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

Deadline Set for Enron to Produce California Documents

LCG, Mar. 29, 2002--Documents that may give California officials insight into possible price gouging by Enron must be submitted to state officials over the next three months, San Francisco Superior Court Judge A. James Robertson II ruled Thursday.

Should Enron fail to comply with the order, it would face contempt charges, the office of California's attorney general, Bill Lockyer, said. Enron spokeswoman Karene Denne said, "we always intended to cooperate, we just did not have the personnel available to go through all of the records."

According to the ruling, Enron's California offices must make subpoenaed documents available within three weeks, while its Houston and Portland offices will have six weeks within which to obtain the documents. Electronic data must be made available by June 26, the final deadline.

The attorney general's office is seeking information relating to possible market manipulation during California's power crisis of last year. Four other firms have had documentation from the period subpoenaed.
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