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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.

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.

TXU Streamlines Generation Portfolio in Texas

LCG, February 4, 2005--TXU Corp. announced it plans to sell or offer capacity through tolling arrangements a total of 6,214 MW of electric generating capacity in Texas. The capacity is available from older gas-fired, power plants. A subsidiary, TXU Power, issued a Request for Proposals (RFP) earlier this week and plans to complete the RFP process in the second quarter of 2005.

The units available for tolling arrangements are located at DeCordova, Permian Basin, and Morgan Creek Stations, with a combined capacity of 2,744 MW. Units available for either tolling or purchase are located at Collin, Trinidad, North Lake, Lake Creek, Eagle Mountain, Sweetwater and Valley Stations, with a combined capacity of 3,470 MW. TXU Power expects to satisfy its needs through the use of its remaining natural gas-fired plants, together with its nuclear and coal-fired generating fleet.

In January, TXU announced that it will stop operating nine, 65-MW, gas-fired combustion turbines installed at Permian Basin and DeCordova Stations. Last November, TXU announced it planned to mothball the units located at Valley, North Lake and Morgan Creek stations and estimated total annual savings to be approximately $20 million.

With the considerable quantity of new, efficient generating capacity installed in Texas over the past few years, a surplus of capacity exists now and older, less-efficient plants have limited value. In January, Texas Genco LLC also announced that it planned to retire nearly 3,800 MW of gas-fired generating units at six power plants in the vicinity of Houston. Of the generation to be retired, 2,567 MW of capacity had been previously mothballed. The units identified for closures are: P.H. Robinson, Cedar Bayou 3, T.H. Wharton 2, H.O. Clarke, Deepwater 7, and Webster. The age of these units ranges from roughly 30-50 years.

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