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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

LG&E, Powergen Get SEC Okay,Deal Should Close in a Few Days

LCG, Dec. 7, 2000--Powergen Plc of the United Kingdom received approval yesterday from the U.S. Securities and Exchange Commission for its acquisition of LG&E Energy Corp. ofLouisville, Ky.

The companies said it was the last approval needed for consummation of the merger, which is expected to close "in the next few days."

"The speed with which this transaction has been concluded is a tribute to the people at bothcompanies who have worked diligently to make this powerful combination a reality," said Roger W.Hale, LG&E Energy's chief executive. "We sincerely appreciate their efforts."

"Additionally, we'd like to thank our regulators, both in the United States and the United Kingdom, who recognized the value of this merger for the companies, their employees, their communities and theirshareholders," he added.

LG&E said that shortly after the closing its shareholders will receive letters of transmittal containing instructions for submitting their stock certificates at the agreed upon price of $24.85 a share.

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