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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

Oregon Approves Sierra Pacific-Portland General Deal

LCG, Oct. 31, 2000--The Oregon Public Utility Commission yesterday approved the pending acquisition by Sierra Pacific Resources Corp. of Portland General Electric Co. from Enron Corp.

Walter M. Higgins, chief executive of Sierra Pacific, said "PGE is one of the premier electric utilities in the West and this approval moves us one step closer to the merging of our two companies."

Peggy Fowler, chief executive of the Portland-based utility, said "The ultimate winners are our Oregon customers. The agreement assures they can continue to receive the same level of outstanding service that they have come to expect from PGE."

Sierra Pacific said the PUC approval calls for a six-year price freeze for PGE customers and a $95 million credit for Oregon consumers. The "acquisition credit" will be shown on monthly power bills as soon as the transaction is complete and will continue through Sept. 30, 2007.

"We still have additional approvals to obtain, but the PUC approval is a significant step," addedHiggins. "We must still obtain approval from the Federal Energy Regulatory Commission and theSecurities and Exchange Commission. We're working toward that and anticipate closing thetransaction early next year."

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