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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.

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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

EPCOR Expands Wind Farm Potential in Ontario

LCG, April 22, 2005--EPCOR has reached an agreement to acquire Port Albert Wind Farms, Ltd. (PAWF), including the development and interconnection rights for more than 270 MW of electric generation derived from the wind along the western shores of Lake Huron.

In Ontario, EPCOR is already constructing the Kingsbridge Wind Power Project that is scheduled to commence operations in late 2005 or early 2006. The 39.6-MW project, located near Goderich, is adjacent to most of the development rights acquired from PAWF.

The Kingsbridge Wind Power Project was selected last November by the Ontario Ministry of Energy following the release of the Ontario government's Request for Proposals (RFP) for renewable energy supplies earlier last year. New energy supplies are critical to the Province of Ontario, which has already committed to closing 7,600 MW of coal-fired generating capacity - including the 1,140-MW Lakeview Generating Station this month - by 2008 in order to improve air quality.

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