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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

Dry River Likely to Reduce Colorado Plant Output

LCG, Sep. 13, 2002--The Comanche Generating Station of Pueblo, Colo., is preparing to curtail its output as owner Xcel Energy adjusts to dry conditions in the St. Charles River, the source of the plant's cooling water.

The plant manager, Mike Hernandez, told the Pueblo Chieftain that the ultimate reduction in usage of cooling water is targeted at 30 percent, but that the current reduction of less than 10 percent has not affected the output provided to customers. Aquila purchases power from the plant, as does Rocky Mountain Steel Mills.

The Victoria Avenue station, which obtains cooling water from the Arkansas River, is also drawn upon by Aquila. Victoria Avenue has had to reduce its production due to low levels in the Arkansas.

It may not be possible for Aquila and Rocky Mountain Steel Mills to continue to buy or sell the same amount of power in the area they had previously, as transmission lines are not currently able to transmit enough power to make up the difference. The 30 percent reduction is scheduled for October, as Xcel spends $420,000 on a project to recycle water at the plant.
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