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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

Interior to Offer Incentives for Gas Drilling in Gulf of Mexico

LCG, Jan. 23, 2004--Royalty relief for companies drilling for natural gas in the Gulf of Mexico were announced today by Interior Secretary Gale Norton as a way of boosting gas supply.

The relief would be offered for drilling at depths beyond what is now considered economical, as well as for extensions of existing wells that head in new directions. If the price of natural gas rose to a particular point, the relief would be suspended, Norton said.

Johnnie Burton, director of the Minerals Management Service within the Department of the Interior, said, "Since infrastructure and lease-specific facilities are already in place, the Outer Continental Shelf is one of the best available sources for additional near-term domestic natural gas supply to meet the nation's needs." Although Norton acknowledged that the relief would have some impact on the Treasury, she stated that the relief would lead to employment in drilling and a savings to consumers of about $570 million.
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