Black Hills signs power deal with Google for Cheyenne data center campus

Black Hills Corp. (NYSE: BKH) has signed agreements with Google to power a data center campus in Cheyenne, Wyoming. The arrangement runs through 2048, which in utility terms is a very long engagement. The South Dakota-based utility announced the deal on October 6, 2026, with the agreements effective as of September 30. The Motley Fool cast the move as a dividend stalwart joining the AI energy boom. What Black Hills is actually building The setup is a hybrid supply model. Black Hills plans to deliver up to 590 MW of grid-connected power, mostly from newly built natural gas plants. On top of that, the utility will manage around 2.1 GW of additional resources through a microgrid. A microgrid is a localized power network that can run alongside the main grid or independently. Combined, the overall resource mix comes to approximately 2.7 GW. That is a substantial amount of capacity dedicated to one data center campus. To get there, Black Hills plans to spend about $1.8 billion between 2027 and 2029. The money will fund 564 MW of natural gas-fired capacity at the Cheyenne Prairie Generating Station. Whatever that new plant does not cover will come from market purchases and retail tariffs....