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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

El Paso to Expand Southeast U.S. Gas Mainline

LCG, May 1, 2001El Paso Corp. subsidiary Southern Natural Gas Co. said this morning it had secured enough binding agreements with gas shippers to warrant an expansion of a mainline serving the U.S. Southeast.

Southern Natural said it has entered into binding long-term firm transportation agreements for 267 million cubic feet of natural gas per day, "substantially all" of which will be used to supply new natural gas-fired power plants.

The company said it is preparing a Federal Energy Regulatory Commission application for certification of a mainline expansion, which will include the construction of both pipeline looping and compression to support this natural gas demand in Alabama, Georgia, and South Carolina. The expected in-service date for the expansion is June 2003.

"Power generators are stepping up to the plate to build new power plants across the Deep South tomeet increasing electricity demand," said Jim Yardley, president of Southern Natural Gas. "They arechoosing natural gas to fuel them, and we are able to expand our existing system in a timely manner tomeet their requirements."

This expansion comes on top of two previously announced mainline expansions, as well as the new Cypress Pipeline Projects that will serve southeastern Georgia and Florida.

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