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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

Minnesota Coal Project Receives DOE Grant

LCG, October 28, 2004--The Department of Energy announced that the proposed Mesaba Energy Project, an advanced coal plant estimated to cost $1.18 billion, will receive a $38 million grant. The grant is part of President Bush's 2002 Clean Coal Power Initiative (CCPI) to invest $2 billion over 10 years to advance technologies to help meet the United State's growing electricity demand.

The project will be a 531-MW, integrated gasification combined cycle (IGCC) plant and will be located near Hoyt Lakes, Minnesota. The generation process includes coal gasification, with the gas from the coal passed through a gas turbine to generate electricity. The hot exhaust gas from the turbine heats water to produce steam to power a steam turbine and generate electricity a second time. The plant design is intended to reduce costs and improve efficiency and availability with reduced emissions. Excelsior Energy Inc. and ConocoPhillips will construct and operate the plant.

Earlier this month, the DOE announced similar grants in support of other advanced coal technology projects. Orlando Utilities Commission (OUC) and Southern Power, the unregulated subsidiary of Southern Company, will receive a $235 million CCPI grant for the development of a 285-MW, advanced coal plant to be built at OUC's existing Stanton Energy Center near Orlando, Florida. Peabody Energy will also receive a $19.7 million CCPI grant to demonstrate a 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.

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