Microsoft in talks with Chevron, Engine No. 1 over power pact, Bloomberg says

Microsoft (MSFT) is in exclusive discussions with Chevron (CVX) and investment fund Engine No. 1 over a long-term agreement that would underpin a major energy complex in West Texas that would provide power to a large data center campus, Bloomberg’s David Carnevali and Kevin Crowley report. The proposed natural-gas fired facility in West Texas is estimated to cost roughly $7B and initially generate 2,500 megawatts of electricity, people familiar with the matter told Bloomberg.