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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

Enron Files for Chapter 11 Bankruptcy

LCG, Dec. 3, 2001--Enron Corp., collapsing like a house of cards, filed for Chapter 11 bankruptcy yesterday and, at the same time, sued Dynegy Inc. for $10 billion for walking away from a deal to acquire Enron.

Enron filed for Chapter 11 reorganization in U.S. Bankruptcy Court for the Southern District of New York, and filed suit against Dynegy in the same court. In addition to seeking the $10 billion in damages, Enron asked the court to declare that Dynegy is not entitled to exercise its option to acquire Enron's Northern Natural Gas Pipeline.

In a statement, Kenneth L. Lay, Enron's embattled chairman and chief executive, insisted in spite of growing evidence to the contrary that "From an operational standpoint, our energy businesses-including our pipelines and utilities-are conducting normal operations and will continue to do so."

Dynegy responded this morning to Enron's lawsuit with a suit of its own, seeking to protect its option to purchase Northern Natural Gas Pipeline.

Chuck Watson, Dynegy's chairman and chief executive, said "This morning in Houston, Texas, Dynegy filed a lawsuit against several Enron subsidiaries which are not in bankruptcy. This suit demands these companies live up to their obligations."

When Dynegy and Enron announced their merger on November 9, Dynegy advanced $1.5 billion to Enron and was given as collateral shares of preferred stock which constitute an option to purchase the 500-mile pipeline. Last Thursday, Dynegy chose to exercise that option.

Watson characterized Enron's suit to block the pipeline deal as "frivolous and disingenuous."

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