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

ITC Great Plains Receives Siting Approval for Phase II of KETA Project

LCG, July 2, 2010--The Kansas Corporation Commission (KCC) on June 30 granted the siting permit and approved the 85-mile, 345-kV electric transmission line proposed by ITC Great Plains, LLC for Phase II of the KETA project. The project is designed to improve the reliability of the regional grid and increase transmission capacity to export wind power from Kansas.

The 345-kV KETA (Kansas Electric Transmission Authority) Project will extend approximately 225 miles from Spearville, Kansas north to Axtell, Nebraska and will be built in three phases: Spearville to the Post Rock substation near Hays; Post Rock to the Kansas-Nebraska border; and from the Kansas-Nebraska border to Axtell. ITC Great Plains will build the first two segments, from Spearville to the Nebraska border. The Nebraska Public Power District (NPPD) will build the third, 51-mile segment, from the Kansas-Nebraska border north to Axtell, where it will interconnect with an NPPD substation.

The Phase I, 89-mile route from Spearville to Hays was approved by the KCC in July 2009.

ITC Great Plains filed its Application for Phase II on March 2, 2010.

The Southwest Power Pool (SPP) endorsed addition of the KETA Project to the SPP Transmission Expansion Plan (STEP) as an approved, technically viable, economic upgrade. By virtue of the proposed line being approved as part of the SPP balanced portfolio, this line will be funded on a regional basis under the SPP Open Access Transmission Tariff and will be included in the regional postage stamp cost allocation methodology that allocates the transmission revenue requirement for the project across the SPP region.
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