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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

Dynegy Sheds Illinois Power Utility

LCG, Nov. 3, 2003--Dynegy Inc., which is hoping to regain financial strength when the energy market recovers, sold the regulated utility Illinois Power to Exelon Corp. for $2.23 billion, it announced today.

Talks concerning the deal have been in progress since September. The transaction, which relieves Dynegy of $1.8 billion of debt, will result in the company receiving a $150 million promissory note and approximately $275 million cash.

By acquiring Illinois Power, Exelon will serve an additional 650,000 natural gas and electricity customers in Illinois. It currently produces power for 3.4 million customers in northern Illinois and 1.9 million electricity and natural gas customers in the area of Philadelphia, Pennsylvania.
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