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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

Duke Energy Renewables Acquires Seville Solar Projects in California

LCG, July 29, 2015-Duke Energy Renewables yesterday announced it has acquired the 20-MW Seville I and 30-MW Seville II Solar Power Projects in California from Kruger Energy. The two projects are expected to be in service by year end, which will increase Duke Energy Renewables' total solar power capacity in California to over 100 MW.

San Diego Gas & Electric (SDG&E) will purchase the energy generated from Seville I and associated renewable energy credits (RECs) through a 20-year agreement. Imperial Irrigation District (IID) will purchase the power and related RECs from Seville II under a 25-year agreement.

The projects, Seville I and Seville II, are located on a 1,280-acre site in the Imperial County about 10 miles west of the Salton Sea. Construction is underway and will continue to be overseen by Kruger Energy.

The president, Commercial Portfolio, of Duke Energy stated, "The Seville projects are a sizeable addition to our California solar portfolio; they will almost double our solar capacity in the state. We're pleased to be adding quality projects that will bring economic development to Imperial County and contribute to California's leadership in renewable energy growth."
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