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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

AES Says Brazil will Cover Power Rationing Losses

LCG, Dec. 27, 2001--Global power company AES Corp. said this morning it reached an agreement with the Brazilian government that would let it recover its losses relating to electricityrationing in the power-starved country.

AES said the agreement applies to both its generation and distribution businesses in Brazil, and will be implemented through a price increase to final consumers. This agreement applies to the rationing-related loss of income incurred since the inception of rationing in June 2001 as well as any such losses that may occur in the future.

AES also said it reached an agreement with the Brazilian government that will eliminate delays in passing along costs. Price increases will be phased in over three to four years, the company said.

President Fernando Cardoso has issued an executive order putting the agreement onto effect. In accordance with this executive order, the Brazilian regulatory authority, ANEEL, authorized the necessary tariff increases today, the company said. The tariff increases are effective immediately.

Luiz David Travesso, an AES vice president, said "The success of our negotiations is a testament to the government of Brazil's desire to protect the economic value of our investments and to the durability of the contract-based regulatory structure in Brazil. The estimated net financial impact of this agreement is consistent with our expectations."

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