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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 Seeks 15.25 Percent Return on Moapa Project

LCG, August 6, 2004--Nevada Power's recently proposed purchase of the partially completed Moapa Power Plant from Duke Energy Corporation includes a proposal to the Public Utilities Commission of Nevada (PUCN) to allow a 15.25 percent return on equity. Earlier this year, the PUC set the allowable rate of return for Nevada Power at up to 10.25 percent. The total cost of the Project is estimated at $558 million, including the $182 million payment to Duke. The purchase is subject to approval by the PUCN, with operations targeted for June 2006.

Nevada Power, a wholly owned utility of Sierra Pacific Resources, recently filed an amended Integrated Resource Plan (IRP) with the PUCN to incorporate the Moapa Project. On Wednesday, participants in the case filed written testimony with the PUCN. The Bureau of Consumer Protection, the Southern Nevada Water Authority and PUC staff members supported the purchase but requested the PUC reject or modify the 5 percentage point incentive increase proposed by Nevada Power for the return on equity associated with the new plant. The PUC staff recommended reducing the return from 15.25 percent to 13.25 percent. The hearings on the Moapa Project are scheduled on August 25, 2004.

The Moapa Project is located about 20 miles northeast of Las Vegas in the Moapa Valley. The natural gas-fired project consists of two, 600 MW combined cycle plants. The plant is roughly 50% complete, with the gas and steam units already set on their foundations. Nevada Power plans to complete the contruction. The plant will connect to the Kern River Pipeline, and Nevada Power plans to pursue pipeline capacity through Kern River's open season planned for later this year.

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