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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

First Solar Sells 139-MW Campo Verde Solar Project to Southern

LCG, April 24, 2013--First Solar, Inc. announced yesterday the sale of the Campo Verde Solar Project to Southern Power (a subsidiary of Southern Company) and Turner Renewable Energy. The acquisition is the fifth by the Southern Power-Turner Renewable Energy partnership.

The Campo Verde Solar Project is a 139-MW project, located on a 1,443-acre site in Imperial County, California. The project will employ First Solar's thin-film, photovoltaic (PV) modules. Under the terms of the agreement, First Solar will construct the project and then operate and maintain the facility for ten years. Construction of the project commenced last December, and commercial operation is scheduled to begin this fall.

The power output from the project will be purchased under a 20-year agreement by San Diego Gas & Electric Company (SDG&E), a subsidiary of Sempra Energy.

Southern Company Chairman, President and CEO stated, "By acquiring the Campo Verde Solar Project ? our largest solar installation to date ? we're more than doubling our solar capacity and increasing the diversity of our generation fleet."

California's Renewables Portfolio Standard (RPS) requires investor-owned utilities, publicly owned utilities, electric service providers and community choice aggregators to increase procurement from eligible renewable energy resources, like the Campo Verde Solar Project, to 33 percent of retail sales by the end of 2020.
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