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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

Dominion Announces Plans for 1.300 MW Gas-Fired Power Plant in Virginia

LCG, February 29, 2011--Dominion Virginia Power, a subsidiary of Dominion, announced yesterday that it plans to request permission from the Virginia State Corporation Commission later this year to construct a 1,300-MW, natural gas-fired power station on a 205-acre site in Brunswick County. As proposed, the project will be completed by the summer of 2016.

The Brunswick County Power Station will incorporate a combined-cycle design with an electric generating capacity of approximately 1,300 MW. The estimated cost is over $1 billion. Dominion stated that it already has received the necessary conditional use permits from the Brunswick County Board of Supervisors to build the station and has applied to the Virginia Department of Environmental Quality for the air permit.

Dominion's president and chief executive officer stated, "The Brunswick County site offers us an ideal location to generate electricity to serve Southside Virginia and Hampton Roads reliably and will help us close the gap of 4,000 megawatts in additional peak demand that our customers are expected to need within the next decade....We expect this new power station to operate very efficiently and reduce the amount of power that we have to import from outside the Commonwealth. Building this station also is the best, most cost-effective and reliable way to meet the latest federal clean-air standards."

Last September Dominion announced that it would likely retire several coal-fired units at its Chesapeake Energy Center in Chesapeake and Yorktown Power Station by 2016.
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