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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

California PUC Issues Renewables Report

LCG, February 20, 2009--The California Public Utilities Commission (CPUC) earlier this week issued its first quarter report stating that more than 500 MW of new renewable generating capacity completed construction in 2008, which represents 60% of the total renewable capacity installed since 2003.

The additional renewable generation brings the total eligible Renewable Portfolio Standard (RPS) capacity to nearly 900 MW. The CPUC approved 111 power purchase agreements representing over 2,800 MW of generating capacity that were presented by the investor owned utilities (IOUs), Pacific Gas and Electric (PG&E), Southern California Edison (SCE), and San Diego Gas & Electric (SDG&E). Projects approved included solar, wind, biogas and biomass.

The renewable energy targets set in the California RPS for the IOUs are 20 percent of retail sales in 2010 and 33 percent in 2020.
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