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FERC Proposes NEPA Revisions to Streamline Air Quality Analyses and Accelerate Natural Gas Projects

LCG, October 16, 2026--The Federal Energy Regulatory Commission (FERC) announced on Thursday its new proposal to revise and accelerate its review of air quality effects for proposed natural gas projects under the National Environmental Policy Act (NEPA). The draft policy statement highlights revisions designed to (i) avoid unnecessary delays and duplicative analysis and (ii) deliver greater regulatory certainty and a streamlined path forward for project applicants.

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AEP Announces 702-MW Bloom Fuel Cell Project to Serve Google in Wyoming

LCG, October 14, 2026--American Electric Power (AEP) today announced plans for a 20-year power purchase agreement (PPA) with Google, under which AEP will invest approximately $4 billion to advance a new 702-MW fuel cell generation project located near Cheyenne, Wyoming. Google will acquire power from Cheyenne Fuel Cell, LLC, which is approximately 92 percent owned and controlled by AEP and 8 percent owned by funds advised by Basalt Infrastructure Partners, LLP. AEP and its partners plan to start construction this year and to be fully operational by the end of 2028.

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Industry News

NRC Okays Vermont Yankee License Transfer to AmerGen

LCG, July 10--The Nuclear Regulatory Commission said yesterday it has approved the transfer of Vermont Yankee Nuclear Power Station's operating license to AmerGen Vermont, LLC, an ad hoc subsidiary of AmerGen Energy Co.

The license for the 500 megawatt plant located near Brattleboro, Vt., has been held by the facilitys operators, Vermont Yankee Nuclear Power Corp., since it began operation in 1972.

AmerGen Vermont was established by AmerGen to acquire and operate Vermont Yankee. AmerGen itself is a 50-50 joint venture between Peco Energy Co. and British Energy Plc, the United Kingdoms nuclear generation company, to buy and operate nuclear power plants in the U.S.

The NRC said the Vermont Yankee license transfer review was similar to others it conducted in conjunction with the acquisition by AmerGen of Three Mile Island Unit 1, in Pennsylvania, the Clinton nuclear power station in Illinois and the Oyster Creek Nuclear Generating Station in New Jersey.

AmerGen last year purchased Vermont Yankee from its 13 owners, Central Vermont Public Service Corp. (31.3 percent), New England Power Co. (20.0 percent), Green Mountain Power Co. (17.9 percent), Connecticut Light & Power Corp. (9.5 percent), Central Maine Power Co. (4.0 percent), Public Service Co. of New Hampshire (4.0 percent), BurIington Electric Department (3.6 percent), Montaup Electric Co. (2.5 percent), Cambridge Electric Light Co. (2.5 percent), Western Massachusetts Electric Co. (2.5 percent), Vermont Electric Cooperative Inc. (1.0 percent), Washington Electric Cooperative Inc. (0.6 percent) and Lyndonville Electric Department (0.6 percent).

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