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

Afghanis Get Power Assistance from Turkmenistan

LCG, March 18, 2002-Several energy projects were approved earlier this month with the intent of restructuring Afghanistan's power infrastructure.

In Asgabat, Turkmenistans president Saparmyat Turkembasy and Afghan head administrator Hamed Karzai met and signed documents to collaborate on energy-related development. Turkmenistan is apparently ready and willing to assist Afghanistan in improving its energy supply.

Afghanistan already buys electricity from neighboring Turkmenistan to power northern Afghanistan, but transmitted power is not sufficient for Afghanistan's planned reconstruction.

Turkmenistan will assist the expansion and modernization of power distribution in Afghanistan, including building a $1.5 million 50 MW line from southern Turkmenistan into Afghanistan to Mazar-e Sharif. Several other projects were agreed upon to build lines to Kabul and Kandahar. Total expenses were projected to be about $500 million.

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