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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 Senate Blocks Taylorville IGCC Coal Project

LCG, January 13, 2011--The Illinois Senate on Wednesday did not approve proposed rate subsidies for Tenaska's planned Taylorville power project by a vote of 18 to 33. The Illinois State House previously approved Tenaska's proposal by a vote of 63 to 50 on November 30, 2010.

Tenaska planned to commence construction on the $3.5 billion project in mid 2011. Without the Senate approval, Tenaska will need to reconsider its plans.

The project design incorporates Siemens AG's integrated gasification combined cycle (IGCC) technology to gasify Illinois coal for fuel to generate electricity in the 602-MW facility.

Tenaska expects the coal gasification process will allow over 50 percent of the CO2 produced to be captured, thereby reducing the carbon emissions from the facility. The captured CO2 would then be sequestered, either by storing the CO2 underground in Illinois or transporting the CO2 via pipeline to Gulf Coast states, where it would be injected into oil fields to enhanced oil recovery.

Tenaska plans to rely upon federal support for the project, which is sited approximately 200 miles south of Chicago in Christian County. Tenaska has stated that it is waiting for final approval on a $2.579 billion federal loan guarantee and that it plans to use a $417 million federal tax credit.
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