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

McCoy Solar Energy Project Receives Local Approval

LCG, March 19, 2014 - NextEra Energy continues to make progress with the proposed McCoy Solar Energy Project in Southern California. Last week the Riverside County supervisors issued a conditional use permit for a 50-MW photovoltaic (PV) solar array on 477 acres of privately owned land.

The project site is located in Riverside County, approximately 13 miles northwest of Blythe, California, near the Nevada border. The majority of the proposed project will be developed on public land administered by the Bureau of Land Management (BLM), using over 4,000 acres of BLM land for the expanded, 750-MW solar energy generating facility.

Southern California Edison (SCE) has a power purchase and sale agreement (PPSA) with McCoy Solar, LLC, whose parent company is NextEra Energy Resources, for the output from the initial 250-MW installation, which is anticipated to commence operations later this year.

Last October, it was announced that First Solar will provide Engineering, Procurement and Construction (EPC) services, using First Solar's cadmium telluride (CdTe) PV thin-film modules to build the 250 MW of solar generating capacity.
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