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EIA Publishes Regional Electricity Supply and Pricing Forecasts Using UPLAN Model

LCG, August 13, 2019--The U.S. Energy Information Administration (EIA) announced that it is revising the presentation and modeling of its forecasts for electricity supply and market hub pricing to better reflect current electricity markets and system operations in the U.S. Beginning with the August 2019 Short-Term Energy Outlook (STEO), the new forecasting approach models electricity markets using the UPLAN production cost optimization software developed by LCG Consulting. EIA uses the solution results provided by this proprietary model to develop the STEO forecasts of monthly electricity generation, fuel consumption, and wholesale prices.

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Dominion Energy Virginia Pursues 500 MW of Renewable Projects

LCG, August 8, 2019--Dominion Energy Virginia announced Monday that it is seeking bids for up to 500 MW of renewable capacity in both 2021 and 2022 to increase its clean energy resources. Dominion Energy stated that it is committed to having 3,000 MW of solar and wind in operation or under development in Virginia by 2022. This near-term step is part of an ultimate company commitment to reduce carbon emissions by 80 percent by 2050 across the 18 states it serves.

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Industry News

Walmart and SunPower Announce Solar Power Agreement

LCG, October 25, 2018--Walmart announced Tuesday that it has reached an agreement with SunPower to install solar photovoltaic (PV) systems at 19 stores and two distribution centers in Illinois. The agreement supports Walmart's goal of supplying its global operations with 50 percent renewable energy by 2025.

Walmart's vice president of energy stated, "Solar is a vital component of Walmart's expanding renewable energy portfolio. Walmart plans to tirelessly pursue renewable energy projects that are right for our customers, our business and the environment. These planned projects with SunPower are moving us in the right direction toward our renewable energy goals."

As a result of the agreement, a mix of rooftop and ground-mount solar systems are expected to be installed and will together account for 23 MW of solar electric generation capacity. Construction is planned to commence in the first half of 2019.

Walmart is financing the solar projects through a power purchase agreement (PPA) arranged by SunPower. Walmart will own the renewable energy credits (RECs) associated with the installations.
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