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Connecticut Seeks 2,000 MW of Offshore Wind Capacity

LCG, August 22, 2019--The Connecticut Department of Energy and Environmental Protection (DEEP) on Friday released a request for proposals (RFP) for offshore wind power projects. DEEP is seeking up to 2,000 MW, as required under Public Act 19-71, An Act Concerning the Procurement of Energy Derived from Offshore Wind.

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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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Industry News

AEP Explores Sale of Unregulated Generation Assets

LCG, January 7, 2015--American Electric Power Company Inc. (AEP) has retained Goldman Sachs to explore the sale of AEP's unregulated generation assets. The apparent focus is on assets located in Ohio, where the generation portfolio totals nearly 8,000 MW of electric generating capacity, with an order of magnitude sale price greater than $3 billion. AEP's combined regulated and unregulated generation portfolio includes over 60 generating stations in the United States, with a capacity of nearly 38,000 MW.

AEP Generation Resources Inc., AEP's unregulated generation company, owns and/or operates a number of power plants operating within PJM (the regional transmission organization). AEP's unregulated plants in Ohio and Indiana include: all or portions of (i) three coal-fired facilities (Gavin Plant, Cardinal Plant (Unit 1) and the Conesville Plant (portion of Unit 4, and Units 5 and 6)) and (ii) two natural gas-fired plants (Waterford and the Darby Plant). AEP also has a non-operating interest in two coal-fired units, the Zimmer and Stuart Plants, plus an interest in the gas-fired Lawrenceburg Plant.

An AEP spokesperson stated, "No decision has been made about the future of those assets. There is no specific timeline for a decision."
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