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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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Constellation and Google Announce Strategic Collaboration that Includes 890 MW of New Nuclear Capacity to PJM Grid

LCG, October 6, 2026--Google and Constellation Energy today announced a long-term strategic clean energy collaboration to bring 890 MW of new, reliable, carbon-free nuclear capacity onto the PJM Interconnection grid to meet growing demand and increase grid reliability. The first uprate is expected to be delivered by 2028.

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Industry News

Hyder Reconsiders Spin-off of Power Business

LCG, July 18, 2000--Hyder, the Welsh water and energy utility being pursued by the Japanese investment bank Nomura Securities and WPD, a U.S. venture between PPL Inc. and The Southern Co., said in a statement yesterday that it was reconsidering a separate sale of its electricity business.

The company said that earlier this year it had considered selling the electricity business and transferring its water business to an alternative ownership structure but had backed off because of loan conventions which would have required the company to pay off much of its 1.67 billion ($2.5 billion U.S.) debt at significant premiums.

The company said lenders have since indicated that they would be more flexible so the possibility of the breakup of the company was being reconsidered.

"The board has decided to re-examine this option with a view to offering shareholders greater value than either of the current offers and has appointed Merrill Lynch to work with its other advisors in developing this possibility," the company said in its statement.

Nomura had offered 402 million ($602 million) for the company earlier this year. WPD has since offered 464 million ($695 million) and has received approval from the European Commission.

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