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

Colorado Wind Farm Construction Appears Likely

LCG, Sep. 4, 2002--A proposed 162-megawatt wind farm first pursued by Enron Corp.'s Enron Wind subsidiary may be built by GE Power Systems, and its output bought by Colorado utility Xcel Energy.

A spokesman for Xcel, STeve Roalstad, commented, "Our negotiations are copmleted with GE, and we have to move forward to get the Public Utilities Commission's approval at this point." GE Power systems would serve as the plant operator, and is now in negotiations to sell ownership rights to American Electric Power (AEP), of Columbus, Ohio.

The prospects for the farm, called the Golden Prairie Wind Farm, were uncertain until production tax credits for wind power users were renewed by the government. In March, following the credits' renewal, GE Power bought the project from Enron Wind.

The negotiations with AEP, in addition to PUC approval, will be necessary to move the project toward a possible in-service date late next year. The cost of building the wind farm will be shared by all Xcel customers, not simply those who are willing to pay more for power generated by wind.
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