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

Merchant Plants' Siting May Be Regulated in Kentucky

LCG, Mar. 21, 2002--A bill passed unanimously by the Kentucky Senate that would give local decision-makers greater control over merchant plant siting will now be considered by the House.

Kentucky has received 29 applications since 1999 for the building of merchant power plants. Lawmakers have expressed concern that low prices offered by Kentucky utilities would lead the plants to sell all of their power out-of-state, offering little benefit to Kentucky.

Sen. Ernie Harris, R-Crestwood, is the sponsor of Senate Bill 257, which also requires an environmental impact study for regulated and merchant plants at the local level. A siting board would be mandated to consider local input on siting decisions.

Tom Fitzgerald, of the Kentucky Resources Council, said that while he approves of Senate Bill 257's treatment of siting approval for new plants, he would like expansion decisions at existing plants to be subject to review as well.

A lobbyist for the Kentucky Association of Electric Cooperatives, Hayden Timmons, speculated that the bill's passage in the Senate raised the likelihood that the House would approve it, although House Democrats and Senate Republicans are not yet unified.
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