Connecticut Seeks 2,000 MW of Offshore Wind Capacity

LCG, August 22, 2019--The Connecticut Department of Energy and Environmental Protection (DEEP) on Friday released a request for proposals (RFP) for offshore wind power projects. DEEP is seeking up to 2,000 MW, as required under Public Act 19-71, An Act Concerning the Procurement of Energy Derived from Offshore Wind.

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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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Industry News

FERC Rulemaking on Intra-Company Communications Criticized

LCG, Apr. 14, 2003--The Federal Energy Regulatory Commission (FERC) has received a joint letter from three large energy trade groups that expresses concerns about a proposed set of standards that would govern the kinds of communications that are allowed between subsidiaries and top corporate executives.

The standards extend to communications by employees in entities not traditionally regulated by the agency, such as transmission schedulers, and those who trade physical gas, electric power or energy derivatives. The FERC's proposal arose about a year and a half ago, and was intended to deter discrimination against non-affiliates of companies that are engaged in different parts of the energy markets. The trade groups that produced the letter are the American Gas Association, the Interstate Natural Gas Association of American and the Edison Electric Institute.

"Under the proposed definition of 'energy affiliate,' communications of transmission information for corporate governance purposes from a transmission provider subsidiary to senior management of the subsidiary's parent would be communications to an 'energy affiliate' that are restricted by the proposed rule," the filing of April 7 stated. They groups noted that while they are in accordance with the non-discriminatory aim of the proposed standards, the restriction on communication would be strongly contradictory to provisions of the Sarbanes-Oxley Act, which was passed in 2002 in response to the emergence of corporate scandals, particularly at Enron. Sarbanes-Oxley requires that the financial status of subsidiaries be fully understood by management.

The letter also requested a technical conference to examine how communications could be less restricted by FERC, with the rulemaking pending under FERC docket RM01-10.
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