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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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Constellation and Google Announce Strategic Collaboration that Includes 890 MW of New Nuclear Capacity to PJM Grid

LCG, October 6, 2026--Google and Constellation Energy today announced a long-term strategic clean energy collaboration to bring 890 MW of new, reliable, carbon-free nuclear capacity onto the PJM Interconnection grid to meet growing demand and increase grid reliability. The first uprate is expected to be delivered by 2028.

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Industry News

EU Regulators Okay Montedison Takeover

LCG, Aug. 28, 2001--European Union regulators this morning tentatively approved the takeover of Italy's second-largest utility Montedison by Fiat and Electricit de France, but warned that they would reopen the case if EdF begins to exercise control.

"The takeover will not adversely affect competition in the Italian electricity market," the European Commission said in a statement. "Montedison will be controlled by Fiat and the latter has only a small activity in the electricity sector."

But the EU is cautious about EdF's intentions. It is Europe's largest power company and owns 18 percent of Italenergia, the bidding vehicle being used by it, Fiat and a group of banks to acquire Montedison.

The Italian government, more than cautious about EdF's intentions, passed legislation in May to limit the French company's voting rights to 2 percent. Eventually, Italenergia agreed to "voluntarily" accept the 2 percent limit on EdF's vote.

"At the moment it is no doubt that EdF does not have any control, any influence over Italenergia," said European Commission spokeswoman Amelia Torres. "Two percent would not give anyone control."

EdF has earned the watchfulness of the Commission. The French national monopoly was a year late in opening up its own market to competition and then did so to the minimum allowable extent. It has also been aggressive is purchasing utilities in other European nations while denying entry to its own.

The Commission is currently investigating complaints that France provides state aid to EdF, which gives it an unfair competitive advantage, which is against EU rules.

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