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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

CA Attorney General Says Gaming of Power Market Still Possible

LCG, Apr. 13, 2004--Market manipulation of "epidemic" severity is still a possibility in California's power market, the state's attorney general Bill Lockyer maintains in a newly released report.

"The incentives to game the market and create disruption appear, for the most part, to remain in place," the report states. According to the findings in the report, neither the state nor the Federal Energy Regulatory Commission has put in place policies that will effectively deter attempts at manipulation.

The report criticizes a rule established by the FERC that restricts requests for refunds to sixty days after the occurrence of alleged overcharges and the filing of a complaint. The FERC did not recognize as eligible the state's claims that manipulation had occurred between May 2000 up to October 2000, based on the rule. In the report, it is argued that refund requests be considered without the waiting period.

Poor relations between the FERC and California officials do not show any signs of dying down. Bryan Lee, a FERC spokesman, called the attorney general's report "a cheap political stunt" in which California paid scant attention to its own poor job of market design.
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