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

Illinois Drives Solar Investment with New Legislation and Grants

LCG, August 20, 2010--Illinois Governor Pat Quinn approved legislation Tuesday that will accelerate solar carve-out targets for utilities and reduce red tape for homeowners that wish to install solar energy systems at their homes.

Governor Quinn stated, "Solar energy is the wave of the future, and it is important that our public utilities and homeowners are able to more easily increase their use of solar energy....We must do everything we can to increase our use of solar energy, which will help us protect natural resources and reduce our reliance on traditional energy sources, such as foreign oil."

House Bill 6202 amends the Illinois Power Agency Act and the Public Utilities Act accelerates the date from 2015 to June 1, 2012 for Ameren and Commonwealth Edison to purchase 0.5 percent of their power specifically from solar power generation sources. The requirement increases to 1.5 percent by June 1, 2013; 3 percent by June 1, 2014; and 6 percent by June 1, 2015, and each year thereafter.

Existing laws require investor-owned utilities (IOUs) in Illinois to supply at least 7% of retail electricity from renewables by 2012, with the renewable resources to grow to 25% by 2025. The carve-out requirement for wind is 75% of the renewable resources.

In addition to House Bill 6202, Governor Quinn signed the Homeowners' Solar Energy Act, which enables individual homeowners to install solar panels on their homes without undue interference from homeowner's associations.

The governor also announced a $4 million stimulus grant to support the Rockford Photovoltaic (PV) Solar Project, which will be installed at the the new solar PV panel manufacturing facility of Wanxiang America Corporation in Rockford, Illinois. The facility also received $2 million in state support back in 2009.
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