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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 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.
The draft policy statement proposes to no longer request air dispersion modeling from applicants for Natural Gas Act (NGA) projects or rely on this modeling in assessing operational air quality effects under NEPA. The announcement states that it recognizes the extensive protections and mitigation requirements built into the Clean Air Act’s exacting regulations, which reflect the expertise and scientific judgment of the Environmental Protection Agency (EPA) and state agencies—the expert administrative bodies Congress actually charged with safeguarding the Nation’s air quality. In light of this pervasive regulatory regime, the Commission proposes to use other information submitted by applicants, and identified by Commission staff, to analyze the air quality effects of proposed projects. The Commission will continue to thoroughly address air quality effects in its NEPA documents to disclose any adverse environmental effects, but in a more streamlined way.
The Chairman said, "From my first day as Chairman, streamlining NEPA reviews has been one of my top priorities. Today’s landmark draft policy statement is a defining step in our mission to cut unnecessary delays and deliver regulatory certainty. My legacy will not be cowering timidity. It will be surgical, strategic, aggressive reform that propels the country and our next generations into energy security and prosperity."
The draft policy statement proposes to more closely align the Commission’s NEPA analysis with its statutory roles, consistent with Supreme Court guidance and aligned Congressional mandates. It also proposes to end unnecessary overlap with the permitting responsibilities entrusted to air regulatory agencies under the Clean Air Act.
FERC's announcement states that interested parties may submit comments on the implementation of the draft policy statement by November 16, 2026.
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The Locational Marginal Price Model (LMP) Network Power Model
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Day Ahead and Real Time Market Simulation
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