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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

FPL Begins Construction on Solar Project

LCG, February 27, 2009--Florida Power & Light Company (FPL) yesterday announced the groundbreaking for its DeSoto Next Generation Solar Energy Center, which will provide 25 MW of solar photovoltaic (PV) power to FPL's customers in Florida. The company states that the project will be the largest solar PV facility in the nation when it is complete at the end of 2009.

The DeSoto Next Generation Solar Energy Center will utilize 180 acres of land in DeSoto County, Florida. The facility will include 90,000 Sunpower PV panels with the SunPower® Tracker technology, which provides for the panels to follow the sun throughout the day and increase the solar energy converted to power.

FPL is now pursuing three solar projects in Florida, all of which were approved by the Florida Public Service Commission last July. In addition to the DeSoto Next Generation Solar Energy Center, a 10-MW, PV project that uses the Sunpower panels and SunPower® Tracker technology will be constructed at the Kennedy Space Center.

FPL's third solar project is the Martin Next Generation Solar Energy Center, which will be built at FPL's existing Martin Plant site, which includes natural gas-fired, combined cycle electric generating facilities. The project incorporates a design that will, when solar power is available, use energy from the sun to generate steam as a substitute for burning natural gas in a combined-cycle steam turbine system. The solar project will include approximately 180,000 mirrors spread over 500 acres. The project will provide for as much as 75 MW of solar power and is expected to be the first such hybrid system in the world.
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