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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

Dynegy Reaches Settlement Related to CA Energy Crisis

LCG, Apr. 27, 2004--Dynegy Inc. has agreed to a settlement with California and federal authorities, such that its West Coast Power LLC trading unit, which it owns with NRG Energy, will forego payment of $259 million for previous power sales, while it will pay an additional $22.5 million for distribution to power buyers.

The Federal Energy Regulatory Commission and California Public Utilities Commission reached the settlement, which was related to charges that it withheld power from the market on occasions during the period from January 2000 to June 2001.

Under the settlement, the cancellation of outstanding bills for power purchases will be divided among the major California utilities and the California Department of Water Resources. Pacific Gas and Electric Co. will be recognized in the amount of $82.3 million, Southern California Edison with $34.4 million, and San Diego Gas & Electric in the amount of $16.5 million.
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