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

Peabody Energy Receives DOE Grant for New Mexico Power Plant

LCG, October 19, 2004--Peabody Energy received a $19.7 million Clean Coal Power Initiative grant from the U.S. Department of Energy fordemonstrating technology to achieve ultra-low emissions at the proposed 300 MW Mustang Energy Project located near Peabody's Lee Ranch Coal Company operations in New Mexico.

The plant would demonstrate on a commercial scale a technology that operates in a manner similar to a traditional scrubber system. The system will employ sodium bicarbonate (baking soda) in the scrubber and is expected to achieve 99.5 percent removal of sulfur dioxide, 98 percent removal of nitrogen oxide and 90 percent removal of mercury. The sulfur and nitrogen byproducts will be used to create high value, granular fertilizer. The plant will use low-NOx burners, fabric filtration and a dry cooling system to minimize emissions and water consumption. The Department of Energy grant will be repaid as the technology is demonstrated.

Peabody's announcement did not include a target operational date or information regarding buyers of the plants output.

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