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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

Climate Trading Gains Momentum in EU

LCG, June 25, 2003--Lawmakers for the European Union will put a measure that would create a system for trading of carbon dioxide emission allowances to a vote before the European Parliament next Wednesday.

If approved, it would require that companies in industries such as oil refining, steel, cement, ceramics, glass and paper manufacturing release emissions based on tradable permits that would be priced by the market. The European Union could make progress towards emission reductions under the United Nations Kyoto Protocol. No decisions have been made yet on how to allocate the initial set of emission credits to particular industries, although the credits would be allocated by January 2005.

If companies fail to reduce emissions to match the number of credits they have or do not buy enough additional credits, they would have to pay fines of 40 euros per ton, and 100 euros by 2008. The trading of credits by EU companies would be allowed only within the EU at first, but might be allowed with companies elsewhere at a later date.
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