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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

Magnolia Power Plant Approaches Commercial Operations

LCG, June 10, 2005--Six Southern California cities celebrated late last week the completion of the Magnolia Power Plant, a 310-MW, electric generating station located in Burbank, California. Commercial operations of the $234 million plant are scheduled to begin next month.

On behalf of the six participating cities, the Southern California Public Power Authority, a joint powers agency, is serving as the projects owner and financing agent. The generation from the plant will be divided amongst the following cities: Anaheim, Burbank, Glendale, Pasadena, Cerritos, and Colton. Each city will schedule their own power output with Burbank for every hour of every day.

The plant will provide a source of power located near the electric loads of the cities, which will reduce reliance on long-distance transmission lines and susceptibility to transmission congestion.

The new, gas-fired, combined-cycle plant is located on the same site where a power plant was built in 1941. The new plant will use reclaimed water from a wastewater treatment plant for cooling and will have zero liquid discharges from the plant. In base-load operation, the unit will generate 242 MW. With the use of duct firing and steam injection, plant capacity can be increased up to 310 MW to meet peak demands.

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