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

Siting of New York City Plant Not Finalized

LCG, Aug. 26, 2003--A power plant that could provide both steam and electricity to New York City and which developer TransGas hopes to build in Greenpoint, Brooklyn, would be better located in an industrial area, according to Michael Bloomberg and some neighborhood groups.

According to a lawyer for TransGas, Sam Laniado, it did not have communications from the city about alternative locations. A spokesman for Mayor Bloomberg, Jordan Barowitz, agrees that New York City needs to address both transmission and generation deficiencies to avert future blackouts. Other blackouts took place in the city in 1999 and 2002.

Bloomberg said that although a power plant has to be built, opposition to siting in residential areas is essentially universal. The city is hoping to have development of the Greenpoint area that would replace old docks and warehouses with housing. Greenpoint, which stretches for about one-and-a-half miles, offers excellent views of the Manhattan skyline, as well as superb transmission access, according to TransGas. Laniado noted that the city would not have final authority in the siting of the plant it plans to build.
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