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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 Tests Market for Two California Gas Lines

LCG, May 14, 2001El Paso Corp. said Friday that two of its pipeline subsidiaries are holding "open seasons" to test the market for possible expansion of natural gas lines from the Southwest into California.

Open seasons are a period of time during which gas shippers are invited to place firm bids for capacity on a proposed pipeline or pipeline expansion.

El Paso's Mojave Pipeline Co. began an open season last Thursday which will run until May 31 for a proposed expansion to a pipeline carrying gas from Topock, Ariz. on the California border near Needles to Antioch in the San Francisco East Bay and on to Sacramento.

El Paso Natural Gas Co. will on May 25 close an open season begun May 1 for a project that would add capacity on a line from Ehrenberg, Ariz., a border town 80 miles south of Topock near Blythe, Calif. to Dagget, Calif. to a point near Barstow.

The announcement came as El Paso Natural Gas Co. and El Paso Merchant Energy, which is a gas marketer belonging to El Paso Corp., were preparing to defend themselves against charges they used market power to drive up the price of natural gas in California, where prices are the highest in the nation.

This morning in Washington, a federal administrative law judge will begin proceedings brought by the California Public utilities Commission, Pacific Gas & Electric Co. and Southern California Edison Co. charging that the El Paso units manipulated the market, adding $3.7 billion to the cost of gas in the state over the past 12 months.

El Paso is not alone in seeking to expand gas deliveries into California, as a host of new electric power plants, some already under construction, is expected to increase demand dramatically. Other firms that have announced plans to build new lines or expand existing facilities include the Transwestern unit of Enron Corp., PG&E's National Energy Group, the Kern River Transmission subsidiary of The Williams Cos., Southern California Gas Co., Calpine Corp., Kinder Morgan and Questar Corp.

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