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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

Who Gets Hit with Enron Fallout

LCG, Nov. 30, 2001--For the past few days, energy companies and financial institutions have been cranking out press releases detailing their "exposure" to the stunning collapse of Enron Corp. Here is an incomplete list of who gets hurt and how much:

  • Aquila Inc. - less than $50 million.
  • Allegheny Energy Inc. - less than $5 million.
  • American Electric Power Co. - under $50 million.
  • BP Plc - exposure "a couple of tens of million dollars," according to industrial observers.
  • Barclays Bank - 400 million ($571 million U.S.) in the form of syndicated loans and derivatives.
  • Bear Stearns Cos. Inc. - $69 million.
  • Canadian Imperial Bank of Commerce - $215 million, more than half of it unsecured.
  • Centrica Plc - 30 million ($42.8 million U.S.).
  • Chubb Corp. - $220 million in maximum pre-tax exposure to surety bonds relating to Enron Corp.
  • Citigroup Inc. - between $700 million to $800 million, about half unsecured.
  • Credit Lyonnais - $250 million, about half unsecured.
  • Commerzbank AG - "low double-digit million dollar amount".
  • Deutsche Bank - maximum loss of tens of millions of dollars.
  • Dominion Resources Inc. - past credit exposure of $11 million.
  • Duke Energy Corp. - $100 million in non-secured exposure.
  • Dynegy Inc. - $75 million.
  • El Paso Corp. - net trading exposure about $50 million.
  • Energen Corp. - about $14 million.
  • Exelon Corp.- net exposure less than $10 million.
  • ING (The Netherlands) - about $195 million.
  • J.P. Morgan Chase & Co. - $900 million, including $400 million in secured loans.
  • KeySpan Corp. - less than $4 million.
  • Mirant - up to $60 million.
  • NRG Energy Inc. - less than $10 million.
  • Northern Border Partners LP - $9 million over next year.
  • PPL Inc. - less than $10 million.
  • Peoples Energy Corp. - approximately $8 million.
  • RWE AG - 10-11 million euros ($9.77 million U.S.).
  • Reliant Resources Inc. - approximately $80 million.
  • Sempra Energy - less than $15 million.
  • Seneca Resources Corp. - about $10.4 million.
  • TotalFinaElf - $25 million.
  • Williams Cos. - net exposure less than $100 million.
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