||||||
21 | ||||||||||
22 | ||||||||||
23 | ||||||||||
24 | ||||||||||
25 | ||||||||||
26 | ||||||||||
27 | ||||||||||
28 |
Total |
Name of Respondent: |
This Report Is: (1) ☑ An Original (2) ☐ A Resubmission |
Resubmission Date
(Mo, Da, Yr) |
Year/Period of Report: End of: |
Schedule XIII - Current and Accrued Liabilities |
||||
|
||||
Line No. |
Account Number (a) |
Title of Account (b) |
Balance at Beginning of Year (c) |
Balance at Close of Year (d) |
1 |
233 |
Notes Payable to Associate Companies |
||
2 |
Associate Company: |
|||
3 | ||||
4 | ||||
5 | ||||
6 | ||||
7 | ||||
8 | ||||
9 | ||||
10 | ||||
11 | ||||
12 | ||||
13 | ||||
14 | ||||
15 | ||||
16 | ||||
17 | ||||
18 | ||||
19 | ||||
20 | ||||
21 | ||||
23 |
Subtotal (Total of Lines 3-22) |
|
|
|
24 |
234 |
Accounts Payable to Associate Companies |
||
25 |
Associate Company: |
|||
26 | ||||
27 | ||||
28 | ||||
29 | ||||
30 | ||||
31 | ||||
32 | ||||
33 | ||||
34 | ||||
35 | ||||
36 | ||||
37 | ||||
38 | ||||
39 | ||||
40 | ||||
41 | ||||
40 |
Subtotal (Total of Lines 26-39) |
|
|
|
41 |
242 |
Miscellaneous Current and Accrued Liabilities |
||
42 | Items List: | |||
43 | ||||
44 | ||||
45 | ||||
46 | ||||
47 | ||||
48 | ||||
49 |
Subtotal (Total of Lines 43-48) |
|
|
|
50 |
TOTAL (LINES 23, 40, AND 49) |
|
|
Name of Respondent: |
This Report Is: (1) ☑ An Original (2) ☐ A Resubmission |
Resubmission Date
(Mo, Da, Yr) |
Year/Period of Report: End of: |
Schedule XIV - Notes to Financial Statements |
||||
|
||||
These notes have been taken from the 10K general footnotes of the Black Hills Corporation. The notes included below are notes that are applicable to Black Hills Service Company. Organization Black Hills Service Company, LLC (BHSC) is a wholly-owned subsidiary of Black Hills Corporation (BHC), a public utility holding company subject to the regulation of the Public Utility Holding Company Act of 2005 (PUHCA 2005). BHSC began operations effective January 1, 2006 as a service company under the Public Utility Holding Company Act of 1935, as amended (35 Act) to provide support and administrative services to BHC and its subsidiaries. The 35 Act was repealed with the enactment of PUHCA 2005. Nature of Operations BHSC provides services at cost. The cost of services are determined on a direct charge basis to the extent practicable and where not practicable, on a reasonable basis of allocation for indirect costs. The charges for services include no compensation for the use of capital. Use of Estimates and Basis of Presentation The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of certain assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Changes in facts and circumstances or additional information may result in revised estimates and actual results could differ materially from those estimates. Cash and Cash Equivalents We consider all highly liquid investments with an original maturity of three months or less to be cash equivalents. For purposes of the cash flow statements, we consider all highly liquid investments with original maturities of three months or less at the time of purchase to be cash and cash equivalents. Restricted Cash and Equivalents We maintain cash accounts for various specified purposes. Therefore, we classify these amounts as restricted cash. Property, Plant and Equipment Additions to property, plant and equipment are recorded at cost. Included in the cost of regulated construction projects is AFUDC, when applicable, which represents the approximate composite cost of borrowed funds and a return on equity used to finance a regulated utility project. We also capitalize interest, when applicable, on undeveloped leasehold costs and certain non-regulated construction projects. In addition, asset retirement costs associated with tangible long-lived regulated utility assets are recognized as liabilities with an increase to the carrying amounts of the related long-lived regulated utility assets in the period incurred. The amounts capitalized are included in Property, plant and equipment on the accompanying Consolidated Balance Sheets. We also classify our base or “cushion gas” as property, plant and equipment. Cushion gas is the portion of natural gas necessary to force saleable gas from a storage field into the transmission system and for system balancing, representing a permanent investment necessary to use storage facilities and maintain reliability. The cost of regulated utility property, plant and equipment retired, or otherwise disposed of in the ordinary course of business, less salvage plus retirement costs, is charged to accumulated depreciation. Estimated removal costs associated with non-legal obligations related to our regulated properties are reclassified from accumulated depreciation and reflected as regulatory liabilities. Retirement or disposal of all other assets, except for crude oil and natural gas properties as described below, result in gains or losses recognized as a component of operating income. Ordinary repairs and maintenance of property, except as allowed under rate regulations, are charged to operations as incurred. Depreciation provisions for property, plant and equipment are generally computed on a straight-line basis based on the applicable estimated service life of the various class of property. Capitalized coal mining costs and coal leases are amortized on a unit-of-production method based on volumes produced and estimated reserves. For certain non-utility power plant components, depreciation is computed on a unit-of-production methodology based on plant hours run. Regulatory Accounting Our Electric Utilities and Gas Utilities follow accounting standards for regulated operations and reflect the effects of the numerous rate-making principles followed by the various state and federal agencies regulating the utilities. The accounting policies followed are generally subject to the Uniform System of Accounts of the FERC. These accounting policies differ in some respects from those used by our non-regulated businesses. If rate recovery becomes unlikely or uncertain due to competition or regulatory action, these accounting standards may no longer apply which would require these net assets to be charged to current income or OCI. Our regulatory assets represent amounts for which we will recover the cost, but generally are not allowed a return, except as described below. In the event we determine that our regulated net assets no longer meet the criteria for following accounting standards for regulated operations, the accounting impact to us could be an extraordinary non-cash charge to operations, which could be material. Income Taxes The Company and its subsidiaries file consolidated federal income tax returns. As a result of the SourceGas transaction, certain subsidiaries acquired file as a separate consolidated group. Where applicable, each tax-paying entity records income taxes as if it were a separate taxpayer and consolidating adjustments are allocated to the subsidiaries based on separate company computations of taxable income or loss. We use the asset and liability method in accounting for income taxes. Under the asset and liability method, deferred income taxes are recognized at currently enacted income tax rates, to reflect the tax effect of temporary differences between the financial and tax basis of assets and liabilities as well as operating loss and tax credit carry forwards. Such temporary differences are the result of provisions in the income tax law that either require or permit certain items to be reported on the income tax return in a different period than they are reported in the financial statements. On December 22, 2017, the U.S. government enacted comprehensive tax legislation commonly referred to as the TCJA. The TCJA makes broad and complex changes to the U.S. tax code, including, but not limited to reducing the U.S. federal corporate tax rate from 35% to 21%. It is our policy to apply the flow-through method of accounting for investment tax credits. Under the flow-through method, investment tax credits are reflected in net income as a reduction to income tax expense in the year they qualify. An exception to this general policy is the deferral method, which applies to our regulated businesses. Such a method results in the investment tax credit being amortized as a reduction to income tax expense over the estimated useful lives of the underlying property that generated the credit. We recognize interest income or interest expense and penalties related to income tax matters in Income tax (expense) benefit on the Consolidated Statements of Income (Loss). We account for uncertainty in income taxes recognized in the financial statements in accordance with the accounting standards for income taxes. The unrecognized tax benefit is classified in Other deferred credits and other liabilities on the accompanying Consolidated Balance Sheets. Centralized Service Company Combination Effective January 1, 2019, Black Hills Utility Holdings, Inc. will cease to function as a centralized service company. All service company activities previously performed by BHUH will be combined with the activities of Black Hills Service Company, LLC. This will include the movement of balances between the two companies. Defined Contribution Plans We sponsor a 401(k) retirement savings plan (the 401(k) Plan). Participants in the 401(k) Plan may elect to invest a portion of their eligible compensation in the 401(k) Plan up to the maximum amounts established by the IRS. The 401(k) Plan provides employees the opportunity to invest up to 50% of their eligible compensation on a pre-tax or after-tax basis. The 401(k) Plan provides a Company matching contribution for all eligible participants. Certain eligible participants who are not currently accruing a benefit in the Pension Plan also receive a Company retirement contribution based on the participant’s age and years of service. Vesting of all Company and matching contributions occurs at 20% per year with 100% vesting when the participant has 5 years of service with the Company. The SourceGas Retirement Savings Plan was merged into the Black Hills Corporation Retirement Savings Plan effective December 31, 2017. The plan design of the Black Hills Corporation 401(k) Plan applies to all eligible employees as of January 1, 2018. Defined Benefit Pension Plans (Pension Plans) We have one defined benefit pension plan, the Black Hills Retirement Plan (Pension Plan). The Pension Plan covers certain eligible employees of the Company. The benefits for the Pension Plan are based on years of service and calculations of average earnings during a specific time period prior to retirement. The Pension Plan is closed to new employees and frozen for certain employees who did not meet age and service based criteria. The Pension Plan assets are held in a Master Trust. Our Board of Directors has approved the Pension Plan’s investment policy. The objective of the investment policy is to manage assets in such a way that will allow the eventual settlement of our obligations to the Pension Plan’s beneficiaries. To meet this objective, our pension assets are managed by an outside adviser using a portfolio strategy that will provide liquidity to meet the Pension Plan’s benefit payment obligations. The Pension Plan’s assets consist primarily of equity, fixed income and hedged investments. The expected rate of return on the Pension Plan assets is determined by reviewing the historical and expected returns of both equity and fixed income markets, taking into account asset allocation, the correlation between asset class returns, and the mix of active and passive investments. The Pension Plan utilizes a dynamic asset allocation where the target range to return-seeking and liability-hedging assets is determined based on the funded status of the Plan. As of December 31, 2018, the expected rate of return on pension plan assets was based on the targeted asset allocation range of 29% to 37% return-seeking assets and 63% to 71% liability-hedging assets. Supplemental Non-qualified Defined Benefit Plans We have various supplemental retirement plans for key executives of the Company. The plans are non-qualified defined benefit and defined contribution plans (Supplemental Plans). The Supplemental Plans are subject to various vesting schedules and are not funded by the Company. Non-pension Defined Benefit Postretirement Healthcare Plans BHC sponsors retiree healthcare plans (Healthcare Plans) for employees who meet certain age and service requirements at retirement. Healthcare Plan benefits are subject to premiums, deductibles, co-payment provisions and other limitations. A portion of the Healthcare Plans for participating business units are pre-funded via VEBAs. Pre-65 retirees as well as a grandfathered group of post-65 Cheyenne Light, Fuel and Power (“CLFP”) retirees and a grandfathered group of post-65 former SourceGas employees who retired prior to January 1, 2017 receive their retiree medical benefits through the Black Hills self-insured retiree medical plans. Healthcare coverage for Medicare-eligible BHC and Black Hills Utility Holdings retirees is provided through an individual market healthcare exchange. Medicare-eligible SourceGas employees who retired after December 31, 2016 also receive retiree medical coverage through an individual market healthcare exchange. Legal Proceedings In the normal course of business, we are subject to various lawsuits, actions, proceedings, claims and other matters asserted under laws and regulations. We believe the amounts provided in the consolidated financial statements to satisfy alleged liabilities are adequate in light of the probable and estimable contingencies. However, there can be no assurance that the actual amounts required to satisfy alleged liabilities from various legal proceedings, claims and other matters discussed, and to comply with applicable laws and regulations will not exceed the amounts reflected in the consolidated financial statements. In the normal course of business, we enter into agreements that include indemnification in favor of third parties, such as information technology agreements, purchase and sale agreements and lease contracts. We have also agreed to indemnify our directors, officers and employees in accordance with our articles of incorporation, as amended. Certain agreements do not contain any limits on our liability and therefore, it is not possible to estimate our potential liability under these indemnifications. In certain cases, we have recourse against third parties with respect to these indemnities. Further, we maintain insurance policies that may provide coverage against certain claims under these indemnities. |
||||
Name of Respondent: |
This Report Is: (1) ☑ An Original (2) ☐ A Resubmission |
Resubmission Date
(Mo, Da, Yr) |
Year/Period of Report: End of: |
Schedule XV - Comparative Income Statement |
||||
Line No. |
Account Number (a) |
Title of Account (b) |
Current Year (c) |
Prior Year (d) |
1 |
OperatingRevenuesAbstract SERVICE COMPANY OPERATING REVENUES |
|||
2 |
400 |
OperatingRevenues Service Company Operating Revenues |
|
|
3 |
OperatingExpensesAbstract SERVICE COMPANY OPERATING EXPENSES |
|||
4 |
401 |
OperationExpense Operation Expenses |
|
|
5 |
402 |
MaintenanceExpense Maintenance Expenses |
|
|
6 |
403 |
DepreciationExpense Depreciation Expenses |
|
|
7 |
403.1 |
DepreciationExpenseForAssetRetirementCosts Depreciation Expense for Asset Retirement Costs |
||
8 |
404 |
AmortizationOfLimitedTermProperty Amortization of Limited-Term Property |
||
9 |
405 |
AmortizationOfOtherProperty Amortization of Other Property |
||
10 |
407.3 |
RegulatoryDebits Regulatory Debits |
||
11 |
407.4 |
RegulatoryCredits Regulatory Credits |
||
12 |
408.1 |
TaxesOtherThanIncomeTaxesOperatingIncome Taxes Other Than Income Taxes, Operating Income |
|
|
13 |
409.1 |
IncomeTaxesOperatingIncome Income Taxes, Operating Income |
||
14 |
410.1 |
ProvisionForDeferredIncomeTaxesOperatingIncome Provision for Deferred Income Taxes, Operating Income |
||
15 |
411.1 |
ProvisionForDeferredIncomeTaxesCreditOperatingIncome Provision for Deferred Income Taxes - Credit , Operating Income |
||
16 |
411.4 |
InvestmentTaxCreditAdjustmentsServiceCompanyProperty Investment Tax Credit, Service Company Property |
||
17 |
411.6 |
GainsFromDispositionOfServiceCompanyPlant Gains from Disposition of Service Company Plant |
||
18 |
411.7 |
LossesFromDispositionOfServiceCompanyPlant Losses from Disposition of Service Company Plant |
||
19 |
411.10 |
AccretionExpense Accretion Expense |
||
20 |
412 |
CostAndExpensesOfConstructionOrOtherServices Costs and Expenses of Construction or Other Services |
||
21 |
416 |
CostsAndExpensesOfMerchandisingJobbingAndContractWork Costs and Expenses of Merchandising, Jobbing, and Contract Work |
(a) |
|
22 |
OperatingExpenses TOTAL SERVICE COMPANY OPERATING EXPENSES (Total of Lines 4-21) |
|
|
|
23 |
OperatingIncomeNet NET SERVICE COMPANY OPERATING INCOME (Total of Lines 2 less 22) |
|
|
|
24 |
OtherIncomeAbstract OTHER INCOME |
|||
25 |
418.1 |
EquityInEarningsOfSubsidiaryCompanies Equity in Earnings of Subsidiary Companies |
||
26 |
419 |
InterestAndDividendIncome Interest and Dividend Income |
|
|
27 |
419.1 |
AllowanceForOtherFundsUsedDuringConstruction Allowance for Other Funds Used During Construction |
||
28 |
421 |
MiscellaneousNonoperatingIncome Miscellaneous Income or Loss |
|
|
29 |
421.1 |
GainOnDispositionOfProperty Gain on Disposition of Property |
|
|
30 |
OtherIncome TOTAL OTHER INCOME (Total of Lines 25-29) |
|
|
|
31 |
OtherIncomeAndDeductionsAbstract OTHER INCOME DEDUCTIONS |
|||
32 |
421.2 |
LossOnDispositionOfProperty Loss on Disposition of Property |
||
33 |
425 |
MiscellaneousAmortization Miscellaneous Amortization |
||
34 |
426.1 |
Donations Donations |
|
|
35 |
426.2 |
LifeInsurance Life Insurance |
||
36 |
426.3 |
Penalties Penalties |
(b) |
(e) |
37 |
426.4 |
ExpendituresForCertainCivicPoliticalAndRelatedActivities Expenditures for Certain Civic, Political and Related Activities |
|
|
38 |
426.5 |
OtherDeductions Other Deductions |
(c) |
|
39 |
OtherIncomeDeductions TOTAL OTHER INCOME DEDUCTIONS (Total of Lines 32-38) |
|
|
|
40 |
TaxesApplicableToOtherIncomeAndDeductionsAbstract TAXES APPLICABLE TO OTHER INCOME AND DEDUCTIONS |
|||
41 |
408.2 |
TaxesOtherThanIncomeTaxesOtherIncomeAndDeductions Taxes Other Than Income Taxes, Other Income and Deductions |
||
42 |
409.2 |
IncomeTaxesOtherIncomeAndDeductions Income Taxes, Other Income and Deductions |
||
43 |
410.2 |
ProvisionForDeferredIncomeTaxesOtherIncomeAndDeductions Provision for Deferred Income Taxes, Other Income and Deductions |
||
44 |
411.2 |
ProvisionForDeferredIncomeTaxesCreditOtherIncomeAndDeductions Provision for Deferred Income Taxes - Credit, Other Income and Deductions |
||
45 |
411.5 |
InvestmentTaxCreditAdjustmentsNonutilityOperations Investment Tax Credit, Other Income Deductions |
||
46 |
TaxesApplicableToOtherIncomeAndDeductions TOTAL TAXES APPLICABLE TO OTHER INCOME AND DEDUCTIONS (Total of Lines 41-45) |
|||
47 |
InterestChargesAbstract INTEREST CHARGES |
|||
48 |
427 |
InterestOnLongTermDebt Interest on Long-Term Debt |
||
49 |
428 |
AmortizationOfDebtDiscountAndExpense Amortization of Debt Discount and Expense |
||
50 |
429 |
AmortizationOfPremiumOnDebtCredit (less) Amortization of Premium on Debt- Credit |
||
51 |
430 |
InterestOnDebtToAssociateCompanies Interest on Debt to Associate Companies |
|
|
52 |
431 |
OtherInterestExpense Other Interest Expense |
(d) |
|
53 |
432 |
AllowanceForBorrowedFundsUsedDuringConstructionCredit (less) Allowance for Borrowed Funds Used During Construction-Credit |
||
54 |
InterestCharges TOTAL INTEREST CHARGES (Total of Lines 48-53) |
|
|
|
55 |
IncomeBeforeExtraordinaryItems NET INCOME BEFORE EXTRAORDINARY ITEMS (Total of Lines 23, 30, minus 39, 46, and 54) |
|||
56 |
ExtraordinaryItemsAbstract EXTRAORDINARY ITEMS |
|||
57 |
434 |
ExtraordinaryIncome Extraordinary Income |
||
58 |
435 |
ExtraordinaryDeductions (less) Extraordinary Deductions |
||
59 |
NetExtraordinaryItems Net Extraordinary Items (Line 57 less Line 58) |
|||
60 |
409.4 |
IncomeTaxesExtraordinaryItems (less) Income Taxes, Extraordinary |
||
61 |
ExtraordinaryItemsAfterTaxes Extraordinary Items After Taxes (Line 59 less Line 60) |
|||
62 |
NetIncomeLoss NET INCOME OR LOSS/COST OF SERVICE (Total of Lines 55 and 61) |
FOOTNOTE DATA |
(a) Concept: CostsAndExpensesOfMerchandisingJobbingAndContractWork |
(b) Concept: Penalties |
$150 is Franschise tax penalty. $222 is tax return penalties. |
(c) Concept: OtherDeductions |
(d) Concept: OtherInterestExpense |
(e) Concept: Penalties |
$1,074 is tax return penalties. |
Name of Respondent: |
This Report Is: (1) ☑ An Original (2) ☐ A Resubmission |
Resubmission Date
(Mo, Da, Yr) |
Year/Period of Report: End of: |
Schedule XVI - Analysis of Charges for Service - Associate and Nonassociate Companies |
|||||||||||
|
|||||||||||
Line No. |
Account Number (a) |
Title of Account (b) |
Associate Company Direct Cost (c) |
Associate Company Indirect Cost (d) |
Associate Company Total Cost (e) |
Nonassociate Company Direct Cost (f) |
Nonassociate Company Indirect Cost (g) |
Nonassociate Company Total Cost (h) |
Total Charges for Services Direct Cost (i) |
Total Charges for Services Indirect Cost (j) |
Total Charges for Services Total Cost (k) |
1 |
403-403.1 |
Depreciation Expense |
|
|
|
|
|||||
2 |
404-405 |
Amortization Expense |
|||||||||
3 |
407.3-407.4 |
Regulatory Debits/Credits - Net |
|||||||||
4 |
408.1-408.2 |
Taxes Other Than Income Taxes |
|
|
|
|
|
|
|||
5 |
409.1-409.3 |
Income Taxes |
|||||||||
6 |
410.1-410.2 |
Provision for Deferred Taxes |
|||||||||
7 |
411.1-411.2 |
Provision for Deferred Taxes - Credit |
|||||||||
8 |
411.6 |
Gain from Disposition of Service Company Plant |
|||||||||
9 |
411.7 |
Losses from Disposition of Service Company Plant |
|||||||||
10 |
411.4-411.5 |
Investment Tax Credit Adjustment |
|||||||||
11 |
411.10 |
Accretion Expense |
|||||||||
12 |
412 |
Costs and Expenses of Construction or Other
Services |
|||||||||
13 |
416 |
Costs and Expenses of Merchandising, Jobbing,
and Contract Work for Associated Companies |
|
|
(b) |
|
|
(d) |
|||
14 |
418 |
Non-operating Rental Income |
|||||||||
15 |
418.1 |
Equity in Earnings of Subsidiary Companies |
|||||||||
16 |
419 |
Interest and Dividend Income |
|
|
|
|
|||||
17 |
419.1 |
Allowance for Other Funds Used During
Construction |
|||||||||
18 |
421 |
Miscellaneous Income or Loss |
|
|
|
|
|||||
19 |
421.1 |
Gain on Disposition of Property |
|
|
|
|
|||||
20 |
421.2 |
Loss on Disposition Of Property |
|||||||||
21 |
425 |
Miscellaneous Amortization |
|||||||||
22 |
426.1 |
Donations |
|
|
|
|
|
|
|||
23 |
426.2 |
Life Insurance |
|||||||||
24 |
426.3 |
Penalties |
|
|
|
(e) |
|||||
25 |
426.4 |
Expenditures for Certain Civic, Political and
Related Activities |
|
|
|
|
|
|
|||
26 |
426.5 |
Other Deductions |
|
|
|
|
|
(f) |
|||
27 |
427 |
Interest On Long-Term Debt |
|||||||||
28 |
428 |
Amortization of Debt Discount and Expense |
|||||||||
29 |
429 |
Amortization of Premium on Debt - Credit |
|||||||||
30 |
430 |
Interest on Debt to Associate Companies |
|
|
|
|
|||||
31 |
431 |
Other Interest Expense |
|
|
|
|
|
(g) |
|||
32 |
432 |
Allowance for Borrowed Funds Used During
Construction |
|||||||||
33 |
500-509 |
Total Steam Power Generation Operation
Expenses |
|
|
|
|
|
|
|||
34 |
510-515 |
Total Steam Power Generation Maintenance
Expenses |
|
|
|
|
|||||
35 |
517-525 |
Total Nuclear Power Generation Operation
Expenses |
|||||||||
36 |
528-532 |
Total Nuclear Power Generation Maintenance
Expenses |
|||||||||
37 |
535-540.1 |
Total Hydraulic Power Generation Operation
Expenses |
|||||||||
38 |
541-545.1 |
Total Hydraulic Power Generation Maintenance
Expenses |
|||||||||
39 |
546-550.1 |
Total Other Power Generation Operation
Expenses |
|
|
|
|
|
|
|||
40 |
551-554.1 |
Total Other Power Generation Maintenance
Expenses |
|
|
|
|
|||||
41 |
555-557 |
Total Other Power Supply Operation Expenses |
|
|
|
|
|||||
42 |
560 |
Operation Supervision and Engineering |
|
|
|
|
|||||
43 |
561.1 |
Load Dispatch-Reliability |
|||||||||
44 |
561.2 |
Load Dispatch-Monitor and Operate Transmission
System |
|
|
|
|
|||||
45 |
561.3 |
Load Dispatch-Transmission Service and
Scheduling |
|||||||||
46 |
561.4 |
Scheduling, System Control and Dispatch Services |
|||||||||
47 |
561.5 |
Reliability Planning and Standards Development |
|
|
|
|
|||||
48 |
561.6 |
Transmission Service Studies |
|||||||||
49 |
561.7 |
Generation Interconnection Studies |
|||||||||
50 |
561.8 |
Reliability Planning and Standards Development
Services |
|||||||||
51 |
562 |
Station Expenses (Major Only) |
|||||||||
51.1 |
562.1 |
Operation of Energy Storage Equipment |
|||||||||
52 |
563 |
Overhead Line Expenses (Major Only) |
|||||||||
53 |
564 |
Underground Line Expenses (Major Only) |
|||||||||
54 |
565 |
Transmission of Electricity by Others (Major Only) |
|||||||||
55 |
566 |
Miscellaneous Transmission Expenses (Major
Only) |
|
|
|
|
|||||
56 |
567 |
Rents |
|||||||||
57 |
567.1 |
Operation Supplies and Expenses (Nonmajor
Only) |
|||||||||
58 |
Total Transmission Operation Expenses |
|
|
|
|
||||||
59 |
568 |
Maintenance Supervision and Engineering (Major
Only) |
|||||||||
60 |
569 |
Maintenance of Structures (Major Only) |
|||||||||
61 |
569.1 |
Maintenance of Computer Hardware |
|||||||||
62 |
569.2 |
Maintenance of Computer Software |
|||||||||
63 |
569.3 |
Maintenance of Communication Equipment |
|||||||||
64 |
569.4 |
Maintenance of Miscellaneous Regional
Transmission Plant |
|||||||||
65 |
570 |
Maintenance of Station Equipment (Major Only) |
|
|
|
|
|||||
65.1 |
570.1 |
Maintenance of Energy Storage Equipment |
|||||||||
66 |
571 |
Maintenance of Overhead Lines (Major Only) |
|||||||||
67 |
572 |
Maintenance of Underground Lines (Major Only) |
|||||||||
68 |
573 |
Maintenance of Miscellaneous Transmission Plant
(Major Only) |
|||||||||
69 |
574 |
Maintenance of Transmission Plant (Nonmajor
Only) |
|||||||||
70 |
Total Transmission Maintenance Expenses |
|
|
|
|
||||||
71 |
575.1-575.8 |
Total Regional Market Operation Expenses |
|||||||||
72 |
576.1-576.5 |
Total Regional Market Maintenance Expenses |
|||||||||
73 |
580-589 |
Total Distribution Operation Expenses |
|
|
|
|
|||||
74 |
590-598 |
Total Distribution Maintenance Expenses |
|||||||||
75 |
Total Electric Operation and Maintenance Expenses |
|
|
|
|
|
|
||||
76 |
700-798 |
Production Expenses (Provide selected accounts
in a footnote) |
|
(c) |
|
|
|||||
77 |
800-813 |
Total Other Gas Supply Operation Expenses |
|
|
|
|
|||||
78 |
814-826 |
Total Underground Storage Operation Expenses |
|
|
|
|
|||||
79 |
830-837 |
Total Underground Storage Maintenance
Expenses |
|||||||||
80 |
840-842.3 |
Total Other Storage Operation Expenses |
|||||||||
81 |
843.1-843.9 |
Total Other Storage Maintenance Expenses |
|||||||||
82 |
844.1-846.2 |
Total Liquefied Natural Gas Terminaling and
Processing Operation Expenses |
|||||||||
83 |
847.1-847.8 |
Total Liquefied Natural Gas Terminaling and
Processing Maintenance Expenses |
|||||||||
84 |
850 |
Operation Supervision and Engineering |
|
|
|
|
|||||
85 |
851 |
System Control and Load Dispatching |
|||||||||
86 |
852 |
Communication System Expenses |
|
|
|
|
|||||
87 |
853 |
Compressor Station Labor and Expenses |
|||||||||
88 |
854 |
Gas for Compressor Station Fuel |
|||||||||
89 |
855 |
Other Fuel and Power for Compressor Stations |
|||||||||
90 |
856 |
Mains Expenses |
|
|
|
|
|||||
91 |
857 |
Measuring and Regulating Station Expenses |
|||||||||
92 |
858 |
Transmission and Compression of Gas By Others |
|||||||||
93 |
859 |
Other Expenses |
|
|
|
|
|||||
94 |
860 |
Rents |
|||||||||
95 |
Total Gas Transmission Operation Expenses |
|
|
|
|
||||||
96 |
861 |
Maintenance Supervision and Engineering |
|||||||||
97 |
862 |
Maintenance of Structures and Improvements |
|||||||||
98 |
863 |
Maintenance of Mains |
|||||||||
99 |
864 |
Maintenance of Compressor Station Equipment |
|||||||||
100 |
865 |
Maintenance of Measuring And Regulating Station
Equipment |
|||||||||
101 |
866 |
Maintenance of Communication Equipment |
|
|
|
|
|||||
102 |
867 |
Maintenance of Other Equipment |
|||||||||
103 |
Total Gas Transmission Maintenance Expenses |
|
|
|
|
||||||
104 |
870-881 |
Total Distribution Operation Expenses |
|
|
|
|
|||||
105 |
885-894 |
Total Distribution Maintenance Expenses |
|
|
|
|
|||||
106 |
Total Natural Gas Operation and Maintenance Expenses |
|
|
|
|
||||||
107 |
901 |
Supervision |
|
|
|
|
|||||
108 |
902 |
Meter reading expenses |
|
|
|
|
|||||
109 |
903 |
Customer records and collection expenses |
|
|
|
|
|||||
110 |
904 |
Uncollectible accounts |
|||||||||
111 |
905 |
Miscellaneous customer accounts expenses |
|
|
|
|
|||||
112 |
Total Customer Accounts Operation Expenses |
|
|
|
|
||||||
113 |
907 |
Supervision |
|||||||||
114 |
908 |
Customer assistance expenses |
|
|
|
|
|||||
115 |
909 |
Informational And Instructional Advertising
Expenses |
|
|
|
|
|||||
116 |
910 |
Miscellaneous Customer Service And
Informational Expenses |
|
|
|
|
|||||
117 |
Total Service and Informational Operation Accounts |
|
|
|
|
||||||
118 |
911 |
Supervision |
|||||||||
119 |
912 |
Demonstrating and Selling Expenses |
|
|
|
|
|||||
120 |
913 |
Advertising Expenses |
|
|
|
|
|||||
121 |
916 |
Miscellaneous Sales Expenses |
|||||||||
122 |
Total Sales Operation Expenses |
|
|
|
|
||||||
123 |
920 |
Administrative and General Salaries |
(a) |
|
|
|
|
|
|||
124 |
921 |
Office Supplies and Expenses |
|
|
|
|
|
|
|||
125 |
923 |
Outside Services Employed |
|
|
|
|
|
|
|||
126 |
924 |
Property Insurance |
|
|
|
|
|
|
|||
127 |
925 |
Injuries and Damages |
|
|
|
|
|
|
|||
128 |
926 |
Employee Pensions and Benefits |
|
|
|
|
|
|
|||
129 |
928 |
Regulatory Commission Expenses |
|
|
|
|
|||||
130 |
930.1 |
General Advertising Expenses |
|
|
|
|
|
|
|||
131 |
930.2 |
Miscellaneous General Expenses |
|
|
|
|
|
|
|||
132 |
931 |
Rents |
|
|
|
|
|
|
|||
133 |
Total Administrative and General Operation Expenses |
|
|
|
|
|
|
||||
134 |
935 |
Maintenance of Structures and Equipment |
|
|
|
|
|
|
|||
135 |
Total Administrative and General Maintenance Expenses |
|
|
|
|
|
|
||||
136 |
Total Cost of Service |
|
|
|
|
|
|
FOOTNOTE DATA |
(a) Concept: AdministrativeAndGeneralSalariesAssociateCompanyDirectCost | ||||||||||||||||||
This amount includes the A&G loading offset, account 922000. | ||||||||||||||||||
(b) Concept: CostsAndExpensesOfMerchandisingJobbingAndContractWorkForAssociatedCompaniesAssociateCompany | ||||||||||||||||||
| ||||||||||||||||||
(c) Concept: ProductionExpensesAssociateCompany | ||||||||||||||||||
759000 NG PROD GATH OTHER EXPENSES $2,087 | ||||||||||||||||||
(d) Concept: CostsAndExpensesOfMerchandisingJobbingAndContractWork | ||||||||||||||||||
(e) Concept: Penalties | ||||||||||||||||||
$150 is Franschise tax penalty. $222 is tax return penalties. | ||||||||||||||||||
(f) Concept: OtherDeductions | ||||||||||||||||||
(g) Concept: OtherInterestExpense | ||||||||||||||||||
Name of Respondent: |
This Report Is: (1) ☑ An Original (2) ☐ A Resubmission |
Resubmission Date
(Mo, Da, Yr) |
Year/Period of Report: End of: |
Schedule XVII - Analysis of Billing - Associate Companies (Account 457) |
|||||
|
|||||
Line No. |
AssociateCompanyName Name of Associate Company (a) |
DirectCostsChargedToAssociateCompanies Account 457.1
Direct Costs Charged (b) |
IndirectCostsChargedToAssociateCompanies Account 457.2
Indirect Costs Charged (c) |
CompensationForUseOfCapitalAssociateCompanies Account 457.3
Compensation for Use of Capital (d) |
ServicesRenderedToAssociateCompanies Total Amount Billed (e) |
1 |
|
|
|
|
|
2 |
|
|
|
|
|
3 |
|
|
|
||
4 |
|
|
|
||
5 |
|
|
|
|
|
6 |
|
|
|
||
7 |
|
|
|
||
8 |
|
||||
9 |
|
|
|
|
|
10 |
|
|
|
||
11 |
|
|
|
||
12 |
|
|
|
|
|
13 |
|
|
|
|
|
14 |
|
|
|
|
|
15 |
|
|
|
|
|
16 |
|
|
|
|
|
17 |
|
|
|
|
|
18 |
|
|
|
|
|
19 |
|
|
|
|
|
20 |
|
|
|
|
|
21 |
|
|
|
|
|
22 |
|
|
|
|
|
23 |
|
|
|
|
|
24 |
|
|
|
|
|
25 |
|
|
|
|
|
26 |
|
|
|
|
|
27 |
|
|
|
|
|
28 |
|
||||
29 |
|
|
|
||
30 |
|
||||
31 |
|
||||
32 |
|
|
|
|
|
33 |
|
|
|
||
40 | Total |
|
|
|
Name of Respondent: |
This Report Is: (1) ☑ An Original (2) ☐ A Resubmission |
Resubmission Date
(Mo, Da, Yr) |
Year/Period of Report: End of: |
Schedule XVIII - Analysis of Billing - Non-Associate Companies (Account 458) |
||||||
|
||||||
Line No. |
NonAssociateCompanyName Name of Non-associate Company (a) |
DirectCostsChargedToNonAssociateCompanies Account 458.1
Direct Costs Charged (b) |
IndirectCostsChargedToNonAssociateCompanies Account 458.2
Indirect Costs Charged (c) |
CompensationForUseOfCapitalNonAssociateCompanies Account 458.3
Compensation for Use of Capital (d) |
ExcessOrDeficiencyOnServicingNonAssociateUtilityCompanies Account 458.4
Excess or Deficiency on Servicing Non-associate Utility Companies (e) |
ServicesRenderedToNonAssociateCompanies Total Amount Billed (f) |
1 | ||||||
2 | ||||||
3 | ||||||
4 | ||||||
5 | ||||||
6 | ||||||
7 | ||||||
8 | ||||||
9 | ||||||
10 | ||||||
11 | ||||||
12 | ||||||
13 | ||||||
14 | ||||||
15 | ||||||
16 | ||||||
17 | ||||||
18 | ||||||
19 | ||||||
20 | ||||||
21 | ||||||
22 | ||||||
23 | ||||||
24 | ||||||
25 | ||||||
26 | ||||||
27 | ||||||
28 | ||||||
29 | ||||||
30 | ||||||
31 | ||||||
32 | ||||||
33 | ||||||
34 | ||||||
35 | ||||||
36 | ||||||
37 | ||||||
38 | ||||||
39 | ||||||
40 | Total |
Name of Respondent: |
This Report Is: (1) ☑ An Original (2) ☐ A Resubmission |
Resubmission Date
(Mo, Da, Yr) |
Year/Period of Report: End of: |
Schedule XIX - Miscellaneous General Expenses - Account 930.2 |
|||||
|
|||||
Line No. |
MiscellaneousGeneralExpensesDescription Title of Account (a) |
MiscellaneousGeneralExpenses Amount (b) |
|||
1 |
|
|
|||
2 |
|
|
|||
3 |
|
|
|||
4 |
|
|
|||
40 |
Total |
|
Name of Respondent: |
This Report Is: (1) ☑ An Original (2) ☐ A Resubmission |
Resubmission Date
(Mo, Da, Yr) |
Year/Period of Report: End of: |
Schedule XX - Organization Chart |
||||
|
||||
|
Name of Respondent: |
This Report Is: (1) ☑ An Original (2) ☐ A Resubmission |
Resubmission Date
(Mo, Da, Yr) |
Year/Period of Report: End of: |
Schedule XXI - Methods of Allocation |
||||||
|
||||||
Black Hills Service Company costs are either directly charged to a subsidiary, or indirectly allocated when the cost is not associated with a specific subsidiary. Indirect costs are allocated using one of several pre-defined allocation ratios. Each department has been assigned one of these allocation ratios. All indirect costs of that department are then allocated using that ratio. When determining which allocation ratio should be assigned to each department, a ratio is selected based on the specific cost driver of that department. For instance, the expenses incurred by a Human Resources department are primarily related to their support of all company employees. In this example, the cost driver for the Human Resources department indirect costs is employees. Therefore, their indirect costs will be allocated based upon the Employee Ratio. For certain departments, a specific cost driver may not be clearly identifiable or the driver may not be cost effective to compute on a continuing basis. In these instances, a three-pronged general allocation ratio is used, which is referred to as the Blended Ratio. This ratio equally weights three different general ratios: Gross Margin, Asset Cost, and Payroll Dollars. These factors were chosen to be included in the Blended Ratio because they best allocate costs based on the diverse nature of Black Hills Corporation (BHC) operations. In addition, some departments utilize a Holding Company Blended Ratio. The difference between the Blended Ratio and the Holding Company Blended Ratio is that the Holding Company Blended Ratio allocates a percentage of costs to BHC Holding Company. For example, the Corporate Governance department will allocate indirect costs using the Holding Company Blended Ratio because certain costs incurred, such as New York Stock Exchange fees and Board of Directors costs, relate to both the Holding Company and the subsidiary companies. One additional item to note is that pooled benefits, primarily health care costs, are allocated differently due to the pooling method for benefits such as self-insured health care. Black Hills Corporation has chosen to pool certain benefit costs and spread the risk amongst all subsidiaries equally. All pooled benefit costs of BHC are paid by the Service Company and allocated to subsidiaries based on employee counts. (See Black Hills Service Company Cost Allocation Manual 2018 for further details.)
|
||||||