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

Cleco Poised to Begin Construction of Coal-fired Generator at Rodemacher Power Station

LCG, March 23, 2006--Cleco Corp. yesterday announced that its board of directors approved plans by Cleco Power LLC, the electric utility subsidiary of Cleco Corp., to construct a new, solid-fuel unit at the Rodemacher Power Station near Boyce, Louisiana. The new facilities are estimated to cost approximately $1 billion and include circulating fluidized-bed (CFB) boilers that are designed to burn a wide range of solid fuels.

On February 22, the Louisiana Public Service Commission (LPSC) unanimously approved the project. The LPSC also approved a staff recommendation to allow Cleco to collect - during the construction period - approximately seventy-five percent of the carrying costs of capital during construction.

According to Cleco, all environmental permits necessary for construction have been issued, and construction can start in April. Commercial operations are scheduled to commence in late 2009.

The new generating facility will include two, 330-MW CFB boilers designed to deliver steam to a single, reheat turbine with a generator that will produce a nominal 600 MW.The primary fuel is expected to be petroleum coke, which is a waste byproduct of crude oil refinement and readily available from sources in the Gulf Coast region. The CFB boilers could alternatively be fueled by western coal from the Powder River Basin or lignite from the state of Louisiana. The fuel flexibility is part of Cleco's strategy to reduce reliance on natural gas, which is currently the fuel used by Cleco to produce about seventy percent of its electricity generated.

The existing Rodemacher Power Station includes two units with a total capacity of 963 MW. Unit 1, with a capacity of 440 MW, is owned by Cleco Power and is fueled by natural gas and low-sulfur fuel oil. The initial start-up of Unit 1 was in 1975. Unit 2, completed in 1982, is jointly owned by Cleco Power, Louisiana Electric Power Association and Lafayette Utilities System. Unit 2 has a capacity of 523 MW and is fueled primarily by coal from the Powder River Basin
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