from granola site:
Do you have the cpufreq modules installed? The Granola init scripts do attempt to load any needed kernel modules.
* You need a cpufreq driver, like one of the following:
o powernow_k8 powernow_k7 powernow_k6
o speedstep_centrino speedstep-ich speedstep-smi
o acpi_cpufreq
* Additionally, you need the cpufreq_userspace module for userspace control of DVFS modes.
So probably the module wasn't made and/or the acpi_cpufreq wasnt enabled in cpu build. ( some people disable this for servers. )
I do not know Tim Burgess still reads this. Otherwise you'll need to build a new kernel version yourself. ( Is not that hard )
some helpful links
http://fedoraproject.org/wiki/Docs/CustomKernel
http://www.howtoforge.com/kernel_compilation_fedora