UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM U-6B-2
Certificate of Notification
(Rule 52)
BLACK HILLS CORPORATION
625 Ninth Street
P.O. Box 1400
Rapid City, SD 57701
Public Utility Holding Company Act of 1935
This certificate is notice that the above-named company has issued, renewed or guaranteed the security or securities described herein which issue, renewal or guaranty was exempted from the provisions of section 6(a) of the Act and was neither the subject of a declaration or application on Form U-1, nor included within the exemption provided by Rule 48.
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1. |
Type of security or securities (“draft,” “promissory note”). |
Borrowings made as part of the intercompany financing program.
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2. |
Issue, renewal or guaranty. |
Issuance of cash advances through the intercompany borrowing structure.
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3. |
Principal amount of each security. |
See Schedule 1.
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4. |
Rates of interest per annum of each security. |
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See Schedule 1 |
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5. |
Date of issue, renewal or guaranty of each security. |
Borrowings are made on a daily basis between the reporting period of January 1, 2005 through March 31, 2005, and reported at the end of the quarter.
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6. |
If renewal of security, give date of original issue. |
Not applicable.
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7. |
Date of maturity of each security (in the case of demand notes, indicate “on demand”). |
On demand.
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8. |
Name of the person to whom each security was issued, renewed or guaranteed. |
See Schedule 1.
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9. |
Collateral given with each security, if any. |
None.
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10. |
Consideration received for each security. |
See Schedule 1.
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11. |
Application of proceeds of each security. |
General corporate purposes.
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12. |
Indicate by a check after the applicable statement below whether the issue, renewal or guaranty of each security was exempt from the provision of Section 6(a) because of: |
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(a) |
the provisions contained in the first sentence of Section 6(b). |
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(b) |
the provisions contained in the fourth sentence of Section 6(b). | |
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(c) |
the provisions contained in any rule of the Commission other than |
Rule 48. [ x ]
(If reporting for more than one security, insert the identifying symbol after applicable statement.)
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13. |
If the security or securities were exempt from the provisions of section 6(a) by virtue of the first sentence of section 6(b), give the figures which indicate that the security or securities aggregate (together with all other than outstanding notes and drafts of a maturity of nine months or less, exclusive of days of grace, as to which such company is primarily or secondarily liable) not more than 5 per centum of the principal amount and par value** of the other securities of such company then outstanding. (Demand notes, regardless of how long they may have been outstanding, shall be considered as maturing in not more than nine months for purposes of the exemption from Section 6(a) of the Act granted by the first sentence of Section 6(b). |
Not applicable.
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14. |
If the security or securities are exempt from the provisions of section 6(a) because of the fourth sentence of section 6(b), name the security outstanding on January 1, 1935, pursuant to the terms of which the security or securities herein described have been issued. |
Not applicable.
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15. |
If the securities are exempt from the provisions of section 6(a) because of any rule of the Commission other than Rule 48 designate the rule under which exemption is claimed. |
Rule 52.
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BLACK HILLS CORPORATION |
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By: |
/s/ Mark T. Thies |
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Name: |
Mark T. Thies |
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Title: |
Executive Vice President and | ||
Chief Financial Officer
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Date: |
May 27, 2005 |
SCHEDULE 1
|
Issuing Company |
Borrowing Company |
Beginning |
Borrowings |
Ending |
Rate |
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|
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Black Hills Fiber Systems, Inc. |
Black Hills FiberCom, LLC |
173,295,553 |
607,176 |
173,902,729 |
Libor + 3.25 |
|
Black Hills Fiber Systems, Inc. |
Black Hills Publishing Montana, LLC |
380,244 |
229,635 |
609,879 |
Libor + 1.25 |
|
Wyodak Resources Development Corp. |
Black Hills Exploration and Production, Inc. |
— |
28,577,661 |
28,577,661 |
Libor + 1.25 |
|
Black Hills Wyoming, Inc. |
Black Hills Generation, Inc. |
131,147,353 |
(12,345,425) |
118,801,928 |
Libor + 3.25 |
|
Black Hills Generation, Inc. |
Black Hills Colorado, LLC |
300,605 |
(300,605) |
— |
Libor + 1.25 |
|
Black Hills Generation, Inc. |
Las Vegas Cogeneration II, LLC |
56,448,237 |
(1,371,533) |
55,076,704 |
Libor + 1.25 |
|
Black Hills Generation, Inc. |
Sunco, Ltd., a Limited Liability Company |
2,678,335 |
(50,788) |
2,627,547 |
Libor + 1.25 |
|
Black Hills Generation, Inc. |
Black Hills Pepperell Power Associates, LLC |
48,437 |
148,225 |
196,662 |
Libor + 1.25 |
|
Black Hills Generation, Inc. |
EIF Investors, Inc. |
1,350,261 |
19,618 |
1,369,879 |
Libor + 1.25 |
|
Harbor Cogeneration Company, LLC |
Black Hills Generation, Inc. |
18,491,445 |
2,008,588 |
20,500,033 |
Libor + 1.25 |
|
Black Hills Idaho Operations, LLC |
Black Hills Generation, Inc. |
361,855 |
94,096 |
455,951 |
Libor + 1.25 |
|
Black Hills Colorado, LLC |
Black Hills Generation, Inc. |
— |
148,998 |
148,998 |
Libor + 1.25 |
|
Black Hills Ontario, LLC |
Black Hills Generation, Inc. |
1,637,501 |
351,758 |
1,989,259 |
Libor + 1.25 |
|
Las Vegas Cogeneration Limited Partnership |
Black Hills Generation, Inc. |
3,896,488 |
(308,321) |
3,588,167 |
Libor + 1.25 |
|
Black Hills Nevada Operations, LLC |
Black Hills Generation, Inc. |
244,342 |
(12,315) |
232,027 |
Libor + 1.25 |
|
Black Hills Nevada Real Estate Holdings, LLC |
Black Hills Generation, Inc. |
437,703 |
64,873 |
502,576 |
Libor + 1.25 |
|
Black Hills Nevada, LLC |
Black Hills Generation, Inc. |
517 |
8 |
525 |
Libor + 1.25 |
|
Black Hills Energy, Inc. |
Black Hills Exploration and Production, Inc. |
— |
18,546,111 |
18,546,111 |
Libor + 1.25 |
|
Black Hills Corporation |
Black Hills Exploration and Production, Inc. |
63,326,956 |
(37,914,212) |
25,412,744 |
Libor + 1.25 |
|
Black Hills Corporation |
Black Hills Fiber Systems, Inc. |
3,949,803 |
(825,326) |
3,124,477 |
Libor + 1.25 |
|
Black Hills Corporation |
Black Hills Power, Inc. |
25,006,496 |
(9,703,000) |
15,303,496 |
Libor + 1.25 |
|
Black Hills Corporation |
Daksoft, Inc. |
— |
1,074,264 |
1,074,264 |
Libor + 1.25 |
|
Black Hills Corporation |
Black Hills Wyoming, Inc. |
109,824,395 |
(21,135,924) |
88,688,471 |
Libor + 1.25 |
Note: From 1/1/05 to 3/31/05, the one-month average LIBOR rate ranged from 2.40% to 2.87%