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

FERC Judge Finds El Paso Withheld Natural Gas

LCG, Sep. 23, 2002--During the period Nov. 1, 2000, to Mar. 31, 2001, El Paso Natural Gas failed to release gas supplies to California that could have been used to provide electric power, a Federal Energy Regulatory Commission judge ruled today.

The ruling by Chief Judge Curtis Wagner stated that "El Paso Pipeline withheld extremely large amounts of capacity that it could have flowed to its California delivery points and in violation of its 10-year settlement agreement, which substantially tightened the supply of natural gas at the California border significantly, broadening the basis differential."

The company's chairman, William Wise, said in a statement, "We are disappointed that today's proposed decision does not recognize the substantial record evidence supporting El Paso Natural Gas' position that the pipeline was operated properly."

The ruling reflected a change in Wagner's assessment of El Paso's role in the power market. Last fall, the judge did not find evidence that El Paso had manipulated the market. Today's ruling was based on his conclusion that extra supplies of natural gas had been available to El Paso at the time.
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