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

NRC Accepts MHI's Nuclear Reactor Design Application for Review

LCG, March 5, 2008--The Nuclear Regulatory Commission (NRC) on February 29 accepted for review an application from Mitsubishi Heavy Industries (MHI) to certify the U.S. Advanced Pressurized Water Reactor (US-APWR) design. The US-APWR design supports a 1,700 MW nuclear power station design. A similar version is now under license review in Japan.

MHI filed its application to certify the design on December 31, 2007. The NRC will conduct a technical review and will issue a Safety Evaluation Report after all technical and safety questions are addressed. The NRC may then certify the design with an agency rulemaking. The NRC?s Office of New Reactors expects the review work will continue at least into 2011.

Given certification by the NRC, a company applying for a license to construct and operate a nuclear power plant could elect to use the design and reduce potential litigation, as safety issues resolved within the scope of the design certification would generally not be subject to litigation.

The US-APWR design was selected by Luminant (formerly TXU Power) for its planned new nuclear power plants, which include two new reactors at the existing, 2,300-MW Comanche Peak nuclear power station in Texas.
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