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

State Commission Approves Construction of AEP's IGCC Plant in West Virginia

LCG, March 7, 2007--The West Virginia Public Service Commission issued an order yesterday granting the application of Appalachian Power Company (APCO) for a Certificate of Public Convenience and Necessity (CPCN) to construct and operate a 629 MW Integrated Gasification Combined Cycle (IGCC) electric generating unit adjacent to its Mountaineer Generating Station in Mason County, West Virginia. APCO is a subsidiary of American Electric Power (AEP).

The IGCC process converts coal into a synthesis gas to fuel a combustion turbine generator. The hot exhaust gas from the turbine heats water to produce steam to power a steam turbine and generate electricity a second time.

In 2005 AEP signed an agreement with GE Energy and Bechtel Corporation to develop the engineering and design process for a coal-fired, power plant using an IGCC design. (GE Energy purchased the ChevronTexaco gasification technology business, whose technology has been applied to a number of IGCC power plants.)

The order includes a condition that requires APCO to file a revised project cost estimate no later than January 1, 2009. When the IGCC Project cost has been fine tuned under the GE/Bechtel contract, if the revised cost exceeds the $2.23 billion estimate in the Application, APCo is required to file for an amendment to the Certificate advising the Commission of the higher contract price prior to proceeding.

The Commission's order also includes a requirement that APCO must file an affidavit evidencing its commitment to use coal produced in West Virginia for no less than 75 percent of the fuel requirements of the plant within ten days of the date of the order.

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