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

New 300-MW Coal Unit Dedicated in Missouri

LCG, November 17, 2010--City Utilities of Springfield (CU) last Wednesday dedicated and synched to the grid Southwest Power Station Unit 2, a 300-MW coal unit located in Springfield, Missouri. Following additional testing, commercial operation is scheduled to commence in early January.

The coal-fired project, which cost $697 million (including financing), was built following persistent opposition to the plant. Springfield voters turned down the municipal power project in August 2004, but later approved the project in June 2006.

The President and CEO of the American Public Power Association attended the event and stated, "We are currently having a national debate about the merits of different power resources - coal, natural gas, renewable, nuclear and energy efficiency. But the fact, is that we need all of them, including coal, to maintain a diverse, reliable power supply. The state-of-the art technology built into SW2 assures that its power will not only be affordable and reliable, but will also meet the strictest emissions standards."

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