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Connecticut Seeks 2,000 MW of Offshore Wind Capacity

LCG, August 22, 2019--The Connecticut Department of Energy and Environmental Protection (DEEP) on Friday released a request for proposals (RFP) for offshore wind power projects. DEEP is seeking up to 2,000 MW, as required under Public Act 19-71, An Act Concerning the Procurement of Energy Derived from Offshore Wind.

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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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Industry News

AES to Buy Second Ukraine Electric Distributor

LCG, May 3, 2001--AES Corp. said this morning that it has won a bid for about $23.2 million to purchase a 75 percent controlling interest in Rivenoblenergo, the electric distribution company that serves the Rivno region of Ukraine, about 125 miles from the capital city of Kiev.

Rivenoblenergo, which serves about 383,000 customers, is one of six distribution companies that are being privatized this spring by the Ukrainian government. The remaining 25 percent of the business is either publicly traded or owned by employees of the company.

AES said completion of the deal is subject to execution of a sale and purchase agreement.

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