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

Calpine to Build 1,030 Megawatt Michigan Plant

LCG, may 16, 2001Calpine Corp. said yesterday it will build a 1,030 megawatt natural gas-fueled, combined-cycle power plant in Berrien, Mich., the California company's first plant in Michigan.

Calpine said it expects to invest more than $500 million in the Berrien Energy Center, which is scheduled to begin commercial operation in 2004. Development rights for the plant were acquired from CME North American Merchant Energy, a Boston-based developer of merchant power projects.

CME did the "up front" work on two Calpine power projects in Ohio, according to spokesman John Flumerfelt. With the two Ohio plants, Berrien will give Calpine three projects in the East Central Area power market.

"It's a very large market and we think there's an opportunity there," Flumerfelt said, noting that much of the generation in the area is provided by aging coal-fired plants that are increasingly under attack by environmentalists.

Calpine senior vice president Bob Alff said the Berrien site "offers excellent access to high-capacity electric transmission and a variety of options for natural gas transportation, which will help us optimize both power sales opportunities and cost-effective fuel procurement."

Flumerfelt said Calpine expects to have all the necessary permits in hand next year.

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