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Connecticut Seeks 2,000 MW of Offshore Wind Capacity

LCG, August 22, 2019--The Connecticut Department of Energy and Environmental Protection (DEEP) on Friday released a request for proposals (RFP) for offshore wind power projects. DEEP is seeking up to 2,000 MW, as required under Public Act 19-71, An Act Concerning the Procurement of Energy Derived from Offshore Wind.

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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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Industry News

Ontario Moves towards New Clean Energy and Retirement of Coal Units

LCG, February 28, 2012--Ontario's power grid operator, the Independent Electricity System Operator (IESO), announced that over 2,600 MW of capacity is expected to be added to the Ontario grid over the next 18 months. The new capacity will support Ontario's plans to shut down coal-fired generation owned by Ontario Power Generation.

The new electric generation capacity includes nuclear power from two, 750-MW units currently being refurbished. Bruce Power expects the Bruce 2 reactor to commence operations in the first quarter of 2012 and Unit 1 in the third quarter. Bruce Power currently operates the Bruce A and Bruce B nuclear power stations, which include six active units and the two being refurbished.

An additional 400 MW of gas-fired generation - plus over 700 MW of renewable capacity - is also scheduled to begin delivering power to the grid over the next 18 months.

To support the new generation resources and the loss of the coal-fired units, the IESO stated a new 500-kV electric transmission line between Bruce and Milton will soon also commence operations.

In December 2011, Bruce Power announced that it will no longer pursue the development of a new nuclear power plant in Alberta. Bruce Power?s President and Chief Executive Officer stated, "Throughout our existence at Bruce Power we've looked at a number of potential business development opportunities. We've decided the new nuclear option in Alberta is not something our company will be progressing further."

Bruce Power is a partnership among Cameco Corporation, TransCanada Corporation, BPC Generation Infrastructure Trust, a trust established by the Ontario Municipal Employees Retirement System, the Power Workers? Union and The Society of Energy Professionals.
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