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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

Financial Condition of British Energy Could Reflect on Bruce Power

LCG, Sep. 6, 2002--With the privatized British Energy seeking U.K. intervention to prevent insolvency, conditions at one of its subsidiary's nuclear plants in Canada are seen as having the potential to be adversely affected.

The Canadian Nuclear Safety Commission would like assurance that during the next six months, Bruce Power will have the financial resources to operate its eight nuclear reactors in Ontario without trouble. The commission's request is a part of its normal role, in which nuclear operators are required to provide updates at three month intervals.

"As one of the conditions of its operating license, Bruce Power is required to have financial guarantees that if ever they should have to cease operations there would be financing available to them to cover their operations for six months to ensure a safe shutdown," spokesman Michel Cleroux of the CNSC disclosed to Reuters.

If British Energy, as an 82-percent owner of Bruce Power, cannot provide adequate reassurance to the licensing body, Bruce Power would need to seek its own financing arrangements. Bruce Power is also owned by Cameco Corp., a miner of uranium.
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