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

OPPD Board Moves Forward on New Coal Plant

LCG, April 15, 2005--The Omaha Public Power District Board of Directors has authorized management to proceed toward executing a contract with the Nebraska City Power Partners that will lead to the construction of a 663-MW, coal-fired power plant located near Nebraska City. Nebraska City Power Partners is a consortium of contractors that includes Black & Veatch, Gilbert Industrial Corporation, and Zachary Construction of San Antonio, Texas.

The site, Nebraska City Station, already has one coal-fired unit generating power and has the potential for a total of four units. Construction is expected to begin in September, and commercial operations are to commence in 2009. The new unit will burn low-sulfur coal and will include sophisticated emission-control systems.

Omaha Public Power District (OPPD) will use 50% of the power from the new coal unit to serve the electricity demands of its customers. The remainder of the plant output will be used by seven other public power entities participating in the unit.

The new coal plant is one of many coal projects planned across North America that are moving forward towards commercial operation.

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