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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

AEP Announces Plans for Fuel Switching from Coal to Gas at Big Sandy Plant

LCG, December 11, 2013--Kentucky Power, a subsidiary of American Electric Power (AEP), plans to convert the 278-MW Unit 1 at the Big Sandy Power Plant from a coal-fired unit to a natural gas-fired unit. The need to switch fuels is driven by compliance with the Environmental Protection Agency's regulations that go into effect in 2015.

On December 6, Kentucky Power filed an application for a Certificate of Public Convenience and Necessity (CPCN) with the Kentucky Public Service Commission to convert Unit 1 to natural gas. The application is associated with a stipulated settlement agreement in the Mitchell transfer case approved by the Commission in October.

AEP had previously planned to convert Unit 1 to natural gas. In March 2012, AEP announced that it would instead retire Unit 1.

AEP now expects the conversion to be complete by mid-2016. Following the conversion, the unit capacity will be approximately 268 MW.
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