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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

New Mexico Solar PV Project Operational

LCG, January 26, 2011--Southern Company announced that commercial operations are underway at the Cimarron Solar Facility, a 30-MW solar photovoltaic (PV) electric generating facility in northeastern New Mexico.

The solar PV project is a venture between Southern Company and Ted Turner. First Solar, Inc., the original developer, sold the project to them in March 2010. First Solar continued to develop and build the project and will operate the project under a long-term contract. Tri-State contracted in March 2010 to purchase the power generated from the facility over a 25-year term.

Southern Company Chairman, President and CEO Tom Fanning stated, "This is a key milestone for Southern Company as we steadily incorporate more renewables into our energy portfolio. Renewables, along with new nuclear, increased energy efficiency, 21st century coal technology and additional natural gas, all will be crucial to meeting this nation's growing energy demand."

The Cimarron Solar Facility is located on a 250-acre site in Colfax County and includes approximately 500,000 PV modules, with each module measuring 2 feet by 4 feet. The PV modules employ First Solar's patented, thin film semiconductor technology.
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