                                                                Exhibit 10.3


         FIRST AMENDMENT TO AGREEMENT FOR SUPPLEMENTAL PENSION BENEFIT

This First Amendment to the Agreement for Supplemental Pension Benefit
("Amendment") made as of the 20th day of December, 2002, by and between Black
Hills Corporation and its Subsidiary Companies ("Employer"), and Everett E. Hoyt
("Employee").

Whereas, Employer and Employee entered into an Agreement for Supplemental
Pension Benefit ("Agreement") dated January 20, 1992; and

Whereas the parties  desire to make certain  amendments  to the Agreement on the
terms and conditions set forth herein;

Now, therefore, in consideration of the employment of Employee, and for other
good and valuable consideration, the parties agree as follows:

     1. The  Agreement  shall be and hereby is amended to include a defined term
on page (1) one as follows:

     "Pension Plan" shall mean, for purposes of this  Agreement,  the Employee's
Defined Benefit Plan, Pension Plan and Pension Equalization Plan.

     2.  Paragraph 8 of the Agreement  shall be and hereby is amended to include
the following provision:

     " This  Agreement  may be modified or amended  only by a written  agreement
signed by the parties."

     3. The Agreement  shall be and hereby is amended to include a new paragraph
as follows:

     "9. INVALID PROVISIONS.

     If any provision of this Agreement,  as amended by the written agreement of
the parties,  is held to be illegal,  invalid or unenforceable  under present or
future  laws,  such  provision  shall  be  fully  severable  and  the  remaining
provisions of this Agreement shall remain in full force and effect and shall not
be  affected  by the  illegal,  invalid  or  unenforceable  provision  or by its
severance."

     4. The Agreement,  as hereby amended,  contains the entire agreement of the
parties  regarding  the subject  matter  hereof.  Amendment  shall be  effective
immediately upon execution by both parties.


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BLACK HILLS CORPORATION                                  EVERETT E. HOYT
By: /s/ Steven J. Helmers                                /s/ Everett E. Hoyt
Its: General Counsel and Corporate Secretary
Date: December 20, 2002                                  Date: December 20, 2002


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