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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

Duke Suspends Overtime Work on Nevada Plant

LCG, September 5, 2002--Duke Energy will stop overtime and weekend labor on the Moapa plant, the third Duke plant to see slowed construction in two months.

Poor market conditions have slowed construction nationwide, and Duke has been considering selling unfinished plants or simply delaying construction. Construction on the Duke-owned 608-megawatt Deming plant in New Mexico and the 620-megawatt Grays Harbor plant in Washington state was suspended last month.

Moapa, which will have 1,222 megawatts of capacity when completed, was originally to begin operations by the summer of 2003 along with the Deming and Grays Harbor plants, but market conditions will have the final say in when the three plants will actually come on line.

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