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News
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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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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
FERC Approves PJM Proposals to Accelerate New Generation Projects
LCG, February 19, 2025--The Federal Energy Regulatory Commission (FERC) last week approved two PJM proposals to improve the approval process and accelerate the construction of new power generation assets, with the ultimate objective of providing sufficient, reliable electricity supplies to customers.
On December 13, 2024, PJM filed revisions to the Reliability Resource Initiative (RRI) to add provisions enabling a one-time reliability based expansion of the eligibility criteria for Transition Cycle #2 of PJM's existing interconnection queue. The RRI modifications are designed to add up to 50 additional projects to be studied in Transition Cycle #2 to address near-term resource adequacy concerns in PJM.
FERC's findings included stating PJM's proposed RRI revisions are just and reasonable, and that they address the possibility of a resource adequacy shortfall driven by significant load growth, premature generation retirements, and delayed new capacity additions.
FERC's second approval was of PJM's December 20, 2024 filing to revise governing surplus interconnection service and to facilitate the rapid expansion of existing and planned generating facilities. FERC accepted PJM's proposed revisions, effective March 7, 2025, as requested by PJM.
In the second filing, FERC found PJM's revisions are just and reasonable. FERC findings include that the revisions will facilitate the use of existing surplus interconnection capacity by (i) removing certain limitations in the PJM Tariff and (ii) making surplus interconnection capacity available sooner in the interconnection process. The revisions will help address PJM's stated near-term reliability needs and increase the overall efficiency of PJM's interconnection queue.
In PJM's Long-Term Load Forecast Report released in January, the PJM RTO annual summer peak load growth and winter peak load growth over the next 10 years are projected to average 3.1% and 3.8%, respectively. The projected annual net energy average load growth is 4.8%. The PJM RTO winter peak load in 2034/35 is forecast to be 198,175 MW, a 10-year increase of 62,048 MW, which equates to adding more than 6,000 MW per year.
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UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
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UPLAN-ACE
Day Ahead and Real Time Market Simulation
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UPLAN-G
The Gas Procurement and Competitive Analysis System
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PLATO
Database of Plants, Loads, Assets, Transmission...
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