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

Progress Receives New License for Spent Fuel Storage at H. B. Robinson Plant

LCG, April 5, 2005--Progress Energy Carolinas, Inc., received a new, 40-year license for the dry-cask independent spent fuel storage installation at its H.B. Robinson nuclear power plant from the Nuclear Regulatory Commission (NRC) on March 30.

The single-unit, 710-MW H.B. Robinson nuclear plant is located near Hartsville, South Carolina and includes eight modules to store spent nuclear fuel. In April of last year, the NRC issued a new license for the plant's reactor for an additional 20 years. The reactor, which had a license set to expire in 2010, now has a license to operate until 2030. With the re-licensing for the storage of spent fuel, the long-term outlook for plant is improved.

This action marks only the second time that the NRC has re-licensed a dry-cask independent spent fuel storage facility. Last month, the NRC renewed Dominion Generation's license for its dry-cask independent spent fuel storage installation at the Surry nuclear power plant located near Surry, Virginia.

The 40-year term of the renewal at both power plants represents an exemption from the NRC regulations that specify a 20-year license term. The NRC stated that the exemption is allowed for in that dry casks are an interim storage solution that will be used until a more permanent solution is available.

The renewals at both nuclear stations include strict terms with respect to inspections and monitoring the aging and integrity of the casks.

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