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

Minnesota Power in Long-term Coal Delivery Contract

LCG, May 30, 2001--Minnesota Power Co. said yesterday it had reached agreement with the Burlington Northern and Santa Fe Railway Co. for transportation of coal to two of the utility's power plants, the Boswell Energy Center near Grand Rapids and to the Laskin Energy Center near Hoyt Lakes.

The company said the agreement makes it unnecessary for it to pursue construction of an alternative railroad line to serve the Boswell Energy Center.

Don Shippar, chief operating officer of Minnesota power, noted that fuel costs represent the major portion of the electricity purchased by the utility's customers. "Over the next several years, this new agreement will provide ongoing stability in our fuel delivery costs. In addition, this contract will keep our generating plants competitive in the wholesale energy market," he said.

Under terms of the agreement, the railroad will ship all of the utility's coal needs for the two plants more than four million tons a year through 2011. Minnesota Power said it uses low-sulfur, sub-bituminous coal exclusively from the Powder River Basin in Montana and Wyoming.

Of course, that was when the Burlington was the Burlington and the Santa Fe was the Atchison, Topeka and Santa Fe.

"Do you hear that whistle down the line? I reckon that it's engine number forty-nine. She's the only one that sounds that way, on the Atchison, Topeka and the Santa Fe."

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