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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

RGS Shareholders Okay Takeover by Energy East

LCG, June 18, 2001--Shareholders of RGS Energy Group, the parent company for Rochester Gas & Electric Co., on Friday approved the company's acquisition by Energy East, the former new York State Electric & Gas Co., creating one of the largest diversified energy providers in the U.S. Northeast.

Under terms of the acquisition, shareholders of RGS will get $39.50 for each share, payable in cash or in Energy East stock as long as Energy East's common stock prices fall within the range of $16.57 and $22.41.

"RGS Energy's operations in nine counties centering around Rochester will provide a solid base forgrowth," Wes von Schack, Energy East's chief executive told the company's annual meeting.

Von Schack said RG&E's generation portfolio will help Energy East manage some of the business risks that are naturally inherent in a transmission and distribution business. "RG&E's powergeneration facilities substantially satisfy its customers' needs, and will help support some of NYSE&G's supply requirements and improve our ability to continue to deliver electricity at stable prices," he said.

The electricity shortages and price shocks that are impacting several parts of the country, mostnotably California, are also being experienced in New York. "Fortunately, NYSE&G customers havebeen spared these price shocks because their electricity supply and delivery prices have been frozensince 1995," von Schack said.

If approved by state and federal regulators, the acquisition is expected to close next year, Energy East said. The combined company will serve 3 million customers, including about 1.8 million electricity customers, 1 million natural gas customers and about 200,000 other retail energy customers.

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