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

Nevada May Remove Cap Connected With Renewables

LCG, Mar. 22, 2002--The chairman of the Nevada Public Utilities Commission has proposed revising a rule that has so far capped the cost that utilities and energy retailers can pass to customers in meeting minimum state requirements for renewable generation.

As part of Senate Bill 372, passed last year, satisfying renewable power requirements with wind, photovoltaics, geothermal and biomass was allowed to add no more than 0.05 cents per kilowatt hour in 2003 and 2004.

The decision by the chairman, Don Soderberg, was in response to a group of six assemblymen and six senators, that found that the cap was not intended as part of the law. Public hearings on the proposed rules will take place on May 6, with a vote by the PUC set for May 8. The group of legislators, the Legislative Commission, will then review the PUC ruling.

Nevada electric utilities are required to supply 5 percent of their customers' requirements with renewables in 2003, with annual increases to reach a 15 percent requirement by 2013.
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