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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

Detroit Edison's Application for Fermi 3 Reactor Receives Support from NRC

LCG, January 18, 2013--The U.S. Nuclear Regulatory Commission (NRC) recently announced the staff's recommendation to the Commission that, based upon environmental considerations, the construction permit and operating license (COL) be issued as proposed for Enrico Fermi Unit 3. The reactor would be installed at the Detroit Edison Enrico Fermi Atomic Power Plant (Fermi) site, located approximately 30 miles southwest of Detroit, Michigan.

Detroit Edison submitted its application for a COL to the NRC in September 2008. The reactor design selected for the project is the GE-Hitachi Economic Simplified Boiling Water Reactor (ESBWR) design.

The NRC staff recommendation is based on the application, including the Environmental Report submitted by Detroit Edison; consultation with Federal, State, Tribal, and local agencies; the staff's independent review; and the staff's consideration of comments related to the environmental review that were received during the public scoping process and on the draft EIS.

The existing nuclear reactor, Fermi 2, is a boiling water reactor rated at 1,116 MW that began commercial operation in January 1988.
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