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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

Six Out of 10 Californians Favor Nukes, Poll Shows

LCG, May 23, 2001The threat of rolling blackouts and higher electric bills has Californians rethinking their priorities, according to a Field Poll released yesterday. Nearly six in 10 now want more nuclear plants to produce large quantities of emissions-free power.

"If California is this way, it has to be good news for the nuclear power industry -- major goodnews," said Mark DiCamillo, director of the Field Institute.

When the Field Institute last tested California's attitude toward nuclear power plants in 1984, 61 percent opposed building more nuclear power plants and that was before the explosion at the Chernobyl plant.

The poll was conducted over a 10-day period ending Sunday, with 1,015 state residents answering questions in English and Spanish.

According to the Field Poll, a growing number of Californians also would like to see a softening of strict environmental rules that keep aging power plants from running. In January, only 47 percent would support relaxing the emissions rules, while today 53 percent are in favor.

The prospect of paying huge electric bills came closest to unifying state residents, the poll found. About 70 percent favor federally-imposed price caps on electricity, with support coming from both Republicans and Democrats.

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