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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

Power Plant Decision Delayed in Oklahoma

LCG, Aug. 13, 2003--A Oklahoma Corporation Commission vote that was to have taken place this Monday on a proposed cogeneration plant was delayed by the commissioners, who will hear further testimony about the possible economic merits of the independent power station.

At issue is whether utility American Electric Power-Public Service Co. of Oklahoma can make purchases under contract from the plant less expensively than it can buy power from the market and generate from its own resources. The utility has come down strongly against the plant, while its figures are disputed by the legal counsel for plant developer Energetix Co., Deborah Thompson.

The town of Lawton, where the proposed natural gas-fired plant would be built, does not have strong transmission ties to the northeastern part of Oklahoma, where much of the utility's generators produce power, according to Court Newkirk, the economic development director of the Lawton Chamber of Commerce. Newkirk says that growth in the town is increasing the need for power.

Under the Public Utility Regulatory Policy Act, a utility such as AEP-PSO is required to obtain power from independent generators when the cost is lower than that of self-supply. The utility's management, which would need to purchase 7 percent of its requirements from the Lawton plant if it were built, bases its argument on projections of natural gas prices, while Energetix bases its cost comparison on what is says are the utility's actual generation costs.
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