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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

Ontario Government Acts to Attract New Generation

LCG, August 5, 2004--The Ontario electricity market today is faced with a need to rapidly develop new electricity supplies in order to meet the government's goal of shutting down its aging fleet of coal plants and reduce emissions. The coal plants represent about 7,500 MW of capacity, or roughly a quarter of Ontario's generating capacity. Yesterday, Ontario Energy Minister Dwight Duncan visited the Calgary Chamber of Commerce to discuss the government's vision for the energy markets and interest in attracting the private sector to invest in new generation located in Ontario.

The government has been actively promoting change in the markets. In June 2004, the government issued a Request for Proposals (RFP) for 2,500 MW of new generation and/or conservation in Ontario, as well as an RFP for 300 MW of new renewable energy capacity in April. Duncan predicted yesterday that Ontario will be signing contracts by January.

Legislation was introduced on June 15, 2004 to restructure the Ontario electricity market, including the creation of a new government entity, the Ontario Power Authority (OPA). The OPA's responsibilities are to include planning for long-term electricity supplies.

Investors remain cautious, given Ontario's previous move towards competitive markets in 2002, which was followed by a partial reversal back to regulation.

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