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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

Shepards Flat Wind Farm in Oregon Now Fully Operational

LCG, September 27, 2012--The Shepards Flat Wind Farm is now delivering power to the grid in northeast Oregon. The project, developed by Caithness Energy, has a design capacity of 845 MW. Southern California Edison purchased the power output under a 20-year power purchase agreement (PPA).

The massive wind project, with a 32,000 acre footprint, operates along the Eastern Columbia Gorge in Gilliam and Morrow Counties. The project incorporates 338, 2.5-MW wind turbines provided by GE.

Project investors include Google, GE Energy, and Japan's Sumitomo Corp. In October 2010, the Department of Energy (DOE) provided a $1.3 billion partial loan guarantee through the Recovery Act in 2010.
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