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

SCE Signs Contracts for 831 MW of Solar PV Capacity

LCG, January 11, 2011--Southern California Edison (SCE) has signed power purchase agreements (PPAs) with Fotowatio Renewable Ventures Inc. (FRV) and SunPower Corp. for a total of 831 MW of electric generating capacity. The PPAs cover seven, solar PV projects located in Southern California that are scheduled to commence operations over a period spanning from late 2013 through late 2016. The PPAs must still be approved by the California Public Utilities Commission (CPUC).

SCE's Vice President of Renewable and Alternative Power stated in FRV's press release, "Utility-scale solar is an important element in reaching California renewable energy goals....FRV will help SCE continue to be the largest purchaser of solar power in the United States and we're delighted to contract with FRV on these projects."

SCE executed three PPAs, totaling 711 MW, with SunPower. The associated projects are: Solar Star California XIII LLC, a 110-MW project sited in Los Banos, with a target to be operational by December 31, 2014; Solar Star California XIX LLC, a 325-MW project sited in Rosamond, with a target to be operational by October 31, 2016; and Solar Star California XX LLC, a 276-MW project sited in Rosamond, with a target to be operational by October 31, 2016.

SCE's four PPA's with FRV have a total generating capacity of 120 MW. The largest project with FRV is Regulus Solar LP, a 60-MW project sited in Lamont, with a target to be operational by December 31, 2013. The other three projects each have a 20-MW capacity; Cygnus Solar LP, sited in Arvin, is targeted to be operational by September 30, 2013; Mojave Solar LP, sited in Mojave, is targeted to be operational by December 31, 2013; and Mojave Solar 4 LP, sited in Lancaster, is targeted to be operational by December 31, 2013.

California's Renewables Portfolio Standard (RPS), originated in 2002, requires electric utilities to serve a growing percentage of sales with eligible renewable-energy resources. The RPS requirement now grows annually to 33% of retail sales by 2020.
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