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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

CA ISO Considers Decommissioning 1,700 MW Within a Year

LCG, September 24, 2002-The California Independent System Operator may shut down as much as 1,700 megawatts worth of old power plants.

Because older power plants produce more pollution, they must be retrofitted to meet new emissions standards. The cost of such alterations may be too high to warrant the continued operation of some older Californian plants, according to the ISO, and the grid operator may shut down plants as soon as next summer.

Choosing which plants to close will be a difficult process, considering that California does not suffer from a glut of generators and can ill afford to decommission plants offhandedly.

The ISO has not announced which plants it will consider decommissioning.
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