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

LADWP's Pine Tree Wind Project Advances

LCG, April 20, 2005--The Los Angeles Department of Water and Power (LADWP) Board of Commissioners approved the final Environmental Impact Report (EIR) yesterday for a new wind farm located north of Mojave. The Pine Tree Wind Project, with an electric generating capacity of 120-MW, will be the largest wind farm owned by a municipality in the country.

The wind farm will include 80, 1.5-MW turbines and will be located about 12 miles north of Mojave, California. Following approval of the construction contract by the Board and City Council, construction is expected to begin this summer. The project is expected to commence generating power in the first half of next year.

The Pine Tree Wind Project is a key element in LADWP's efforts to expand its renewable energy supplies. Last year, at the direction of the mayor, the City Council and the Board of Water and Power Commissions, LADWP began developing a Renewable Portfolio Standard (RPS) to increase its share of power generation through renewable energy sources -- such as solar, wind, geothermal and biomass -- to 13% of its energy by 2010 and 20% by 2017. In fact, last August Los Angeles Mayor James Hahn directed LADWP to withdraw from the expansion of the coal-fired, Intermountain Power Plant in Utah and to instead focus its efforts on pursuing cleaner energy sources.

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