Chevron, Microsoft, and Engine No. 1 are negotiating a team-up for a multi-billion power plant in West Texas intended to power a huge data center campus, in the latest energy deal to power AI infrastructure. "Chevron, Microsoft, and Engine No. 1 have entered into an exclusivity agreement related to a proposed power generation and electricity offtake arrangement," the companies said in a statement to Bloomberg, which reported that a proposed natural gas-fired power plant in West Texas could cost $7 billion and generate 2,500 MW of electricity. This…