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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

FERC Would Allow California More Imports from Mexico

LCG, Mar. 28, 2002--The Federal Energy Regulatory Commission has stated that costs associated with investment in transmission lines between San Diego and Mexico would be allowed by the agency.

The FERC Chairman, Pat Wood, believes that the savings made possible by increased imports could reach $26 million for customers in San Diego, and $174 million per year for all of California. Initial upgrades, which are projected to allow 1,360 megawatts of generation imports to California, would bring savings of $3 million to San Diego and $10 million to the state, according to the FERC.

San Diego Gas and Electric Co., a subsidiary of Sempra, would be allowed to include the costs of line upgrades to the Miguel-Mission and Imperial Valley lines in rates. The final capacity of the lines could be 3,810 megawatts.

The FERC is now awaiting a filing by the California Independent System Operator (ISO) in May that will contain restructuring plans by the grid operator. The FERC felt that market design was responsible in part for the severity of California's power crisis in 2001. The importance of restructuring details is made more immediate by the approaching end of wholesale price caps imposed by FERC. The caps are set to expire on September 30.
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