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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

Iberdrola Renewables Executes Contract with SCE for 132-MW Wind Project in Southern California

LCG, July 30, 2015-Iberdrola Renewables yesterday announced a 15-year power purchase agreement (PPA) to supply Southern California Edison (SCE) with renewable power from the planned Tule Wind Power Project in San Diego County, California. SCE will purchase all of the power generated by the 132-MW wind farm. The project is scheduled for completion in late 2017.

The Tule Wind Power Project will have a footprint approaching 14,000 acres, including Bureau of Land Management (BLM) land north of the town of Boulevard. The project will include up to 67 wind turbines. A future expansion, utilizing 27 additional wind turbines, is also possible.

Iberdrola Renewables vice president stated, "We are pleased to support SCE's renewable energy goals with affordable wind energy from our new project. This project has been fully permitted for quite some time, so we're very pleased our proven track record of experience developing, constructing, and managing wind projects in California pushed this across the goal line. We look forward to reliably providing clean power to SCE for its customers and expanding our long term relationship with them."

The Tule Wind Power Project will support SCE's efforts to meet the California Renewables Portfolio Standard (RPS) of 33 percent renewable energy by 2020 for Investor-Owned Utilities (IOUs).

The San Diego Chamber of Commerce president & CEO stated, "San Diego has been a sustainable leader in California and helped set the national standard for energy efficiency & use of renewable power. Wind energy offers another way we can work to meet our renewable energy goals, however, there's only so much land available for wind development in San Diego. This project is in the right location and ready for construction at the right moment to continue San Diego's clean power leadership."

The U.S. Department of the Interior issued its final approval of the Tule Wind Power Project in December 2011, when the Secretary of Interior signed the Record of Decision on the Environmental Impact Statement (EIS).
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