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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

FERC Survey to Determine Cooperation with Reporting Standards

LCG, Sept. 8, 2003--Two surveys will be conducted by the Federal Energy Regulatory Commission, one in October, and the next in March, to determine whether natural gas and electricity traders are conforming to voluntary guidelines established by the agency regarding price reporting to index publishers.

Buyers and sellers of gas and electricity in the cash market will be asked to respond to 20 questions that are meant to gauge the level of participation in price reporting, the detail with which trades are being reported, and company systems for circulation of such information beyond traders, to managers.

Comments on the surveys will be accepted through Sept. 17. Some index publishers have already submitted ideas about how more meaningful and accurate price indices can be developed. The departure of some companies from energy trading has impacted the volume of data reported, as has companies' wariness concerning possible investigations into alleged manipulation.
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