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Press Releases

Black Hills Corporation Announces Dividend and First Quarter 2006
Earnings Release and Conference Call Information

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

RAPID CITY, SD-April 27, 2006-At a meeting held April 25, 2006, the Board of Directors of Black Hills Corporation (NYSE: BKH) declared quarterly dividends on the common stock. Common shareholders will receive 33 cents per share, payable June 1, 2006, to all shareholders of record at the close of business on May 18, 2006.

The Company will issue a news release on first quarter 2006 earnings results on Thursday, May 4, 2006. In conjunction with this release, the Company will hold a conference call on Friday, May 5, 2006 beginning at 11:00 a.m. Eastern Standard 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) 762-6067. 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 827802.

Black Hills Corporation is a diversified energy company. Black Hills Energy, our wholesale energy business 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; and Cheyenne Light, Fuel & Power, an electric and gas distribution utility 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