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

Southern Power Acquires Controlling Interest in California Solar Project

LCG, September 1, 2015--Southern Company subsidiary Southern Power yesterday announced the acquisition of a controlling interest (51 percent) in the 200-MW Tranquillity Solar Facility in California from Recurrent Energy, a subsidiary of Canadian Solar Inc. Recurrent Energy will retain the remaining interest in the project, which represents its first partnership with Southern Power.

The Tranquillity Solar Facility is scheduled to commence commercial operations in the fourth quarter of 2016. The electricity and associated renewable energy credits (RECs) generated by the facility will be sold under a 15-year power purchase agreement (PPA) to Southern California Edison. The project will support Southern California Edison???s efforts to meet the California Renewables Portfolio Standard (RPS) of 33 percent renewable energy by 2020 for Investor-Owned Utilities (IOUs).

Project construction began in July at the 1,900-acre site in Fresno County, California. The project includes the installation of over 800,000 polycrystalline photovoltaic (PV) solar modules that will be mounted on tracking tables. Signal Energy Constructors is managing the engineering, procurement and construction of the facility.

Southern Company???s Chairman, President and CEO stated, ???Southern Company's strategic solar expansion is helping diversify our energy mix while strengthening our industry leadership in solar. We will continue to develop the right projects and develop innovative solutions as we shape America's energy future."

In April, Southern Power announced the acquisition of a controlling interest in the 32-MW Lost Hills-Blackwell Solar Facility in California from First Solar, Inc. Southern Power has announced, acquired or is constructing more than 1,300 MW of renewable ownership, including six solar projects in California.
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