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

Outlook for Mohave Coal Plant Uncertain

LCG, October 20, 2004--The outlook for the Mohave Generating Station remains uncertain, as Southern California Edison moves closer to decision milestones with its 35-year operating permit, which expires at the end of 2005. Expected upgrades required at the 1,580 MW plant are estimated to cost $1.1 billion, including the installation of pollution control equipment required under a 1999 consent decree. If the upgrades are made, the plant could reopen in 2009 or 2010.

The coal-fired station, located on the Arizona-Nevada border near Laughlin, Nevada, is partially owned by the Salt River Project. The plant receives coal via a 270-mile coal slurry line originating at the Black Mesa Coal Mine, operated by Peabody Energy Corp. Key issues include obtaining water supplies from the Hopi and Navajo tribes, who have been unwilling to allow the pumping of groundwater for mining beyond 2005. Southern California Edison has stated that it is not willing to invest in the upgrades without a binding agreement for water and coal for the plant until at least 2026.

If the large, coal-fired, station is shut down, its loss would be noticed, as there is limited base load generating capacity in the region that is not fueled by natural gas.

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