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 Approves First U.S. LNG Terminal in 20 Years

LCG, August 22, 2003Sempra Energy has receivedinformal environmental approval to construct the firstliquified natural gas terminal in the U.S. in 20years.

Sempra plans to build the facility in Hackberry,Louisiana, some 30 miles from the Louisiana-Texasborder. The site is projected to cost $700 million andwill be able to process 1.5 billion cubic feet perday. If constructed according to the expected timeframe, Hackberry will be up and running by 2007.
The company announced that the Federal EnergyRegulatory Commission (FERC) found the plansenvironmentally acceptable and issued a finalenvironmental impact statement asserting the facilitywould pose little environmental hazard. Sempra alsoneeds approval from the Army Corps of Engineers andLouisiana authorities before beginningconstruction.

The company expects official approval from FERC soon and sees no major obstacles toconstruction.

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