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

APS Signs PPA with NextEra for Power from Perrin Ranch Wind Energy Center

LCG, July 29, 2010--Arizona Public Service Company (APS) and NextEra Energy Resources have executed a 25-year, power purchase agreement (PPA) for APS to buy all of power generated from NextEra's planned Perrin Ranch Wind Energy Center, located in Coconino County, Arizona.

The 99.2-MW project will consist of 62, 1.6-MW wind turbines. Construction is scheduled to commence next year, and the project is expected to deliver power to the grid in 2012. This schedule is contingent upon receiving necessary permitting. In addition, the PPA must be approved by the Arizona Corporation Commission (ACC).

In 2006, the Arizona Corporation Commission (ACC) adopted rules setting Arizona's Renewable Energy Standard (RES) to 15 percent by 2025, with 30 percent of the renewable energy to be derived from distributed energy technologies. Investor-owned utilities (like APS) and electric power cooperatives serving retail customers in Arizona must meet this target. The RES target in 2012 is 3.5 percent.

Arizona's first commercial-scale wind farm, the Dry Lake Wind Power Project, was dedicated in October 2009. The 63-MW project was developed by Iberdrola Renewables, and Salt River Project (SRP) signed a PPA for all of the power output. The project includes 30 Suzlon S88-2.1 MW wind turbines.
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