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 York PSC Approves Construction for NRG's Astoria Project

LCG, January 21, 2011-NRG Astoria Power LLC, a subsidiary of NRG Energy, Inc (NRG), received approval from the New York State Public Service Commission (Commission) yesterday to construct a 1,040-MW electric generating station at an industrial site in Long Island City, New York. The proposed facility will replace a 600-MW power plant. The Commission also approved the proposed financing. NRG Astoria plans to continue to develop, finance, build and operate the project.

The Astoria project, estimated to cost $1.4 billion, is a repowering project that will be fueled by natural gas and incorporate more efficient, cleaner burning technology. The initial phase of the project will replace seven simple-cycle peaking units that have a combined rated capacity of 120 MW with a combined-cycle facility that will have a total generating capacity of 520 MW. Construction on the first phase is expected commence soon and begin delivering power to the grid in the summer of 2013.

The second phase of the project will replace 24 simple-cycle units that have a combined capacity of 480 MW, with a combined-cycle facility identical to that previously installed. The second phase is expected to commence operations in 2015.
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