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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

Former Edison President Appointed to PUC

LCG, March 6, 2002A former president of Southern California Edison has been appointed to the California Public Utilities Commission.

California Governor Gray Davis named Michael R. Peevey to the PUC. Peevey will take the place of Richard Bilas, who is resigning, citing frustration with policy and his wifes health.

Daviss decision has been received negatively by consumer groups because the commission is responsible for regulated Edison, among other utilities, and Peevey, in addition to being the ex-president of Southern California Edison from 1990 to 1993, has a history of pushing for steeper small business and residential rates, according to The Utility Reform Network. However, the California Chamber of Commerce and industrial energy user lobbyists have supported his appointment.

Steve Maviglio, Davis spokesman, said that Peevey will be required to divest holdings and remove himself from other positions with a potential for a conflict of interest.

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