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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

Bruce Power Files with CNSC to Build Nuclear Reactors in Alberta

LCG, March 14, 2008--The Canadian Nuclear Safety Commission (CNSC) yesterday received an application from Bruce Power to prepare a site to construct as many as four nuclear reactors in northwestern Alberta. The estimated cost is over $8 billion, and the electric generating capacity would be up to 4,000 MW. The facility could be operational as early as 2017, according to Bruce Power.

Bruce Power purchased the assets of Energy Alberta Corp., which applied last August to build two reactors with a combined net generating capacity of 2,100 MW near Peace River in Alberta.

Bruce Power is a partnership among Cameco Corporation, TransCanada PipeLines, BPC Generation Infrastructure Trust, and the two main unions at the existing Bruce site, the Power Workers' Union and The Society of Energy Professionals. Bruce Power currently operates the Bruce A and Bruce B nuclear power stations, which include six active units and two, 750-MW units that are in the process of being refurbished that are located northwest of Toronto.
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