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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

India Says AES Could Take Over Enron's Dabhol

LCG, June 28, 2001India's federal power minister said this morning that there would be no objection raised if U.S. electricity company AES Corp. were to take over the Dabhol Power Co. in Maharashtra state from American energy giant Enron Corp.

Enron and lenders to the 2,184 megawatt Dabhol project have reached an impasse with the Indian federal government, Maharashtra state, the Maharashtra State Electricity Board and Maharashtra regulators over payment for power produced by Dabhol and sold under a six-year-old contract to the MSEB.

The 740 megawatt fist phase of Dabhol began commercial operations last year and the MSEB has repeatedly defaulted on payments for power, forcing Enron to exercise state and federal guarantees. Maharashtra has escalated the confrontation by saying it now wants to renege on its obligation to accept power from the 1,444 megawatt second phase, which is nearing completion.

Enron and its non-Indian lenders have authorized Dabhol to terminate its agreement with the MSEB and lay recovery of their investments before the International Court of Arbitration in London, a move that would further tarnish India's reputation as a safe haven for foreign investment.

Federal Power Minister Suresh Prabhu said this morning "If both parties agree we have no problem. We will encourage any investment in the power sector, so AES is welcome."

AES Corp.'s Indian subsidiary acknowledged it was interested in Dabhol but had neither made nor received a proposal. The company said in a statement that it "has a long-term view of the Indian power market and would consider getting involved with the Dabhol and other projects if an appropriate opportunity presents itself."

AES, which has been involved in the Indian power sector for nearly a decade, said in its statement "The commitment and willingness of parties to a contract to honor their commitments is an important consideration for our investment decision in any project."

Enron might point out that "commitment and willingness to honor contracts" is at the root of its problems with Maharashtra.

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