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

Southern Power and OUC Receive DOE Funds for Coal Plant

LCG, October 22, 2004--Orlando Utilities Commission (OUC) and Southern Power, the unregulated subsidiary of Southern Company, will receive a $235 million federal grant from the Department of Energy (DOE) for the development of an advanced coal plant to be built at OUC's existing Stanton Energy Center near Orlando, Florida.

The new, 285 MW coal plant will be based on the transport gasifier that Southern Company and others have been developing at the Power Systems Development Facility near Wilsonville, Alabama. The transport gasifier offers a simpler method to generate power from coal and is cost-effective when handling low rank coal, as well as coals with high moisture or high ash content. Operations of the new plant are planned to commence in 2010.

The existing facilities at Stanton include two, coal-fired generating units and a combined-cycle natural gas-fired unit, with a total generation capacity of more than 1,500 MW. The site is owned by OUC. A 630 MW combined-cycle natural gas-fired unit began commercial operation a year ago. The combined-cycle unit is a joint development project between Southern Company, OUC, Florida Municipal Power Agency and Kissimmee Utility Authority. The municipal partners purchase 100 percent of the units output.

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