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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

Southern Announces Solar Project to Supply Georgia EMCs

LCG, December 18, 2014-Southern Company subsidiary Southern Power announced yesterday its plan to develop a 131-MW solar photovoltaic (PV) project in Georgia. The electricity and associated renewable energy credits (RECs) will be sold under 25-year power purchase agreements (PPAs) to three Georgia electric membership corporations: Cobb Electric Membership Corporation (Cobb EMC), Flint Electric Membership Corporation (doing business as Flint Energies) and Sawnee Electric Membership Corporation (Sawnee EMC). Cobb EMC has contracted for approximately 101 MW of capacity, and Flint Energies and Sawnee EMC have each contracted for approximately 15 MW.

Southern Company's Chairman, President and CEO stated, "Southern Company is committed to developing renewables as a component of the full portfolio of energy resources. Our strategic solar expansion helps build our system's diverse fuel mix and solar generation capacity to prepare for America's energy future."

The project will be constructed on a 911-acre site southwest of Macon in Taylor County, Georgia. The engineering, procurement and construction (EPC) contractor for the project is First Solar. The project will consist of approximately 1.6 million thin-film PV solar modules mounted on single-axis tracking tables manufactured by First Solar. Project construction is scheduled to commence in September 2015, and commercial operation is expected to begin in the fourth quarter of 2016.

According to Southern's press release, the facility fits Southern Power's business strategy of growing its wholesale business in targeted markets through acquiring generating assets and building new units, the output of which is significantly covered by long-term contracts.

Last May, Southern Company subsidiary Georgia Power announced plans to install three, 30-MW solar energy facilities on U.S. Army bases in Georgia. Like Southern Power's project, the U.S. Army projects are scheduled to be completed by the end of 2016. However, Georgia Power will build, own and operate the three facilities. In May, Georgia Power forecast it will have a solar portfolio approaching 900 MW by 2016.
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