Black Hills Corp has signed an agreement with Google to build 564 MW of natural gas generation capacity at the Cheyenne Prairie Generating Station in Wyoming. The investment totals $1.8 billion between 2027 and 2029, fully funded by Google. The utility will also manage 2.1 GW of third-party resources through a private microgrid, bringing the total energy mix to 2.7 GW. The deal is projected to add approximately $150 million in net income by 2030 and generate roughly $2.4 billion in unlevered free cash flow through 2048. BKH shares rose approximately 5% following the announcement.
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