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

Enron Sending U.S. Families Out of India

LCG, May 9, 2001U.S. energy firm Enron Corp. is sending families of American employees at its Dabhol Power Co. project in India's Maharashtra state out of India, the Times of India said this morning.

Children of Dabhol's U.S. workers have been pulled out of the American School in Bombay and, with other dependents, were being relocated to Singapore. Security around the Americans has also been tightened and bodyguards assigned to senior executives, the paper said.

The moves could be an indication that Enron was getting ready to pull out of the nearly finished $2.9 billion Dabhol project. The newspaper said the precautions involving American citizens were taken because "there is likely to be a tremendous backlash against representatives of the U.S.-based energy company" if it terminates the project.

The Times of India said something on the order of 15,000 jobs would be lost in Maharashtra if Enron pulls out.

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