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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

TXU May Sell North Sea Gas Assets

LCG, Aug. 30, 2000TXU Corp. subsidiary TXU Europe said yesterday that it was considering the sale of its North Sea natural gas production business in order to devote the proceeds of such a sale to its energy trading and supply business.

This morning's issue of Financial Times said the company was in talks with four potential buyers for TXU's interests in four gas fields in the southern part of the North Sea. The value of the assets is estimated to be about 150 million ($221 million U.S.).

A TXU Europe official told the paper "Following a number of unsolicited expressions of interest, the company has decided to formalize a review of this part of the business."

TXU Europe, which owns British regional electric company Eastern Energy, paid 310 million ($456 million) earlier this month for Norweb, another REC, from United Utilities, a British firm. On Monday of this week, the company said it would assist Hidroelctrica Cantbrico, Spain's fourth-largest electricity generator, in finding a buyer for itself.

TXU Europe purchased the North Sea assets less than two years ago at a cost of about 120 million ($176 million) in two separate deals with Broken Hill Properties of Australia and Monument Oil and Gas.

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