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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

Duke Energy Renewables to Install 200-MW Wind Project in Texas

LCG, April 12, 2019--Duke Energy Renewables, a commercial business unit of Duke Energy, yesterday announced it will build, own and operate the Mesteño Wind Project, located in southern Texas. The power generated by the 200-MW project will be sold into the ERCOT market, and Duke Energy Renewables will enter into a long-term hedge agreement covering the majority of the expected wind energy production. Construction has commenced, and the project is scheduled for completion by year-end.

The Mesteño Wind Project will include 56 3.6-MW wind turbines supplied by Vestas. Turbine heights will reach 590.5 feet to increase power generation. Amshore US Wind provided development support for the project, and Wanzek Construction is the contractor. The project will be Duke Energy Renewables' fourth wind generation facility in Starr County.

The president of Vestas' sales and service division in the United States and Canada stated, "We're pleased to expand our tall tower technology and V136-3.6 MW platform. The combination of taller towers and V136-3.6 MW technology is perfectly designed to extract the abundant resource at the site, and deliver low-cost, reliable energy to the community and customer."

Duke Energy Renewables' states that this project will increase its U.S. wind capacity to over 2,500 MW.
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