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

Gulfstream Pipeline's Phase II Extension Now in Service

LCG, February 2, 2005--Yesterday the Phase II Extension of the Gulfstream Pipeline was placed into service, reaching new customers in central and eastern Florida. The 30-inch diameter, 110-mile long natural gas pipeline extension provides an additional 350 MMcf/day of new transportation service to gas markets, in particular power plants. Construction on the Florida extension began last summer and included construction in five counties: Polk, Hardee, Highlands, Okeechobee and Martin.

Gulfstream, a joint development between Williams and Duke Energy, was originally placed into service in May 2002 and is the first new natural gas pipeline into Florida in over 40 years. The pipeline, with a capacity of approximately 1.1 Bcf/day, receives gas from Mobile Bay, East Louisiana and Mississippi before crossing more than 400 miles of the Gulf of Mexico.

A key customer on the extension is Florida Power & Light, which will transport gas to its planned expansion of its power generation facilities at Martin and Manatee Stations. The Martin Station expansion, estimated to cost $500 million, calls for converting two combustion turbine peaking units, along with two new combustion turbines, into a more efficient combined-cycle plant that will provide an additional 800 MW. At Manatee Station, a new 1,100-MW, combined-cycle plant is approaching completion, at a cost of approximately $600 million.

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