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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

Dominion Announces New Solar Energy Projects With Amazon in Virginia

LCG, November 18, 2016--Dominion announced today an expansion of its solar alliance with Amazon Web Services, Inc. (AWS), an Amazon.com company, to add 180 MW of new solar generating capacity in Virginia. When combined with a recently completed 80-MW solar project in Accomack County, the Dominion-Amazon alliance will total 260 MW of solar capacity in Virginia when the five new projects are completed.

The chairman, president and chief executive officer of Dominion stated, "This alliance with Amazon Web Services will include the two largest solar farms in the mid-Atlantic. This solar expansion is great for Dominion, Amazon and the Commonwealth of Virginia. It helps AWS meet its renewable needs, it expands Virginia's clean electric generation fleet, and it creates economic development opportunities in largely rural communities."

Dominion is acquiring four 20-MW projects from Virginia Solar, LLC and will develop these facilities in Buckingham, New Kent, Powhatan and Sussex Counties for AWS. Dominion is also acquiring a 100-MW development in Southampton County from Community Energy Solar. Dominion will own and operate all five facilities as part of the Amazon Solar Farm U.S. East portfolio. The solar facilities are expected to enter service late next year, and Dominion expects the projects to qualify for the federal Investment Tax Credit.

Dominion subsidiary, Dominion Energy, Inc., will have long-term power purchase agreements (PPAs) with an affiliate of Amazon's cloud computing business, AWS.

Dominion expects to bring online at least 500 MW of solar generating capacity in North Carolina and Virginia by 2020.

AWS has publicly shared its long-term goal to achieve 100 percent renewable energy usage for its global infrastructure, and it will exceed its goal of 40 percent renewable energy usage by the end of 2016. AWS also set a new goal to be powered by 50 percent renewable energy by the end of 2017. These projects will increase renewable energy on the electrical grid that supplies both current and future AWS data centers.

The vice president of Infrastructure at AWS stated, "We continue to ramp our sustainability efforts in areas where availability of renewable energy sources are low or proposed projects are stalled, and where the energy contribution goes onto the same electric grid that powers AWS data centers. By enabling 10 utility scale renewable projects in the U.S. to date, we are well-positioned to meet our latest goal of 50 percent renewable energy powering the AWS global infrastructure by the end of 2017. That said, we are nowhere near done. We will continue to make progress toward 100 percent and have many exciting initiatives planned."

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