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Black Hills Corporation Announces Quarterly Earnings Conference Call

For Information Contact: Mark T. Thies, Executive Vice President; Dale T. Jahr, Director, Investor Relations

RAPID CITY, SD—January 28, 2005—Black Hills Corporation (NYSE: BKH) will issue its fourth quarter and year-end 2004 financial results on Monday, February 7, 2005.

In conjunction with the earnings release, the Company will conduct a conference call on Tuesday, February 8, 2005 beginning at 11:00 a.m. Eastern Time to discuss financial and operating performance. The conference call will be open to the public. The call can be accessed by dialing, toll-free, (800) 762-4717. When prompted, indicate that you wish to participate in the “Black Hills Quarterly Earnings Conference Call.”

A replay of the conference call will be available through February 15, 2005 by dialing (800) 475-6701 (USA) or (320) 365-3844 (international). The access code is 768614.

Black Hills Corporation is a diverse energy and communications company. Black Hills Energy, the wholesale energy unit, generates electricity, produces natural gas, oil and coal, and markets energy. Our retail businesses are Black Hills Power, an electric utility serving western South Dakota, northeastern Wyoming and southeastern Montana; Black Hills FiberCom, a broadband communications company, which offers bundled telephone, high speed Internet, and cable entertainment services; and the recently acquired Cheyenne Light, Fuel & Power, an electric and gas distribution company serving the Cheyenne, Wyoming vicinity. More information is available at our Internet web site: www.blackhillscorp.com.

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Black Hills Corporation - Investor Relations