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

Corps of Engineers Okays 1,080 Megawatt N.Y. Plant

LCG, May 29, 2001--The U.S. Army Corps of Engineers New York District said Friday that it has granted a federal permit on an application by Athens Generating Company LP to build a 1,080 megawatt natural gas-fueled power plant in the town of Athens, N.Y.

Pete Shugert, a spokesman for the Corps of Engineers, said "The construction of this project fulfills a pressing need for electric generation capacity in New York, significantly augmenting the state's power supply and its ability to avoid potential power shortages."

The plant will be built on a site about two miles from the Hudson River, about 27 miles downstream from Albany, but will have an intake-outfall facility on the west bank of the river. A little less than an acre of wetlands will be permanently lost to the facility.

The Corps of Engineers said it worked with 21 groups seeking to preserve the scenic, cultural, historic and environmentally sensitive characteristics of the plant and river sites and the project was modified to avoid or minimize impacts.

"The Corps has gone to great lengths to ensure that the impacts from this plant will be minimal, imposing extensive permit conditions that will reduce impacts to environmental resources and historic properties," Shugert said.

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