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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

SaskPower Prepares for Wind Power Project

LCG, March 7, 2002A wind power project capable of generating 5.9 megawatts will be installed near Gull Lake, Saskatchewan, starting this summer, following SaskPower's selection of Vestas Canadian Wind Technology as turbine vendor and installer.

The installation will consist of nine turbines, and is worth C$10.8 million ($6.8 million US). In addition to the Vestas project, a joint venture of Suncor and Enbridge of Alberta, SunBridge, will have its own 17-turbine installation operating near Gull Lake, by August. That installation will have a maximum output of 11 megawatts.

The SaskPower project is being supported by the government's Crown Investments Corp., and is expected to operate on a cost-recovery basis over ten years. Its output will be priced at C$35 ($22 US) per megawatt-hour. The University of Regina has committed to purchases of 570 megawatt-hours of the project's output, for C$20,000 ($12,640 US).

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