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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

FERC Commissioners Rule Merchant-Built NY Line Not Required to Expand

LCG, Sep. 6, 2002--The owners of a transmission line from Connecticut to New York's Long Island do not share the obligation of integrated utilities to upgrade their line to match growing demand, the Federal Energy Regulatory Commission ruled yesterday.

As part of the ruling, Commissioner William Massey expressed some concern that by not holding merchant transmission owners to the standards of regulated utilities, the ruling could allow such owners to diminish competition. Massey acknowledged that the set of power market rules recently announced for review, standard market design, will provide a protocol on the issue.

The company that owns the 24-mile Cross Sound Cable, capable of transmitting 330 megawatts, is Transenergie U.S. Ltd.
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