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

Two Wind Projects Proposed For Dakotas

LCG, Sep. 16, 2002--Two member electric cooperatives belonging to Basin Electric Power Cooperative may have two new 40-megawatt wind farms installed in their service territories by the end of next year.

FPL Energy LLC, a subsidiary of FPL Group, Inc. has offered to build, own, and operate the two installations, while Basin Electric would purchase the output. "By using the energy from this project within the Basin Electric family of cooperatives, we are able to avoid the problems associated with transporting power to large load centers like Minneapolis or Chicago," the CEO of Basin Electric, Ron Harper, commented.

The installation planned for North Dakota would be sited near the town of Edgeley, in the territories of Central Power Electric Cooperative and Dakota Valley Electric. The project slated for South Dakota would produce power within the territory of the East River Electric Power Cooperative, and the Dakota Energy Cooperative.

Developer FPL Energy now operates 26 wind farms in nine states. Basin Electric members and owners produce power for 1.7 million customers across 124 rural electric systems in Colorado, Iowa, Minnesota, Montana, Nebraska, New Mexico, North Dakota, South Dakota, and Wyoming.
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