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

RTO West Gets Unanimous Approval From FERC

LCG, September 19, 2002-FERC approved a stage 2 filing intended to bring a Western Regional Transmission Organization (RTO) into existence.

The Federal Energy Regulatory Commission (FERC), in keeping with its standard market design plans, welcomed the RTO filing and accepted most of the included RTO West proposals.

FERC found plans for locational power pricing, congestion management, and corporate governance acceptable, but the Commission said that the proposal did not do enough for protection against market abuse, resource-adequacy reserves, and day-ahead markets for transmission rights.

Utilities involved with the filing include Avista Corporatino, Bonneville Power Administration, British Columbia Hydro and Power Authority, Idaho Power Company, Nevada Power Company, NorthWestern Energy, PacifiCorp, Portland General Electric Company, Puget Sound Energy, and Sierra Pacific Power Company.

Many people, including California Public Utilities Commission members and several Western senators, have warned against FERC's standard market design plans, fearing that too much traditional state control will be ceded to federal bodies.

FERC will hold RTO West meetings to discuss technical aspects of the plan and will consider further whether or not to allow Canadian utilities into RTO West. The Commission's standard market design awaits public input until November 15.

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