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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

New Record for U.S. Wind Power Capacity Additions in 2012

LCG, January 31, 2013--The American Wind Energy Association (AWEA) announced yesterday that the U.S. wind energy industry installed a record total of 13,124 MW of electric generating capacity at 190 projects located in 32 states and Puerto Rico. The cumulative installed wind capacity in the U.S. now totals 60,007 MW.

AWEA also estimates that in 2012 new wind power capacity exceeded all other types of new power generation by providing 42 percent of new generation capacity.

With the federal Production Tax Credit (PTC) expiration date looming on December 31, 2012, wind power installations in the fourth quarter totaled 8,380 MW, surpassing all prior quarterly performance. On January 1, 2013, the PTC was extended by Congress as part of the American Taxpayer Relief Act of 2012.

AWEA Interim CEO stated, "The fact that wind power grew by another 28 percent in 2012 alone and poured $25 billion of private investment into the U.S. last year demonstrates wind?s ability to scale up, and continue to serve as a leading source of energy in America."

The top ten states for new wind capacity installations in 2012 are: Texas, 1,826 MW; California, 1,656 MW; Kansas, 1,440 MW; Oklahoma, 1,127 MW; Illinois, 823 MW; Iowa, 814 MW; Oregon, 640 MW; Michigan, 611 MW; Pennsylvania, 550 MW; and Colorado, 496 MW. All of these states have renewable portfolio standards or goals.
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