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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

Texas Commission Changes Requirements for Power Rate Increase

LCF, March 6, 2003The Texas Public Utilities Commission (TPUC) has changed the way in which retail power rates may be allowed to increase due to natural gas prices.

Texas deregulation permits utilities to increase the fuel cost benchmark rate as many as two times a year, provided gas prices increase by 4% or more in a ten-day period.

The TPUC changed its stance yesterday, requiring a 5% increase in gas prices over 20 days instead.

The benchmark rate, or price-to-beat, is that which customers can use to determine the fair price when comparing power rates charged by energy retailers and established utilities.

The commission said that the changes were made to alleviate the possibility of disruptive, short-term spikes in rates due to natural gas.

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