Black Hills Corp (BKH) says it will power Google's planned Cheyenne data center and will invest about $1.8 billion in new generation capacity from 2027 to 2029. The arrangement signals growing data-center demand for utilities and could boost BKH's rate-base growth and earnings visibility, subject to regulatory approvals and project execution.
Analyst reiterated Underperform rating on Black Hills Corporation (BKH). BKH faces $1.6 billion in debt maturities, impacting EPS growth. Growth in electric utility operations expected but EPS estimates below consensus.