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

New Jersey Utility Joins PJM from NYISO

LCG, Mar. 28, 2002--New Jersey's Bergen County, served by Rockland Electric Co., will be part of the Pennsylvania-Jersey-Maryland Interconnection, the Mid-Atlantic grid operator.

Prior to the announcement by Rockland, the utility had been part of the New York Independent System Operator market territory. The addition of Rockland is the first since Washington, DC's Potomac Electric Power joined in 1966. PJM West represents a further upcoming addition to PJM, and will cover the territory served by Allegheny Power's transmission system, including parts of Pennsylvania, Ohio, Maryland, Virginia and West Virginia. The company is a subsidiary of Allegheny Energy Inc., based in Hagerstown, Md.

Rockland's service territory supplies approximately 400 megawatts of demand, but does not represent any generation. Rockland will take part in the Basic Generation Service auction, which is intended to offer retail customers the opportunity to select alternative suppliers on a competitive basis.
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