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

Abraham Says Three Mile Island No Longer Relevant

LCG, May 29, 2001Energy Secretary Spencer Abraham said Friday that the accident at Three Mile Island in 1979 was irrelevant and should not be allowed to deter development of new nuclear power plants in the United States.

Abraham spoke to reporters following a tour of the Calvert Cliffs nuclear facility in southern Maryland, where he said "In my view we need to stop living in the past." Calvert Cliffs, owned by the holding company for Baltimore Gas & Electric Co., is the first U.S. nuclear plant to have been granted a 20-year extension to its original 40-year operating license.

"We need to stop thinking of this (nuclear) industry in terms exclusively dictated by Three Mile Island," Abraham said.

The accident at the Three Mile Island Unit 2 plant near Middletown, Pa., on March 28, 1979, was the most serious in U.S. commercial nuclear power plant operating history, even though it led to no injuries to plant workers or members of the nearby community.

Detailed studies of the radiological consequences of the accident have been conducted by the Nuclear Regulator Commission, the Environmental Protection Agency, the Department of Health, Education and Welfare, the Department of Energy, and the State of Pennsylvania, and found that radioactive exposure was inconsequential.

Several independent studies concluded that the average dose to about 2 million people in the area was about only about 1 millirem. The average dose of radioactivity from a chest x-ray is about 6 millirem.

Abraham pointed out that nuclear power plant designs have been upgraded in the past 20 years and the plants are better run. "We need to look at nuclear energy as a source of electricity generation in today's context, not as if the clock stopped in 1979," he said.

In its energy plan, the administration called on the NRC to relicense nuclear power plants that have good safety records and speed up the process for licensing new power plants. Abraham also said additional reactors could be built on the sites of existing plants.

"We need to recognize that the improvements in safety and technology in the last 20 plus years have brought us to the point where nuclear energy clearly can provide a safe fashion for more Americans," he said.

Abraham also noted that nuclear generation provides the cleanest form of electricity known and that more use of nuclear power plants would be beneficial to the environment.

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