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

MidAmerican Achieves Major Milestones in $1.9 Billion Wind VIII Project in Iowa

LCG, January 15, 2015-MidAmerican Energy recently completed three wind farms in Iowa, adding over 500 MW of electric generating capacity. The wind farms are part of the 1,050-MW Wind VIII development project, which MidAmerican plans to complete in 2015. The project was announced in May 2013, with an estimated cost of $1.9 billion and planned completion by the end of 2015.

The Wind VIII project includes five wind farms that will use Siemens' 2.3-MW wind turbines. The wind farms placed into service last year are: the 251-MW Lundgren Wind Farm, the 119.6-MW Macksburg Wind Farm, and the 140.8-MW Wellsburg Wind Farm.

In 2013, a fourth wind farm expansion, the Vienna II project, was completed that added 43.7 MW to the Vienna Wind Farm.

The Highland Wind Farm, which is scheduled for completion this year, will add another 495 MW of capacity. In total, the Wind VIII project includes 448 wind turbines, with a combined generating capacity of 1,050 MW.

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