RAPID CITY, S.D. - Jan. 9, 2014 - Black Hills Corp. (NYSE: BKH) today entered
into an agreement to acquire certain gas transmission and distribution utility
assets of MGTC, Inc. a certificated Wyoming public gas utility and an indirect,
wholly owned subsidiary of Anadarko Petroleum Corporation.

Black Hills Corp. will acquire the MGTC assets in northeastern Wyoming for $6
million, subject to customary closing adjustments. The MGTC system being
acquired by Black Hills currently serves approximately 400 customers,
principally in northeastern Wyoming, and its annual throughput exceeds 2.8 Bcf.
The transaction requires approval by the Wyoming Public Service Commission and
is expected to close by year end 2014.

"We are excited to serve MGTC's customers and are committed to providing them
with safe, reliable natural gas service," said David R. Emery, chairman,
president and chief executive officer of Black Hills Corp. "Upon approval of the
transaction, we plan to offer enhanced customer services such as electronic
payment options and levelized billing programs. During the past year, we've
acquired several small utility systems adding rate base of $12 million and
1,250 new customers. This acquisition demonstrates our continuing strategy to
grow our customer base through acquiring small utilities near our existing
operations."

Black Hills intends to operate the assets as a separate division of Cheyenne
Light, Fuel & Power, the corporation's electric and natural gas utility in
Cheyenne, Wyo., under the name Black Hills Energy.

The agreement includes the acquisition of MGTC's gas transmission and
distribution utility assets located in northeastern Wyoming, throughout parts of
Johnson, Campbell, Converse, Crook and Weston counties. MGTC provides natural
gas transmission and distribution services to more than 400 customers through
271 miles of transmission pipeline and 135 miles of distribution pipeline.

 Investor Relations:

 Jerome E. Nichols          605-721-1171

 Media Contact:

 Jason Ketchum              605-721-2209

 24-Hour Media Assistance   866-243-9002

Black Hills Corporation
Black Hills Corp. (NYSE: BKH), a growth-oriented, vertically-integrated energy
company with a tradition of exemplary service and a vision to be the energy
partner of choice, is based in Rapid City, S.D. The company serves 769,000
natural gas and electric utility customers in Colorado, Iowa, Kansas, Montana,
Nebraska, South Dakota and Wyoming. The company generates wholesale electricity
and produces natural gas, oil and coal. Black Hills' 1,925 employees partner to
produce results that are improving life with energy. More information is
available at www.blackhillscorp.com.

Cheyenne Light, Fuel & Power Company
Cheyenne Light, Fuel & Power Company, a subsidiary of Black Hills Corp., serves
40,000 electric customers and 35,000 natural gas customers in the greater
Cheyenne, Wyo., area.

CAUTION REGARDING FORWARD-LOOKING STATEMENTS

This news release includes "forward-looking statements" as defined by the
Securities and Exchange Commission, or SEC. We make these forward-looking
statements in reliance on the safe harbor protections provided under the Private
Securities Litigation Reform Act of 1995. All statements, other than statements
of historical facts, included in this news release that address activities,
events or developments that we expect, believe or anticipate will or may occur
in the future are forward looking statements. These include, without limitation,
the Company's expectation of timing and ability to successfully complete the
acquisition of the MGTC assets. These forward-looking statements are based on
assumptions which we believe are reasonable based on current expectations and
projections about future events and industry conditions and trends affecting our
business. However, whether actual results and developments will conform to our
expectations and predictions is subject to a number of risks and uncertainties
that, among other things, could cause actual results to differ materially from
those contained in the forward-looking statements, including the factors
discussed above, the risk factors described in Item 1A of Part I of our 2012
Annual Report on Form 10-K filed with the SEC, and other reports that we file
with the SEC from time to time.

New factors that could cause actual results to differ materially from those
described in forward looking statements emerge from time-to-time, and it is not
possible for us to predict all such factors, or the extent to which any such
factor or combination of factors may cause actual results to differ from those
contained in any forward-looking statement. We assume no obligation to update
publicly any such forward-looking statements, whether as a result of new
information, future events or otherwise.


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