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News
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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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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
FERC to Review New Filings for Market-Based Rates
LCG, August 10, 2004--Last month, the Federal Energy Regulatory Commission (FERC) issued its Order on Rehearing that confirmed and clarified the new methodology to assess generation market power. For American Electric Power (AEP), Southern Company, and Entergy Corp., yesterday was the deadline to file the market power analysis using the new rules. AEP indicates that the company passes both market screens in the control areas to which AEP is directly connected, while Southern and Entergy both stated in filings that they will fail portions of the new test.In the Order on Rehearing, the FERC stated, "Market-based rate authority is not a right. The Commission may grant such authority under the FPA only to applicants who demonstrably lack market power." Now the FERC must review the filings and determine how to proceed. At risk is the ability of each utility to sell wholesale electricity at market-based rates, rather than the incremental cost of generation.The two screening tests analyze a market participant's total amount of uncommitted capacity available for wholesale sales in a market. The first screen is the pivotal supplier analysis, which examines a participant's generation market power during the peak hour of the year, and is based on a control areas annual peak demand. The hours leading up to that point are the most likely time that a participant will be a pivotal supplier.The second screen is the wholesale market share analysis that examines the market share of a participant in all seasons. Both screens consider native load obligations, operating reserve requirements and other commitments of the participant's. If applicants pass both indicative screens, it is presumed that generation market power does not exist.If the participant fails either screen, it is presumed that the generation market power exists, and the participant can then rebut the presumption with additional analyses. Alternatively, a participant may accept the presumption of market power and go directly to mitigation or inform the FERC it will adopt the default cost-base rates or propose other cost-base rates.
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UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
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UPLAN-ACE
Day Ahead and Real Time Market Simulation
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UPLAN-G
The Gas Procurement and Competitive Analysis System
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PLATO
Database of Plants, Loads, Assets, Transmission...
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