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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

Basin Electric Develops Diverse New Generation Resources in North Dakota

LCG, January 9, 2015--Basin Electric Power Cooperative announced yesterday that two new natural gas-fired peaking units commenced commercial operation in North Dakota on January 1. The two, 45-MW units provide additional capacity to support the growing economy in the Williston Basin. Basin Electric's Lonesome Creek Station, located west of Watford City, North Dakota, now has a total capacity of 135 MW. Unit 1 began operating in December 2013.

The Bakken formation covers parts of western North Dakota and eastern Montana, and crude oil production in North Dakota has quadrupled since 2007. With the growth in oil production and related activities, the demand for electricity is also growing rapidly, and recent load forecasts show the need for new generating capacity jumping from about 400 MW to 1,200 MW by 2025.

To support the growing load, Basin Electric completed another peaking station, the Pioneer Generating Station, early last year. The gas-fired Pioneer Generating Station is located northwest of Williston, North Dakota and also consists of three, 45-MW gas turbines. Unit 1 started commercial operation in September 2013, Unit 2 started commercial operation in February 2014, and Unit 3 started commercial operation in March 2014.

Last July, the Basin Electric board of directors approved Phase III for both Lonesome Creek and Pioneer Generation Stations. Phase III for Lonesome Creek will add two more 45-MW combustion turbines that are planned to begin operations in June 2016.

Phase III for Pioneer Station will add 112 MW of peaking capacity that will be provided by twelve, 9.3-MW natural gas-fired reciprocating engines. The small reciprocating units can provide rapid starts and small, incremental changes to dispatchable generation that complement the growing, intermittent wind generation in the region.

In fact, Basin Electric announced on December 31 that it has signed two power purchase agreements (PPAs) for the development of two new wind projects in North Dakota that have a combined capacity of 300 MW. NextEra Energy Resources will develop one project, the Dickinson Wind Energy Center, a 150-MW wind farm near Richardton, North Dakota. Tradewind Energy will be develop the Lindahl Wind Project, a 150-MW wind farm near Tioga, North Dakota.
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