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

Hole Found in the Ohio Nuke

LCG, March 12, 2002-Federal inspectors were surprised to find a hole in an Ohio nuclear plant reactor cap. The hole has been plugged with a non-corroding layer and is no threat to public safety.

Very low concentrations of boric acid produced during nuclear fission ate away at the substantial protective cap that shields the reactor vessel. The hole was found during routine maintenance after similar corrosion was found in control rod nozzles, five of which were cracked.

Plant operator FirstEnergy says that the hole is unusual and unexpected but would have posed little hazard if it had penetrated the entire cap. Radioactive steam would have escaped into the reactor containment building, and even if the steam made its way outside of the building it would reportedly have little effect upon the public. No speculation was made regarding the effects of corrosion on other parts of the nuclear reactor, but FirstEnergy intends to replace the reactor head in 2004.

The plant, located near Lake Erie about 25 miles from Toledo, will remain shut down for at least a month.

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