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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

Southern Gets SEC Okay to Form New Unit

LCG, Jan. 10, 2001The Southern Co. said yesterday that it has received final approval from the Securities and Exchange Commission to form a new subsidiary that will own, manage and finance wholesale generating assets in the Southeast U.S.

Southern Co. said the new subsidiary, which will carry the legal name of Southern Power Co., will be the primary growth engine for its market-based energy business. The company said its goal is to increase income from the new subsidiary by 15 percent annually so that in five years Southern Co. earnings from wholesale market sales will more than double.

"We expect that this will allow us to move faster and more aggressively in seizing wholesaleopportunities throughout the South," said Charles McCrary, Southern Company chief productionofficer and president of Southern Company Generation.

By 2005, plans call for the new subsidiary to have developed or acquired more than 7,500megawatts of generation dedicated to the competitive wholesale business. Within 10 years, the new wholesale generating company is expected to own more than 15,000 megawatts of capacity, the company said.

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