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Google Data Center Deal Promises $150M Net Income
6 Nov
Summary
- Google data center deal expects $150 million net income by 2030.
- Project includes significant contractual protections for costs and assets.
- Merger with NorthWestern Energy awaits final regulatory decision.
Black Hills Corporation has secured a significant agreement to power a planned Google data center in Wyoming, with projections indicating an annual net income of $150 million by 2030. This project is designed with substantial contractual safeguards, such as cost pass-through mechanisms and mitigation for stranded asset risks.
The company is also advancing its merger with NorthWestern Energy, pending a final decision from Montana regulators. This quarter saw regulatory progress with rate settlements approved in Arkansas and South Dakota, reinforcing a capital plan focused on enhancing reliability and expanding infrastructure for major clients.
Management has reaffirmed its 2026 adjusted earnings guidance and plans to release an updated five-year capital forecast in February 2027. The Google contract's economic terms are largely fixed, offering predictable revenue streams, and potential for further data center growth in the region is highlighted by Microsoft's land acquisitions.
