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

Indiana Local Government Sues over Closing of Utility Hub

LCG, March 13, 2002-Michigan City and LaPorte County have filed suit against Northern Indiana Public Service Co. (NIPSCO), which plans to close five service hubs relevant to the area.

These local governments say that closing the hubs will harm their northern Indiana communities, "Affordable, reliable service for NIPSCO consumers, businesses and industries has taken a back seat to the pursuit of multi-million pay packages for the top executives of that company," said LaPorte County Commission President Marlow Harmon.

NIPSCO announced the closures in January and will begin closing hubs this month, insisting that they will not effect service. Maintenance hubs in Plymouth, LaPorte, Hammond, LaGrange, and Crown Point will be terminated and over 50 employees will be laid off.

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