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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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Constellation and Google Announce Strategic Collaboration that Includes 890 MW of New Nuclear Capacity to PJM Grid

LCG, October 6, 2026--Google and Constellation Energy today announced a long-term strategic clean energy collaboration to bring 890 MW of new, reliable, carbon-free nuclear capacity onto the PJM Interconnection grid to meet growing demand and increase grid reliability. The first uprate is expected to be delivered by 2028.

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Industry News

Green Mountain Power Gets 3.42 Percent Increase

LCG, Nov. 14, 2000-- Green Mountain Power Corp. said yesterday that it has negotiated a final settlement with the Vermont Department of Public Service in the Company's rate case that will allow a 3.42 percent rate increase beginning next January 23.

Christopher L. Dutton, the utility's chief executive, said "Reaching a final agreement on GMP's rate case was crucial to GMP's continuing ability to have the financial ability to provide service."

Dutton pointed out that the financially pressed company has been on an austerity program. "GMP sold its corporate headquarters and re- engineered its internal processes, leveraging technology to improve service while lowering costs. Our new streamlined organization now operates with 195 employees, down from approximately 320 in June 1998. The result of this effort is savings of approximately $5 million a year in operating costs, and high customer service performance," he said.

In the settlement, Green Mountain agrees to write off about $3.2 million in certain regulatory assets this year, and further agrees to freeze its dividend at current levels until it can replace current short-term credit facilities with either long-term debt or equity financings.

The settlement acknowledges that Green Mountain, over the past several years, has not collected in rates over $17 million in power supply costs related to Hydro Quebec and that it will not be subject to further prudence penalties relating to the Vermont Joint Owners Hydro Quebec contract.

"As a result of the resolution of the treatment of Hydro-Quebec costs, we have agreed to stay GMP's appeal to the Vermont Supreme Court of the Vermont Public Service Board's 1998 decision disallowing certain Hydro Quebec costs, pending receipt of Board approval of the settlement," Dutton said.

Green Mountain also agreed to "consult extensively" with the Department of Public Service regarding capital spending commitments for upgrading its electric distribution system. The company and the Department also agreed to customer care and reliability performance standards.

The average bill for a GMP residential customer using 500 kilowatt-hours in a month would increase by $2.19 to $66.22 if the settlement is approved.

The settlement agreement does not involve all parties to the case and must be approved by theVermont Public Service Board, the company noted.

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