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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

British Energy Takes Over Ontario Nukes

LCG, May 14, 2001Ontario Power Generation said on Saturday that it had closed a transaction under which a joint venture between British Energy Plc, the big UK nuclear generator, and uranium supplier Cameco Corp. will become operator of OPG's Bruce nuclear power plants.

British Energy will initially own 85 Percent of the venture, to be called Bruce Power, but that will drop to 79.8 percent as two unions representing workers at the plants take up a combined 5.2 percent interest by 2003. Cameco will own the other 15 percent.

Under the deal, Bruce Power becomes the licensed operator of the four-unit, 3,140 megawatt Bruce B station and also of shuttered Bruce A, which also has four reactors. Two of the Bruce A units may be restarted, adding 1,500 megawatts.

All of the output from the Bruce plants will be sold into the Ontario wholesale power market, which is scheduled to open to competition in May of next year. Until then, the output will be sold to OPG under transitional arrangements.

The Bruce nuclear plants are located about 150 miles northwest of Toronto.

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