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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

Legislators Ask For Price Cap Extension

LCG, May 16, 2002-Western senators have asked the Federal Energy Regulatory Commission to continue the electricity price caps set last year to curb out-of-control prices.

Wholesale Californian electricity is sold at a maximum of $92 per MW-hr right now, but this price limitation will expire September 30.

Senators, including California's Barbara Boxer-D and Oregon's Ron Wyden-D, implored FERC to keep the limitations beyond the deadline, however FERC does not consider price caps an ideal method of regulating the market.

FERC has not decided what action will be taken and is still waiting for information from some California parties involved. The California Independent System Operator (ISO) has requested extension but has also submitted a plan, part of a larger proposal, to help control electricity prices. The ISO is responsible for reliability in the system and handles the California electricity grid.

Legislators have a renewed interest in electricity prices and contracts after the release of memos linking California's energy crisis of 2000/2001 to market "manipulation" by power companies like Enron.

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