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

Nevada Power Signs Wind Power Deal

LCG, Mar. 4, 2002--Southern Nevada's Nevada Power Co. signed an agreement on Thursday with MNS Wind Co. for the delivery of wind power produced at an 85-megawatt wind farm over 17 years.

The deal requires state regulatory approval. If it receives the go-ahead, the agreement would be the first such agreement in Southern Nevada. "This initial effort is another step in our attempts to diversify our generation base with clean sources of energy and is consistent with our goal of providing safe and reliable service to our customers," the president of Nevada Power, Mark Ruelle, said in a statement.

A recently passed law requires that Nevada Power make renewable power sales amounting to 5 percent of overall energy sales by 2003. By 2015, the requirement will have reached 15 percent. The price on the deal was not disclosed.

The wind farm will consist of 57 wind turbines at the Nevada Test Site. Sen. Harry Reid, D-Nev., has supported the test site, which receives Department of Energy funding. Installation is expected to begin during the summer, and be completed by December 2003. Output would be taken from the Nye County portion of the test site, otherwise known as the Shoshone Wind Farm.

MNS Wind is a 50/50 joint venture between Global Renewable Energy Partners, a manufacturer of wind turbines, and Siemens Energy and Automation, which will provide construction services.

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