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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

Bush Energy Plan a Mix of Resource Development, Conservation

LCG, May 18, 2001Calling for "a new harmony between our energy needs and our environmental concerns," President Bush yesterday laid out 105 recommendations that were a mixture of conservation incentives and increased development of energy resources.

"Environmental interests and energy production are not competing priorities," the president said, as he delivered his energy address in a convention center overlooking the upper reaches of the Mississippi River.

The plan calls for rapid development of new power plants, a review of public lands with an eye to increased resource extraction, increased production of gasoline, investigation of reprocessing of spent nuclear fuel, and other things anathema to environmentalists.

But the plan also calls for increased conservation, improved use of technology to boost energy efficiency, protection of the environment, greater use of renewable energy sources, a new generation of fuel-efficient automobiles, additional funds for low-income energy assistance and a commitment to spend royalties from any energy extracted in the Arctic National Wildlife Reserve on land conservation.

"Just as we need a new tone in Washington, we also need a new tone in discussing energy and the environment one that is less suspicious, less punitive, less rancorous," Bush said. "We've yelled at each other long enough. Now, it's time to listen to each other, and act."

The greatest thrust of Bush's policy is development of new energy sources, particularly electric power. "If we fail to act, this great country could face a darker future," he said, "a future that is unfortunately being previewed in rising prices at the gas pump and rolling blackouts in the great state of California."

Key elements of the administration energy program include:

  • Streamline permitting processes for conventional power plants with the objective of building 1,300 new plants over the next 10 years. Increase funding for "clean coal technology" research.

  • Simplify process for licensing new nuclear power plants and relicensing for existing plants. Eliminate double taxation on decommissioning funds.

  • Give Federal Energy Regulatory Commission power to use eminent domain to acquire property for electric power transmission corridors.

  • Review environmental restrictions on development of new natural gas and petroleum pipelines. Build 38,000 miles of new pipelines.

  • Allow oil and gas exploration on 2,000 acres of the Arctic National Wildlife Refuge. (That represents one ten-thousandth of one percent of the 19.8 million-acre refuge, which is about the size of South Carolina.) Allow drilling on other public lands including some in the Rocky Mountains. Allow increased exploration in the Gulf of Mexico.

  • Encourage new construction of oil refineries. Review clean air restrictions on improvements to existing refineries.

  • Create tax incentives for development of fuel efficient automobiles and new energy efficiency technology for residential and commercial construction. Offer grants for low-income energy efficiency assistance.

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