Business Services Industry
Wyoming regulators give approval to proposed utility sale.
Knight Ridder/Tribune Business News, August, 2004
By Jessica Lowell, Wyoming Tribune-Eagle Knight Ridder/Tribune Business News
Aug. 25--CHEYENNE, Wyo. -- State regulators spent less than three hours Tuesday hearing Black Hills Power's case for acquiring Xcel Energy-Cheyenne Light and making the decision to allow it.
While short, the hearing was a significant step in a deal that is expected to close by the end of the year.
Before the U.S. Securities and Exchange Commission can approve the transfer of stock, an unappealable decision must be made by the Wyoming Public Service Commission.
Black Hills announced in July that it is seeking registration from the SEC as a holding company.
That's only one of the regulatory hurdles that must be overcome; the companies are...
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