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

Texas Genco Awarded DOE Grant for Coal Plant Emissions Project

LCG, October 29, 2004--Yesterday the Department of Energy (DOE) announced the final project selected to receive a grant from Round Two of the 2002 Clean Coal Power Initiative. Texas Genco will receive $6.1 million grant in support of a $12.2 million project to reduce emissions at an existing coal plant.

The project will focus on reducing mercury emissions through the use of advanced control processes and sensor technologies to optimize mercury speciation and control at the existing Limestone Electric Generating Station. The plant will use a blend of Texas lignite and Powder River Basin (PRB) subbituminous coal.

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 country's growing demand for electricity.

The DOE announced similar grants this month in support of other advanced coal technology projects. Excelsior Energy, Inc. and ConocoPhillips will receive a $38 million grant for the development of a new, 531-MW, integrated gasification combined cycle (IGCC) plant to be located near Hoyt Lakes, Minnesota. Orlando Utilities Commission (OUC) and Southern Power, the unregulated subsidiary of Southern Company, will receive a $235 million 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 receive a $19.7 million 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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