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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

Duke Affiliate Settles Charges of False Reporting

LCG, Sept. 17, 2003--Duke Energy Trading & Marketing, an affiliate of Duke Energy Corp., was issued an order by the Commodity Futures Trading Commission to pay $28 million, based on the agency's findings that the affiliate had knowingly reported false trading information to publishers of natural gas transactions, charges that the company neither admitted nor denied.

The CFTC stated that price and volume information was falsified in cash-based transactions, some of which did not in fact take place. The regulatory agency also concluded that reporting by Duke Energy Trading & Marketing could have had an effect on prices of natural gas futures contracts traded on the New York Mercantile Exchange. The time during which the reporting was to have taken place is January 2000 through August 2002, through the Houston office.

The $28 million consitutes a civil penalty, and is linked with a pledge by Duke of cooperation in further fact-finding by the CFTC.
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