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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

PJM Operations Now Include AEP and DP&L

LCG, October 5, 2004--On October 1, the PJM interconnection began managing the transmission lines of AEP Service Corporation and Dayton Power and Light Company. PJM now operates an integrated grid with nearly 50,000 miles of transmission lines in twelve states that connects to nearly 1,000 generators serving a peak load approaching 108,000 MW. Although PJM will control the transmission system, no ownership changes will occur.

Further expansion of the PJM system is anticipated with the integration of Dominion's Virginia Power. Virginia's Restructuring Act requires Virginia Power to join an RTO by January 1, 2005, and Virginia Power has submitted an application to do so. Settlement talks are underway that may make the hearing at the Virginia State Corporation Commission, scheduled to begin on October 12, unnecessary.

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