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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

Gas-fired Plant Under Construction in Colorado

LCG, Mar. 6, 2002A joint venture of Colorado Springs Utilities and El Paso Corp., of Houston, has begun construction of a gas-fired, combined-cycle 480-megawatt power plant just south of the Ray D. Nixon power plant, near Fountain, Colorado.

Steve Christensen, project manager at Colorado Springs Utilities, said the plant will lower the utilitys need for purchases from the open market, and supply half of Colorado Springs electricity needs during peak demand. The plant, named Front Range Power, is expected to be operational in spring 2003.

Colorado Springs Utilities, which has $40 million invested in the plant, said it will use 80 gallons of water per minute for steam turbines, compared to hundreds or thousands of gallons used by traditional gas-fired plants.
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