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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

Court Rules Out PG&E Legal Maneuvers

LCG, Nov. 20, 2003--Utility Pacific Gas & Electric Co., which reached a proposed settlement with regulators over its bankruptcy reorganization in June, was told by the 9th U.S. Circuit Court of Appeals yesterday that a threatened series of corporate asset transfers to new companies would not be allowed.

The moves were part of the utility's own reorganization plan before the settlement was reached with regulators. PG&E indicated that if any changes were made to the terms of the settlement, it would act on the legally novel strategy it had developed, and which a lower court decision would have allowed. According to a statement by California's Attorney General Bill Lockyer's spokesman Tom Dresslar, "To the extent that PG&E threatened to go back to its original plan ... the 9th Circuit today took that arrow out of its quiver."

Members of the California Public Utilities Commission, who will decide next month what action to take on the draft settlement in question, indicated that the ruling would cause them to review possible changes to the settlement. Geoffrey Brown, one of the commissioners, said the ruling would allow him to consider changes that might be less favorable to PG&E. The deal allows PG&E to pay down its debts using above-cost rates, while earning a guaranteed after-tax profit of 11.2 percent over many years.

Consumer groups have said that the deal amounts to unfair subsidization, while some business groups believe that the high cost of electricity in Northern California imposes a drag on the region's economy.
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