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

PGE and PacifiCorp Execute MOU to Develop Transmission Line for Wind Power

LCG, August 4, 2010--Portland General Electric (PGE) and PacifiCorp announced that they executed a Memorandum of Understanding (MOU) effective July 22, 2010 to discuss the joint development and construction of the Cascade Crossing, a 210-mile, double-circuit 500 kV transmission line designed to transport more wind power from remote areas in the Northwest to load centers in Oregon. Given timely permit approvals, construction could occur between 2013 and 2015.

PGE senior vice president for customer service and delivery stated, "The need for more transmission is regional, so it makes sense to consider partnering with multiple utilities to share the line....This potential partnership would bring Oregon's two largest investor-owned utilities together to help meet the state?s growing energy needs, enable the development of more renewable power projects in Oregon, and enhance reliability of the region?s electrical grid."

The Cascade Crossing transmission line would extend approximately 210 miles from Boardman, Oregon (located in north-central Oregon along the state border with Washington) to the vicinity of Salem, in western Oregon. The project is estimated to cost $610 million to $825 million, including new or upgraded substations and interconnections.

PacifiCorp will receive 600 MW of bidirectional transmission capacity on Cascade Crossing, and PGE will receive the balance of the remaining bidirectional capacity on Cascade Crossing, which is estimated to be 2100 MW (but no less than 1500 MW).

PGE applied to the federal government for permits to cross federal lands and has initiated the application process to receive a site certificate from the Oregon Energy Facility Siting Council.
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