<HTML>
<HEAD><TITLE>BHC Form 8-K Enserco Credit Facility</TITLE></HEAD>

<BODY>


<!-- MARKER FORMAT-SHEET="Head Major Center Bold" FSL="Default" -->
<A NAME=A001></A>
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=4>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>Washington, D.C. 20549 </FONT></H1>


<!-- MARKER FORMAT-SHEET="Center Rule" FSL="Default" -->
     <P ALIGN=CENTER>_________________ </P>

<!-- MARKER FORMAT-SHEET="Head Major Center Bold" FSL="Default" -->
<A NAME=A003></A>
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=4>FORM 8-K </FONT></H1>

<!-- MARKER FORMAT-SHEET="Center Rule" FSL="Default" -->
     <P ALIGN=CENTER>_________________ </P>

<!-- MARKER FORMAT-SHEET="Head Major Center Bold 1" FSL="Default" -->
<A NAME=A004></A>
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>CURRENT REPORT<BR>
PURSUANT TO SECTION 13 OR 15(d) OF THE<BR>SECURITIES EXCHANGE
ACT OF 1934   </FONT></H1>
<BR>
<!-- MARKER FORMAT-SHEET="Head Minor Center Bold" FSL="Default" -->
<A NAME=A006></A>
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Date of Report (Date
of earliest event reported) September 30, 2004 </FONT></H1>

<!-- MARKER FORMAT-SHEET="Center Rule" FSL="Default" -->
     <P ALIGN=CENTER>_________________ </P>

<!-- MARKER FORMAT-SHEET="Head Major Center Bold" FSL="Default" -->
<A NAME=A007></A>
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=4>BLACK HILLS CORPORATION </FONT></H1>

<!-- MARKER FORMAT-SHEET="Head Minor Center Bold" FSL="Default" -->
<A NAME=A008></A>
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(Exact name of
registrant as specified in its charter) </FONT></H1>

<!-- MARKER FORMAT-SHEET="Center Rule" FSL="Default" -->
     <P ALIGN=CENTER>_________________ </P>

<!-- MARKER FORMAT-SHEET="Head Major Center Bold 1" FSL="Default" -->
<A NAME=A009></A>
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>South Dakota<BR>(State or other
jurisdiction of incorporation) </FONT></H1>

<TABLE WIDTH="100%" BORDER="0" CELLPADDING="0" CELLSPACING="0">
<TR VALIGN="BOTTOM">
     <TH><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TH>
     <TH><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TH></TR>
<TR VALIGN="TOP">
     <TD WIDTH="50%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>             001-31303 </B>                     <BR>
     <B> (Commission File Number)</B>              <BR>
<BR>
   <B>625 Ninth Street, PO Box 1400 </B>           <BR>
       <B>Rapid City, South Dakota </B>            <BR>
   <B>(Address of principal executive offices)</B>
</FONT></TD>
     <TD WIDTH="50%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">             <B> 46-0458824</B><BR>
   <B>(IRS Employer Identification No.)</B><BR>
<BR>
              <B>57709-1400</B><BR>
               <B>(Zip Code)</B>
</FONT></TD></TR>
</TABLE>



<!-- MARKER FORMAT-SHEET="Head Major Center Bold 1" FSL="Default" -->
<A NAME=A011></A>
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>605.721.1700<BR>(Registrant&#146;s
telephone number, including area code) </FONT></H1>


<!-- MARKER FORMAT-SHEET="Head Major Center Bold 1" FSL="Default" -->
<A NAME=A013></A>
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Not Applicable<BR>
(Former name or former address, if changed since last report) </FONT></H1>


<!-- MARKER FORMAT-SHEET="Center Rule" FSL="Default" -->
     <P ALIGN=CENTER>_________________ </P>

<!-- MARKER FORMAT-SHEET="Para Indent" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the
filing obligation of the registrant under any of the following provisions (<I>see</I>
General Instruction A.2. below): </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Indent" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><img src="ballot.jpg">&nbsp;Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</FONT></P>

<!-- MARKER FORMAT-SHEET="Para Indent" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><img src="ballot.jpg">&nbsp;Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Indent" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><img src="ballot.jpg">&nbsp;Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Indent" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><img src="ballot.jpg">&nbsp;Pre-commencement communications
pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) </FONT></P>

<!-- MARKER FORMAT-SHEET="Page Rule Single" FSL="Default" -->
     <HR ALIGN=LEFT WIDTH=100% SIZE=1 NOSHADE>



<!-- *************************************************************************** -->
<!-- MARKER PAGE="sheet: 1; page: 1" -->
<HR SIZE=5 COLOR=GRAY NOSHADE>




<!-- MARKER FORMAT-SHEET="Head Left" FSL="Default" -->
<A NAME=A021></A>
<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>Item 1.01&nbsp;&nbsp;Entry
into a Material Definitive Agreement</B>  </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>On September 30, 2004, the
Registrant&#146;s subsidiary, Enserco Energy Inc. (&#147;Enserco&#148;), amended its
Amended and Restated Credit Agreement dated as of May 14, 2004, by and among Enserco,
Fortis Capital Corp., as Administrative Agent, Documentation Agent and Collateral Agent,
BNP Paribas, U.S. Bank National Association and Societe Generale. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The amendment extended the term of
the $150 million uncommitted credit facility to September 30, 2005. The uncommitted line
of credit can be used&nbsp;to finance working capital requirements related to natural gas
activities; to provide for Letters of Credit, and to fund payments due to any Swap Bank
under a Swap Contract. The facility is secured by all of the assets of Enserco. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Letter of credit fees range from 1.00
percent to 1.50 percent. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Each revolving loan (except for a
revolving loan made as a result of a drawing under a Letter of Credit) bears interest at a
floating rate equal to the higher of&nbsp;0.50 percent above the latest Federal Funds Rate
or the rate of interest established by JPMorgan Chase Bank at its principal office in New
York City as its &#147;prime rate&#148; or &#147;base rate&#148; for U.S. dollar loans
(the &#147;Chase rate&#148;) plus 1.00 percent. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Each revolving loan made as a result
of a drawing under a Letter of Credit or to pay amounts owed to a Swap Bank with respect
to any Swap Contract, shall bear interest at a floating rate equal to the rate for
revolving loans above for the first two business days that such loan has been outstanding
and, thereafter, shall bear interest at a floating rate per annum equal to the higher
of&nbsp;0.50 percent above the latest Federal Funds Rate or the Chase rate plus 3.0
percent. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Borrowings under the Agreement
require Enserco, among other things, to maintain certain minimum levels of net worth and
working capital and meet certain minimum financial ratios. </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Left" FSL="Default" -->
<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B><B>Item 2.03&nbsp;&nbsp;Creation of
a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of
a Registrant</B></B> </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The information required by this item
is included in Item 1.01. </FONT></P>


<!-- MARKER FORMAT-SHEET="Para Default" FSL="Default" -->
<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>2 </FONT></P>
<!-- MARKER PAGE="sheet: 2; page: 2" -->
<HR SIZE=5 COLOR=GRAY NOSHADE>


<!-- MARKER FORMAT-SHEET="Head Left" FSL="Default" -->
<A NAME=A022></A>
<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>Item 9.01&nbsp;&nbsp;Financial
Statements and Exhibits</B>  </FONT></P>

<!-- MARKER FORMAT-SHEET="Para (List) Indent Level 1" FSL="Default" -->
<A NAME=A023></A>
<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD ALIGN=RIGHT WIDTH=3%></TD>
<TD WIDTH=97%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(c) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exhibits  </FONT></P></TD>
</TR>
</TABLE>
<BR>

<!-- MARKER FORMAT-SHEET="Para Hang Level 2" FSL="Default" -->
<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>10.1  </FONT></TD>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=85%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Amended
and Restated Credit Agreement dated as of May 14, 2004 among Enserco Energy Inc., as
Borrower, and Fortis Capital Corp.,as administrative agent, collateral agent,
documentation agent and arranger, and BNP Paribas, and U.S. Bank National Association and
Societe Generale, and each other financial institution which may become a party hereto.  </FONT></TD>
</TR>
</TABLE>
<BR>

<!-- MARKER FORMAT-SHEET="Para Hang Level 2" FSL="Default" -->
<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>10.2  </FONT></TD>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=85%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>First
Amendment to the Amended and Restated Credit Agreement made as of the 30th day of
September, 2004,  among Enserco Energy Inc., the borrower, Fortis Capital Corp., as
administrative agent, documentation agent and collateral agent, BNP Paribas, U.S. Bank
National Association and Societe Generale.  </FONT></TD>
</TR>
</TABLE>
<BR>


<!-- MARKER FORMAT-SHEET="Para Default" FSL="Default" -->
<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>3</FONT></P>
<!-- MARKER PAGE="sheet: 3; page: 3" -->
<HR SIZE=5 COLOR=GRAY NOSHADE>



<!-- MARKER FORMAT-SHEET="Head Center Underline" FSL="Default" -->
<A NAME=A024></A>
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U>SIGNATURES</U> </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Indent" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused
this report to be signed on its behalf by the undersigned hereunto duly authorized. </FONT></P>


<!-- MARKER FORMAT-SHEET="Para Flush Level 5" FSL="Default" -->
<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=50%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=50%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
BLACK HILLS CORPORATION </FONT></TD>
</TR>
</TABLE>
<BR>


<!-- MARKER FORMAT-SHEET="Para Flush Level 5" FSL="Default" -->
<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=50%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=50%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
By:<U> /s/ Mark T. Thies</U><BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mark T. Thies<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive Vice President<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;and Chief Financial Officer </FONT></TD>
</TR>
</TABLE>
<BR>

<!-- MARKER FORMAT-SHEET="Head Left" FSL="Default" -->
<A NAME=A025></A>
<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Date: October 6, 2004 </FONT></P>



<!-- MARKER FORMAT-SHEET="Para Default" FSL="Default" -->
<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>4</FONT></P>
<!-- MARKER PAGE="sheet: 4; page: 4" -->
<HR SIZE=5 COLOR=GRAY NOSHADE>

<!-- MARKER FORMAT-SHEET="Head Major Center Bold 1" FSL="Default" -->
<A NAME=A026></A>
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Exhibit Index </FONT></H1>

<!-- MARKER FORMAT-SHEET="Para Hang Level 1" FSL="Default" -->
<A NAME=A027></A>
<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U><B>Exhibit&nbsp;No.</B></U>  </FONT></TD>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;<U><B>Description</B> </U> </FONT></TD>
</TR>
</TABLE>
<BR>

<!-- MARKER FORMAT-SHEET="Para Hang Level 2" FSL="Default" -->
<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>10.1</FONT></TD>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=85%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Amended
and Restated Credit Agreement dated as of May 14, 2004 among Enserco Energy Inc.,
             as Borrower, and Fortis Capital Corp.,as administrative agent, collateral
agent,              documentation agent and arranger, and BNP Paribas, and U.S. Bank
National Association and              Societe Generale, and each other financial
institution which may become a party hereto.  </FONT></TD>
</TR>
</TABLE>
<BR>




<!-- MARKER FORMAT-SHEET="Para Hang Level 2" FSL="Default" -->
<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>10.2</FONT></TD>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=85%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>First
Amendment to the Amended and Restated Credit Agreement made as of the 30th day of
September, 2004,                            among Enserco Energy Inc., the borrower,
Fortis Capital Corp., as administrative                            agent, documentation
agent and collateral agent, BNP Paribas, U.S. Bank National Association and Societe
Generale.  </FONT></TD>
</TR>
</TABLE>
<BR>

<!-- MARKER FORMAT-SHEET="Para Default" FSL="Default" -->
<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>5</FONT></P>

</BODY>
</HTML>
[{"type": "8-K", "sequence": "1", "filename": "form8k_10-6.htm", "description": "FORM 8K - ENSERCO CREDIT AGREEMENT", "secsgml_size_bytes": 15856}]
{"company-data": {"conformed-name": "BLACK HILLS CORP /SD/", "cik": "0001130464", "assigned-sic": "4911", "irs-number": "460458824", "state-of-incorporation": "SD", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-31303", "film-number": "041068244"}, "business-address": {"street1": "625 9TH STREET", "street2": "PO BOX 1400", "city": "RAPID CITY", "state": "SD", "zip": "57709", "phone": "6057212343"}, "mail-address": {"street1": "625 9TH STREET", "street2": "PO BOX 1400", "city": "RAPID", "state": "SD", "zip": "57709"}, "former-company": {"former-conformed-name": "BLACK HILLS HOLDING CORP", "date-changed": "20001222"}}
BHC Form 8-K Enserco Credit Facility
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_________________
FORM 8-K
_________________
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE
ACT OF 1934
Date of Report (Date
of earliest event reported) September 30, 2004
_________________
BLACK HILLS CORPORATION
(Exact name of
registrant as specified in its charter)
_________________
South Dakota
(State or other
jurisdiction of incorporation)
001-31303
(Commission File Number)
625 Ninth Street, PO Box 1400
Rapid City, South Dakota
(Address of principal executive offices)
46-0458824
(IRS Employer Identification No.)
57709-1400
(Zip Code)
605.721.1700
(Registrant's
telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
_________________
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the
filing obligation of the registrant under any of the following provisions (
see
General Instruction A.2. below):
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications
pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.01  Entry
into a Material Definitive Agreement
On September 30, 2004, the
Registrant's subsidiary, Enserco Energy Inc. ("Enserco"), amended its
Amended and Restated Credit Agreement dated as of May 14, 2004, by and among Enserco,
Fortis Capital Corp., as Administrative Agent, Documentation Agent and Collateral Agent,
BNP Paribas, U.S. Bank National Association and Societe Generale.
The amendment extended the term of
the $150 million uncommitted credit facility to September 30, 2005. The uncommitted line
of credit can be used to finance working capital requirements related to natural gas
activities; to provide for Letters of Credit, and to fund payments due to any Swap Bank
under a Swap Contract. The facility is secured by all of the assets of Enserco.
Letter of credit fees range from 1.00
percent to 1.50 percent.
Each revolving loan (except for a
revolving loan made as a result of a drawing under a Letter of Credit) bears interest at a
floating rate equal to the higher of 0.50 percent above the latest Federal Funds Rate
or the rate of interest established by JPMorgan Chase Bank at its principal office in New
York City as its "prime rate" or "base rate" for U.S. dollar loans
(the "Chase rate") plus 1.00 percent.
Each revolving loan made as a result
of a drawing under a Letter of Credit or to pay amounts owed to a Swap Bank with respect
to any Swap Contract, shall bear interest at a floating rate equal to the rate for
revolving loans above for the first two business days that such loan has been outstanding
and, thereafter, shall bear interest at a floating rate per annum equal to the higher
of 0.50 percent above the latest Federal Funds Rate or the Chase rate plus 3.0
percent.
Borrowings under the Agreement
require Enserco, among other things, to maintain certain minimum levels of net worth and
working capital and meet certain minimum financial ratios.
Item 2.03  Creation of
a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of
a Registrant
The information required by this item
is included in Item 1.01.
2
Item 9.01  Financial
Statements and Exhibits
(c)        Exhibits
10.1
Amended
and Restated Credit Agreement dated as of May 14, 2004 among Enserco Energy Inc., as
Borrower, and Fortis Capital Corp.,as administrative agent, collateral agent,
documentation agent and arranger, and BNP Paribas, and U.S. Bank National Association and
Societe Generale, and each other financial institution which may become a party hereto.
10.2
First
Amendment to the Amended and Restated Credit Agreement made as of the 30th day of
September, 2004,  among Enserco Energy Inc., the borrower, Fortis Capital Corp., as
administrative agent, documentation agent and collateral agent, BNP Paribas, U.S. Bank
National Association and Societe Generale.
3
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused
this report to be signed on its behalf by the undersigned hereunto duly authorized.
BLACK HILLS CORPORATION
By:
/s/ Mark T. Thies
Mark T. Thies
Executive Vice President
and Chief Financial Officer
Date: October 6, 2004
4
Exhibit Index
Exhibit No.
Description
10.1
Amended
and Restated Credit Agreement dated as of May 14, 2004 among Enserco Energy Inc.,
             as Borrower, and Fortis Capital Corp.,as administrative agent, collateral
agent,              documentation agent and arranger, and BNP Paribas, and U.S. Bank
National Association and              Societe Generale, and each other financial
institution which may become a party hereto.
10.2
First
Amendment to the Amended and Restated Credit Agreement made as of the 30th day of
September, 2004,                            among Enserco Energy Inc., the borrower,
Fortis Capital Corp., as administrative                            agent, documentation
agent and collateral agent, BNP Paribas, U.S. Bank National Association and Societe
Generale.
5