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

Court Ruling Allows We Energies' Oak Creek Project to Proceed

LCG, June 29, 2005--Yesterday the Wisconsin Supreme Court voted 4-2 to reverse a Dane County Circuit Court ruling that had blocked the construction of two, 615-MW coal plants. With the new ruling, We Energies plans to proceed rapidly towards construction.

Dane County Circuit Judge David Flanagan had ruled last November that the Wisconsin Public Service Commission's (WPSC) approval of the Oak Creek project violated state statutes and that the WPSC must restart the approval process. The PSCW approved the construction of the project in November 2003. The project, estimated to cost $2.15 billion, includes two, supercritical pulverized coal units and would be the largest coal plant in Wisconsin.

The project was opposed in court by Clean Wisconsin Inc. and S.C. Johnson & Sons Inc. These opponents are also challenging three state permits which the plant needs to operate, including a lawsuit with the Dane County Circuit Court that challenges the Wisconsin Department of Natural Resources' air pollution permit and one for the cooling system, which was an item of dissent among Supreme Court justices.

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