Black Hills signs agreements to serve Google’s planned Cheyenne campus
Source-based reporting and analysis · Event: October 6, 2026 · Sources reviewed: 2026-10-07
Published October 7, 2026 · Sources last reviewed October 7, 2026. The planned Google campus is not yet part of the project inventory.
Black Hills said definitive agreements effective September 30 cover up to 590 MW of grid service for a planned Google data center. The utility expects to build 564 MW of gas generation and coordinate additional contracted resources; service is targeted to begin in late 2027.
Investor implications · Our analysis
the agreements convert an unidentified large-load prospect into a named long-term customer and create a defined utility investment path. The $1.8 billion generation plan is not closed financing, delivered capacity, operating load or realized earnings.
What to watch next
Wyoming decisions on the South Cheyenne transmission CPCN and related tariff mechanisms, the industrial-siting process, financing execution and documented start of service.
Black Hills in Company Exposure → · Alphabet company profile →
Sources and verification
Three accessible documents from three publishers were reviewed: the utility disclosure, Wyoming PSC public records and independent Reuters reporting. The company remains the source for contract economics and delivery targets; regulatory applications do not establish approval of the full campus, construction completion or customer service.
- Black Hills Corp. · 2026-10-06
Reports definitive agreements effective September 30, 590 MW of grid service, 564 MW of planned company-owned gas generation, about 2.1 GW of managed third-party resources, $1.8 billion of expected generation investment and deliveries targeted to begin in late 2027. These are contracted plans, not operating load or realized earnings.
- Wyoming Public Service Commission · 2026-09-11
Lists docket 20003-278-EN-26 (Record 18235) for proposed South Cheyenne transmission facilities and docket 20003-273-EM-26 (Record 18157) for the large-customer transmission adjustment and tariff changes. The records establish applications and proceedings, not approval of the full campus or delivered service.
- Reuters · 2026-10-06
Independently reports the agreements, the planned $1.8 billion investment, 564 MW build and expected service ramp. Reuters does not establish construction completion, financing close or operating data-center load.
Page Update History
— Added publisher attribution, AI disclosure and this update-history section. This presentation update does not represent a new factual source review.
Earlier publication and source-review dates remain as stated on this page. This is the first entry in this standardized log; it is not a reconstruction of earlier revisions.
Further reporting · October 14, 2026
AEP identifies Google as buyer for its planned Wyoming fuel-cell plant → The new report covers a separate generating entity. The earlier dated Black Hills account and its original source-review date are preserved.
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Updated October 16, 2026: Corrected the Reuters wire date to October 6, 2026 and linked an accessible syndication, which carries an October 7 publication date. It remains one underlying Reuters report.