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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

Entergy Beats Market Expectations

LCG, Feb. 5, 2003--Fourth-quarter net income for Entergy Corp. as announced last week was three times the amount reported for the same period last year, supported by results in energy trading and the company's nuclear portfolio.

Operating earnings from the company's core business were 34 cents a share, whereas analysts had expected 26 cents per share. Net income was $81.7 million, with revenue at $1.88 billion. The energy trading unit contributing to the results is a joint venture with Koch Industries, Entergy-Koch. The purchase of the nuclear plant Vermont Yankee in July of last year helped earnings in the nuclear unit to rise 17%.

The company's chief executive, J. Wayne Leonard, noted that 2002 "was a year of disappointing performance in our industry, and as these results became more common and more unexpected, the crisis affected everyone... Despite all of this, Entergy maintained its strong cash position, improved its creidt quality and liquidity, and exceeded its targeted operational-earnings growth."

Entergy has a portfolio of approximately 9,000 megawatts of generating capacity either operating, under construction or under development. Entergy-Koch LP, in addition to trading, has an extensive pipeline system managed under its Gulf South Pipeline subsidiary.
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