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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

Newsmakers

Corbin McNeill, Jr. will retire as chairman and co-chief executive of Exelon Corp. on April 23. He will be succeeded by John Rowe, who has served as Exelon's co-CEO and president. Rowe will become the sole chief executive and chairman. McNeill supervised the merger of PECO Energy Company and Unicom Corporation, and had been scheduled to step down as chairman this spring.

Steve Wright has been made administrator of the Bonneville Power Administration today. Wright, who has been with the BPA for 21 years, returned to the Portland headquarters from the Washington office as a corporate senior vice president in 1998, becoming deputy administrator in 2000.

Marcus Jackson, president and chief executive of Semco Energy has been named chairman of the company following the retirement of William Johnson on Thursday.

Dan W. Reicher, former U.S. Assistant Secretary of Energy for energy efficiency and renewable energy has been named executive vice president of Northern Power Systems, which specializes in renewable energy and distributed generation. As Assistant Secretary of Energy from 1997 to 2001, Reicher was in charge of $1.2 billion worth of renewable and efficiency projects annually.

Ade Musell will be succeeded by Ron Larson as president and CEO when Mussell retires this spring from Split Rock Energy, LLC. Larson is currently chief financial officer for Great River Energy, a generation and transmission cooperative headquartered in Elk River. Split Rock Energy LLC was formed by Minnesota Power and Great River Energy to mitigate the companies' risk in the wholesale energy market.

Brad Johnson has been appointed treasurer for WPS Resources and Wisconsin Public Service Corporation, its primary utility subsidiary. Johnson also handled tax and corporate planning issues within the company. Dennis Maki, has been promoted to General Manager - Regional Generation and Engineering Services for Wisconsin Public Service Corporation. Maki was formerly Weston Power Plant Manager.

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