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

Army Corps Issues Permit for Cape Wind Project

LCG, January 7, 2011--The U.S. Army Corps of Engineers made its determination Wednesday to issue a Corps permit for the Cape Wind, LLC wind energy facility proposal to install wind turbines in Nantucket Sound, Massachusetts. The project developer has pursued government approval since 2001 and completed State and local permitting in 2009.

The 468-MW, Cape Wind Project will include 130, 3.6-MW wind turbines and will connect to the power grid via a 66.5-mile, buried submarine transmission cable system. Cape Wind, LLC has contracted with Siemens for the wind turbines, and Siemens may help finance the construction of the project. A Siemens spokesperson recently stated, "We have been in discussions to help finance debt and equity....We'd be willing to be a part if it's required."

The project developer plans to commence construction by the end of 2011 and to start delivering power to the grid by early 2013.

The U.S. Environmental Protection Agency (EPA) must still issue a permit for air emissions during construction.
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