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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

RUS Approves Loan Guarantee for Seminole Electric Peaking Plants

LCG, October 7, 2004--Seminole Electric Cooperative, Inc. (SECI) announced that it received approval from the Rural Utilities Service (RUS) of the U.S. Department of Agriculture (USDA) for a $136.474 million loan guarantee to finance the expansion of Seminole's Payne Creek Generating Station.

The existing, 500-MW Payne Creek Generating Station is located in Hardee County, Florida and began commercial operations on January 1, 2002. The initial configuration consisted of two, natural gas-fueled combustion turbines in combination with a steam turbine generator that uses heat recovered from the turbines' exhaust.

Seminole now plans to install five, 62-MW Pratt & Whitney combustion turbines to provide an additional 310 MW of peaking capacity. Construction is planned to begin in February 2006, with operation commencing December 2006. The new units will be fueled by natural gas, with the ability to switch to low sulfur diesel fuel if desired for reliability or economic reasons. The Station is connected to both the Florida Gas Transmission and Gulfstream Natural Gas System pipelines.

The site is owned by an SECI subsidiary and also contains the Hardee Power Station, which was originally owned by TECO Power Services Corporation. The Hardee Power Station, with a combined capacity of 370 MW, is now owned by Invenergy, LLC. The two existing stations share some of the infrastructure at the site.

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