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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

Calpine May Renegotiate California Power Contracts

LCG, Dec. 12, 2001--Calpine Corp. said yesterday it will meet later this week with California state officials to discuss long-term power contracts between the independent power producer and the California Department of Water Resources.

The contracts, negotiated last spring when the state was facing a future of rolling blackouts due to power shortages, are for electricity at prices significantly higher than the current spot market price of $25 per megawatt-hour.

The CDWR, which signed $43 million worth of those contracts at an average price of $69 per megawatt-hour, has been under intense pressure to renegotiate them.

Calpine did not say it would rewrite its contracts to give the state a better price.

"Calpine and the state stand behind their respective contractual obligations. However, we are open to working with (the CDWR) to explore options that can add value for both parties," said James Macias, Calpine's lead negotiator for the contracts.

Under two contracts, Calpine has contracted to provide the CDWR with up to 2,000 megawatts of baseload power and up to 735 megawatts of peaking power, all of it from its own natural gas-fueled power plants.

Because Calpine, at the time the contracts were negotiated, let contracts for the supply of natural gas fuel for the plants at then-high gas prices, it would be difficult for the company to now reduce the amount it is to be paid for the power, observers say.

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