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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

Reliant to Acquire Orion Power in $2.9 Deal

LCG, Sept. 27, 2001--Reliant Resources Inc. and Orion Power Holdings Inc. announced jointly this morning that they have agreed for Orion to be acquired by the Reliant Energy Inc. spinoff in a transaction valued at about $2.9 billion.

The companies said Reliant Resources will also assume around $1.8 billion of Orion Power's net debt and that they anticipate that the transaction will be completed early next year.

Houston-based Reliant said it would pay $26.80 per share in cash for Orion, a price that represents a premium of about 40 percent based on recent trading levels for Orion.

Reliant said the deal would bolster its position as a leading provider of wholesale power, gas, and energy services, combining Reliant Resources' 14,100 megawatts of domestic capacity in operation or under construction with Orion Power's 6,500 megawatts.

The acquisition is structured as a cash merger and is conditioned upon approval by Orion Power's shareholders and regulatory approvals. Shareholders owning a majority of Orion Power's outstanding stock, including Goldman, Sachs & Co. and its affiliates, Constellation Energy Group, Inc., Mitsubishi Corp. and Tokyo Electric Power Co. International, have agreed to vote their shares in favor of the transaction.

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