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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

Duke Announces It Did Not Participate in Enron Strategies, Dynegy Rewrites 2001 Revenues

LCG, May 17, 2002-The Federal Energy Regulatory Commission ordered energy companies to hold onto trading records and state whether or not they participated in certain trading strategies, and the some of the most recent companies to respond are Duke and Dynegy.

Duke Energy asserted today that it did not participate in any of the twelve strategies outlined in the Enron memos released last week. The company said that it looked over trading from 1999 to 2001 and that under 1 percent of trades and revenues were from such trades, adding that those falling in that less-than-1-percent were conducted to ensure real-time prices, not increase volume.

Meanwhile, Dynegy, which is under formal investigation by the Securities and Exchange Commission, has revised its 2001 net income by 12 percent after a tax benefit, related to a natural gas transaction, came under review.

Baltimore-based Constellation Energy Group also announced yesterday that it did not participate in trading volume inflation and that it never had any goals to trade in high volume.

Last week and early this week energy companies Reliant Resources and CMS Energy Corp. said they did participate in "round-trip" trading in order to increase trading volume.

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