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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

UK's International Power Eyes Enron Assets

LCG, Nov. 16, 2001--International Power of the UK, on the strength of good third quarter results which were buoyed by revenues from its U.S. power plants, was said to be eyeing the generation assets of Enron Corp.

The Evening Standard, a British newspaper, said yesterday that International Power, which was created by the split-up of National Power, could make a rival bid for Portland General Electric Co. of Oregon, because it already has a power project in the Portland, Ore., area.

Utility holding company Sierra Pacific Resources Corp., owner of two Nevada electric companies, has been negotiating since summer to acquire PGE from Enron.

The paper also said International Power could pursue acquisition of Enron's big Teesside plant in England, which it said could be had for around $800 million. International Power recently reentered the UK generation business with its acquisition of the Rugeley power station.

Enron also has 4,500 megawatts of assets in Europe which the paper feels International Power could pursue. These include plants in Italy where the British company is developing greenfield plants and has been linked with a deal to buy a large portfolio of assets from Enel.

The Evening Standard noted that five new natural gas-fueled power plants International Power brought on-line in the U.S. this year helped the company boost its underlying profits before interest and tax by 46 percent to $240 million in the first nine month.

Strong cash flow also enabled International Power to reduce net debt by 13 percent to $927 million, the paper said, giving it financial wiggle room to go after Enron's generation assets.

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