Black Hills Corp signs definitive agreements to serve Google data center in Cheyenne

Black Hills Corp (BKH) signed definitive agreements to serve a planned Google data center in Cheyenne, Wyoming. The company will invest $1.8B in new natural gas generation, provide 590 MW of grid-connected energy, and manage 2.1 GW of third-party resources. The project is expected to contribute ~$150M net income in 2030 and generate $2.4B unlevered free cash flow through 2048. No cost shifting to other customers.