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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

Natural Gas and Heating Oil Price Forecast Released

LCG, Oct. 8, 2003--The Department of Energy has forecast that the wholesale cost of natural gas will be 9 percent higher during the upcoming winter relative to the previous winter, roughly double prices seen several years ago.

Supplies are predicted to be tight, even if temperatures are in the normal range. If the need for natural gas and heating oil for residential use is higher due to unusually cold temperatures, the cost of heating homes could rise by 22 percent over the cost last year.

Guy Caruso, who heads the Energy Information Administration (EIA) within the Department of Energy, said the forecast EIA released took into account tight supplies of gas and heating oil, as well as crude oil and petroleum products generally. Caruso told the Associated Press, "There's not a lot of cushion if something goes wrong."
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