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

Entergy Pursues License Extensions for Yankee and Pilgrim Reactors

LCG, December 1, 2005--Entergy notified the Nuclear Regulatory Commission (NRC) yesterday that it plans to submit license renewal applications for the Pilgrim and Vermont Yankee Power Stations in late January of next year. If approved, the renewals would extend the operating licenses by 20 years.

Entergy plans to request that the applications be reviewed together by one review team to achieve greater review efficiency. Both nuclear power stations incorporate similar designs that utilize the General Electric Boiling Water Reactor (BWR) and both stations began operations in the early seventies. Pilgrim commenced commercial operations in December 1972, and its license expiration date is June 8, 2012. Vermont Yankee began commercial operations in November 1972, and its license expiration date is March 21, 2012.

The 670-MW Pilgrim plant is located in Plymouth, Massachusetts, and the 535-MW Vermont Yankee plant is located near Vernon, Vermont. Together, the two plants deliver a significant quantity of power without emitting any greenhouse gases.

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