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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

Nevada Utilities Ask FERC to Cut Prices in Power Contracts

LCG, Dec. 6, 2001--Nevada Power Co. and Sierra Pacific Power Co., both subsidiaries of Sierra Pacific Resources Inc., said yesterday they have filed formal complaints with the Federal Energy Regulatory Commission seeking a reduction in future prices on contracts they entered into when wholesale power prices were higher than they are now.

The companies say the problem with their contracts is more than bad timing. The energy crisis in neighboring California had driven wholesale electricity prices to record highs and there was a question as to whether power would be available to the Nevada utilities to serve their customers in 2002 and 2003.

The companies complain that the prices for power under their contracts are "the product of markets found by FERC to be dysfunctional and not competitive" and should come under the same price caps the commission imposed on spot power sales in the West last June.

Nevada Power and Sierra Pacific Power were happy with their 2002 and 2003 contracts until FERC imposed price caps on the spot market last June. That, coupled with new generation sources coming on line and benign weather, resulted in a dramatic easing of wholesale prices in both the spot and long-term markets.

Now, the companies feel that FERC is "penalizing states that had secured longer-term contracts at a time when spot power prices were out of control," according to Walt Higgins, chairman, president and chief executive of Sierra Pacific Resources

In their filing, made under Section 206 of the Federal Power Act, the companies are asking FERC to reduce the prices of the contracts to the current market prices.

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