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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

New Jersey Regulators Extend First Energy, GPU Talks

LCG, June 25, 2001Hearings before a New Jersey Board of Public Utilities administrative law judge, aimed at arriving at a settlement of regulatory concerns about plans by First Energy Corp. to acquire GPU Inc., have been extended until July 9, GPU said Friday.

GPU said the judge has asked partied to the talks to continue their discussions, noting that the extension will postpone a decision that the judge had scheduled for June 29.

If First Energy is allowed to acquire GPU, the $4.5 billion merger will create an electric utility serving 4.2 million customers in a service territory stretching from the western edge of Lake Erie to the Jersey shore.

Energy analysts were not surprised by the delay, saying that they expected the law judge wanted to hear more from First Energy on the merger. The Ohio utility has disappointed the Board staff and the New Jersey Ratepayer Advocate by its lack of candor, one said.

A big reason for the delay could be GPU's request of New Jersey regulators that it be allowed to employ deferred accounting to cover power purchase costs that it cannot recover under New Jersey's rate cap.

Last Week, Pennsylvania approved such accounting, leaving only New Jersey and the U.S. Securities and Exchange Commission as bodies from which approvals for the merger are needed.

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