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

FPL Energy Files to Construct 250-MW Solar Power Plant in California

LCG, March 27, 2008--FPL Energy yesterday announced that it has filed an Application for Certification with the California Energy Commission (CEC) to construct, own and operate a 250-MW solar plant in the Mojave Desert. FPL Energy's goal is to add at least 600 MW of new solar generating facilities by 2015.

The Beacon Solar Energy Project will incorporate a concentrating solar power (CSP) design whereby arrays of parabolic mirrors track the sun and concentrate the sun's energy on a heat transfer fluid, which in turn is used to transform water into steam for a steam turbine that creates power. Over 500,000 mirrors will be distributed over the 2,000-acre project site in eastern Kern County.

FPL Energy anticipates that construction will begin late next year, and the project is scheduled to commence commercial operations by the third quarter of 2011, given timely regulatory approvals.

FPL Energy is not alone with its plans to develop large-scale CSP facilities. Last month, Arizona Public Service Co. (APS) announced plans to construct the Solana Generating Station, a 280-MW CSP plant. The Solana Generating Station will be built approximately 70 miles southwest of Phoenix, Arizona and is scheduled to commence operations by 2011. Abengoa Solar Inc. will build, own and operate the plant, and APS will purchase all of the power generated, subject to approval by the Arizona Corporation Commission.
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