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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

Sierra Pacific Says Portland General Deal Kaput

LCG, April 27, 2001--Sierra Pacific Resources Corp. owner of both Nevada electric utilities, said yesterday its deal to buy Enron Corp.'s Portland General Electric Co. subsidiary has been terminated by mutual agreement.

Last month, Enron Chief Executive Jeffrey Skilling said that the transaction had only a "5 percent probability" of going through, citing regulatory changes in Nevada which would affect Sierra Pacific's ability to consummate the deal.

A month ago, Nevada regulators told Nevada Power Co. and Sierra Pacific Power Co. to hold off on selling their power plants because of fears that California's energy crisis could spread across the border. Last week, the Nevada legislature officially put electric deregulation on hold, and the measure was immediately signed into law.

Sierra Pacific Resources had planned to use the proceeds from its power plant sales to pay Enron for its Portland, Ore., utility.

"While this acquisition would have offered many efficiencies in utility distribution for customers in both Nevada and Oregon, completing it was becoming increasingly difficult in the current market andpolitical environment in the west," said Walt Higgins, Sierra Pacific Resources chief executive.

Skilling said in a statement yesterday "As we have discussed in the past few weeks, the energy markets in California and Nevada have led to a regulatory and legislative environment that has made this transaction increasingly difficult to complete."

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