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

Reliant Resources Appoints New Board and CEO

LCG, August 12, 2003Houston-based Reliant Resources has appointed two new board members and a new chief executive officer.

Joel Staff, who served as chief executive officer of National Oilwell Inc., will take the place of Steve Letbetter, who stepped down from his position as CEO of Reliant in April.

Kirbyjon H. Caldwell, a senior pastor of the United Methodist Church, has been elected to a seat on Reliants Board of Directors. He has been involved with the Methodist church for over twenty years and is also currently taking part in the creation of a 234-acre planned community.

Steven L. Miller has also been chosen to join the Board. He is chairman and president of SLM Discovery Ventures and former CEO of Shell Oil Co. Before retiring from Shell Oil, he served 35 years with the company.

Reliant Resources will have a total of seven members on its Board of Directors, six of whom are non-employee directors.

Reliant also announced today that it will be cutting 650 jobs in an effort to reduce operating costs. 250 active jobs will be lost, 300 temporary and contract jobs will go, and 100 open positions will not be filled.

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