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

NRC Renews Operating License for Wolf Creek Generating Station in Kansas

LCG, November 21, 2008--The Nuclear Regulatory Commission (NRC) announced yesterday that it approved the renewal of the Wolf Creek Generating Station in Kansas. With the 20-year extension, the nuclear facility is licensed to operate until March 11, 2045. The power plant is owned by Kansas City Power & Light (47 percent), Westar Energy, Inc. (47 percent) and Kansas Electric Power Cooperative, Inc. (6 percent).

The plant operator, Wolf Creek Nuclear Operating Corporation, filed its license renewal application in September 2006. The NRC staff determined there are no environmental impacts and there are no safety concerns that would preclude renewal of the license. In addition, the Advisory Committee on Reactor Safeguards, which is an independent body of technical experts that advises the NRC, submitted its recommendation that the license renewal application for Wolf Creek should be approved.

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