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

Presidential Permit Issued for Montana Alberta Tie Ltd. Project

LCG, November 18, 2008-- Tonbridge Power Inc. yesterday announced that the Department of Energy (DOE) and the Office of Electricity Delivery and Energy Reliability (OE) published its Record of Decision to issue a Presidential Permit for the proposed Montana Alberta Tie Ltd. (MATL) transmission line project that will provide the first, direct link from Alberta to electricity markets in the United States.

The Presidential Permit allows MATL to construct, operate, maintain and connect a single-circuit, 230-kV electric transmission line along the preferred alternative route identified in the EIS. According to Tonbridge, the Presidential Permit is the last and final regulatory approval required by MATL to build the power transmission line.

The international line will extend northward from an existing NorthWestern Energy (NWE) 230-kV switchyard at Great Falls, Montana to a new substation to be constructed northeast of Lethbridge, Alberta, Canada. The new line is expected to enhance the development of wind farms along its route. Approximately 130 miles of the 203-mile long transmission line will be built in the United States.

When the project is complete, the line will have a bidirectional path rating of 300 MW. Two "Open Season" capacity auctions occurred for this merchant power transmission project, and 300 MW of northbound and 300 MW of southbound capacity were awarded. The line has a physical capacity of 650 MW to enable future capacity upgrades.

Tonbridge Power is the 100% controlling shareholder of the project.
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