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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

PSEG Requests Permits for 750 Megawatt New York Plant

LCG, May 8, 2001--Public Service Enterprise Group Inc. said yesterday that an ad hoc subsidiary has filed permit applications in New York State for its proposed Bethlehem Energy Center, a 750 megawatt natural gas-fueled, combined-cycle power plant just south of Albany, N.Y.

The new plant will be built on the site of and replace the 400 megawatt Albany Stream Station PSEG acquired last year from Niagara Mohawk Power Corp. The primary fuel for that four-unit plant has been fuel oil.

PSEG said the new plant will not only produce nearly 90 percent more power, it will reduce emissions of sulphur dioxide and oxides of nitrogen by as much as 98 percent. It will also reduce use of Hudson River water by 98 percent to 99 percent.

The company said it expects to have the $400 million project commence commercial operation in late 2003 to mid-2004.

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