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

Ameren Announces New Nuclear Reactor Under Consideration at Callaway

LCG, December 6, 2005--Ameren Corporation announced late last week that it is evaluating the addition of another nuclear reactor at its Callaway Plant in Missouri.

Gary Rainwater, chief executive officer and president of Ameren Corporation, made the announcement last Thursday. According to Rainwater, the new reactor would cost about $2 billion and could commence operations in 2017, at the earliest. Ameren is currently exploring options for base load power stations, and a decision is expected in the next three years. A factor that favors nuclear power is that no greenhouse gases are emitted.

The existing Callaway Plant is a Standardized Nuclear Unit Power Plant System (SNUPPS) that uses a Westinghouse four-loop pressurized water reactor and a General Electric turbine-generator. The plant, located about twenty-five miles northeast of Jefferson City, went into service December 1984 and has a net generating capacity of 1,126 MW. The site was initially developed with the idea of adding a second unit in the future.

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