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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

Newsmakers

Electric power technology corporation Cummins Inc. declared Susan Carter as Vice President - Corporate Controller on March 18, replace Bob Crane, who served Cummins for 25 years. Carter had been part of Honeywell for six years, most recently as Vice President and Chief Financial Officer, Transportation and Power Systems.

Dixie Barrett has been appointed as vice-president of trading services for Platts. Barrett previously served as vice-president of electronic trading services at Altra Energy Technologies.

Theodore Bennett will take over as corporate vice president of Oklahoma's Kerr-McGee Corporation. Bennet formed a human resources consulting firm last year and has served in executive positions at Comerica and Coca-Cola.

American Electric Power appoints vice president and associate general counsel. Hartsoe has been an attorney with the Federal Energy Regulatory Commission for eight years as well as holding positions at United Gas Pipeline Company, Enron, and Electric Power Supply Association.

Daniel E. Merchant II will become vice president of business development for Primen, a Wisconsin energy firm. Merchant has served as vice president of sales for USPowerSolutions and in various positions at Enercom.

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