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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

Nuclear Plants' Decomissioning Funds Found Low

LCG, Dec. 3, 2003--In a report released by the General Accounting Office, Congress' research arm, 42 nuclear plants were named as not having enough savings designated to pay for decommissioning costs when the plants are ultimately shut down.

Some generating units are already inactive, but owners are waiting for neighboring units at the same plants to be retired before starting clean-up activities. The report stated that savings for some plants is sufficient, while at others, a gap exists that cannot readily be closed by shifting funds.

The Nuclear Regulatory Commission said through a spokesman that it is not as concerned about a problem such as has been identifed by the GAO. A spokesman for the Nuclear Energy Institute, Steve Kerekes, said that with widespread extensions of plant licenses for an additional 20 years, the plants would have sufficient time to come up with the needed funds.

The GAO report authors found that the growth in the value of savings, if it continues, would pay for plants' decommissioning costs. The distribution of funds between various sites and multiple owners, however, indicated uneven progress.

A concern raised by groups who oppose nuclear power is that because some of the buyers of existing nuclear plants are not utilities, and therefore do not have assurance of a stable revenue stream, they may have difficulty handling the liabilities that will come due at the end of plants' operating lives.
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