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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

Nevada Power's $961 Million Rate Hike Not Half Enough;Casino Operators Balk at Prospect of $1 . Billion More

LCG, Dec. 28, 2001--Nevada Power Co., which has asked state utility regulators for a whopping $961 million (as in $0.96 billion) rate increase could be back asking for another rate hike of about $1 billion a year from now, the Las Vegas Review-Journal reported yesterday.

Casino operators, who are pretty good on figuring the odds, think it could happen and are unhappy about it.

The Nevada Energy Buyers Network, which represents casinos and other commercial customers, questioned the way Nevada Power based part of its proposed rates on future costs. The utility has based those costs on prices in contracts for wholesale power it either can't or chooses not to generate itself.

Nevada Power is confident it can renegotiate contracts with wholesale power providers so that it will pay less than the contract terms. Based on those assumed renegotiations, Nevada Power projects that its "going forward" cost should be 5.4 cents per kilowatt hour. But other utility documents show the rate should be 11.8 percent per kilowatt hour, the paper said.

The difference between the two is about $1.05 billion in annual revenue for Nevada Power.

Steve Boss, president of the buyer's network, said "The magnitude of the increase is a substantial financial impact on our clients, and our clients want to make sure in fact that the costs were prudently incurred as required (under state law)."

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