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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

Alberta Power Generators Want to Export Electricity

LCG, March 19, 2002-Provincial Energy Minister Murray Smith encouraged Alberta to export significant amounts of electricity to the United States.

On Monday Smith told independent power generators that they should avoid keeping Alberta energy inside the Canadian province. He said exports would strengthen the market, deregulated for 15 months.

Currently, the primary connection between Alberta and the Western Power Grid is through a 1,000 MW line via British Columbia.

Many Alberta companies have requested permits to export power.

Opponents of exports worry about the effects on supply as well as increasing electricity rates within Alberta.

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