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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

Virginia SCC Authorizes AEP to Join PJM

LCG, August 31, 2004--The Virginia State Corporation Commission (SCC) yesterday authorized American Electric Power's (AEP) subsidiary, Appalachian Power Company (APCo), to transfer control of its transmission assets to the PJM Interconnection (PJM), with the implementation planned to occur October 1, 2004. Although PJM will control the transmission system, APCo retain ownership.

State law requires Virginia electric utilities to accomplish such transfers by January 1, 2005, subject to approval of the SCC. In its order, the SCC stated, "...PJM represents one of the best, if not the best, available RTE (regional transmission entity) models and is the only feasible option at this time for AEP-VA to satisfy the requirements of the Restructuring Act."

In the order, the SCC addresses the cost/benefit studies presented and concludes, "Witnesses for both the Company and the Staff agree that AEP-VA's integration into PJM can be expected to have a de minimis impact on the Company's net costs and benefits....We agree that the cost/benefit studies do not establish a significant economic detriment. Accordingly, based on the evidence in this case and the Stipulation, we find that the Restructuring Act requires our approval of the Application.

The following terms and conditions were part of the stipulation accepted by the Commission:

1. APCo will not attempt to recover any administrative, congestion, or increased costs for ancillary services associated with the transfer except through a base rate case that requires SCC approval.

2. APCo customers will receive a modest monthly credit (about $2.40 annually for residential customers) on their electric bills beginning January 2005 to reflect a share of projected benefits from APCos integration into PJM.

3. APCo and PJM are required to provide various annual reports intended to assist the SCC with monitoring electricity transactions, transmission reliability, and congestion pricing in the PJM market and their respective impacts on APCo customers in Virginia.

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