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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

PG&E Bankruptcy Judge Considers Clashing Reorganization Plans

LCG, Jan. 17, 2002--At a hearing yesterday, U.S. Bankruptcy Judge Dennis Montali said that the California Public Utilities Commission would need to "tell me and show me that it really has some viable alternative," to PG&E's proposed reorganization plan.

Montali told those present at the hearing that PG&E's intent to transfer its assets outside the purview of the CPUC was "enormously risky". The CPUC, Montali said, would need to explain the details of how PG&E would pay its creditors.

The agency contends that by using about $5 billion that it now has at its disposal, PG&E would be able to start reimbursing creditors. Excess revenues earned in the future could also be utilized, it found. Alan Kornberg, a PUC lawyer, told the judge that its proposal specified a more reliable source of funding than refunds from power generators, as proposed by PG&E.

Montali is scheduled during a hearing on Jan. 25 to consider arguments on whether PG&E may override state and local laws as part of a reorganization plan. If PG&E were allowed to override the laws, legal disputes could result, according to the PUC.

Saying that his decision would likely come some days following the hearing on the 25th, Montali said the PUC plan "maybe has less uncertainty." He also stated that he was hopeful that more progress might be made between the PUC and PG&E through mediation.

At issue as well is the speed of approval of a reorganization plan. The official creditors' committee has expressed conditional support for the PG&E plan.

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