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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

Connecticut Light & Power Rate Changes a Wash

LCG, June 21, 2001--The Connecticut Department of Public Utility Control said yesterday it will require Northeast Utilities subsidiary Connecticut Light & Power Co. to reduce its electricity delivery rates by $21.1 million.

At the same time, the utility will be required to increase by approximately the same amount its generation service charge, the price customers pay the company to make the electricity.

The transmission and distribution charge reduction results from over-earnings due to the company's reduction of stranded costs as a result of the sales of its generating assets. The generation service charge increase results from increasing costs of purchasing power, mostly because of the rising costs of power plant fuel.

The DPUC said in a news release that it will be easier for alternative energy service companies to sell generation competitively if CL&P must charge more for the electricity it sells. Customers will benefit because no matter who sells the power, it is delivered by the utility.

The department's decision includes an earnings sharing mechanism for future excess earnings under which future earnings above 10.3 percent will be shared 50 percent by customers and 50 percent by shareholders.

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