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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

Xcel and enXco Announce Agreement for North Dakota and Minnesota Wind Projects

LCG, November 4, 2008--Xcel Energy and enXco announced Friday plans to develop two wind projects totaling 351 MW of electric generating capacity before the year 2012. enXco will develop and build the projects, with Xcel Energy seeking necessary regulatory approvals. Once the projects are complete, a utility subsidiary of Xcel Energy, Northern States Power Company, will take ownership.

EnXco will develop the Nobles Wind Project in southwestern Minnesota. The project will have an electric generating capacity of 201 MW and is scheduled to commence operations in 2010.

The Merricourt Wind Project is sited in southeastern North Dakota and will have a capacity of 150 MW and will include 100 1.5-MW wind turbines. The estimated cost of the project is $400 million. The project is scheduled to be operational by the end of 2011.

Minnesota passed a renewable portfolio standard (RPS) in 2007 that includes specific targets for Xcel Energy, including a requirement that eligible renewable electricity account for 30 percent of total retail electricity sales in Minnesota by the end of 2020. Furthermore, 25 percent of the renewable electricity must be generated by wind-energy systems.
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