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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

Duke Completes Solar PV Project in North Carolina

LCG, January 16, 2013--Duke Energy Renewables announced last week that construction of the Washington White Post Solar Power Project, a 12.5-MW utility-scale solar facility, is complete. The project, located in Beaufort County, North Carolina, was placed into service last month.

The power generated by the Washington White Post Solar Power Project will be purchased by the North Carolina Eastern Municipal Power Agency (NCEMPA) through a 15-year, power purchase agreement (PPA). The facility is Duke Energy Renewables' fourteenth wholly-owned commercial solar farm.

Duke Energy's CEO stated, "This project fits well with our mission to provide affordable and increasingly clean energy to North Carolina. As a merged company, we are delighted to build on Progress Energy's proud history of service and involvement in eastern North Carolina. The Washington White Post solar project further demonstrates our commitment to continuing this legacy."

"With the 11MW of commercial solar power we already generate in North Carolina, the Beaufort County facility more than doubles our solar capacity in the state," said the president of Duke Energy Renewables. "In fact, it is our largest solar power project in the eastern US."

Duke Energy Renewables contracted with SunEnergy1, a solar design, engineering and construction company, to build the 53,000-panel solar photovoltaic (PV) project. SunEnergy1 will continue to operate and maintain the facility.

North Carolina established a Renewable Energy and Energy Efficiency Portfolio Standard (REPS)in August 2007. Electric cooperatives and municipal utilities must meet a target of 10% renewables by 2018. All investor-owned utilities in the state are required to supply 12.5% of 2020 retail electricity sales from eligible energy resources and are subject to slightly different rules. The overall targets for renewable energy include technology-specific targets, including a solar carve-out.
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