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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

AEP Ohio Issues RFP for 400 MW of Solar Electric Generating Capacity

LCG, October 20, 2017--AEP Ohio, an American Electric Power (AEP) company, Tuesday issued a Request for Proposals (RFP) for up to 400 MW of solar energy resources in Ohio. Proposals are due December 18, 2017. The target date for the start of commercial operation for the solar resources is December 31, 2021.

AEP Ohio committed to pursue the development of 400 MW of solar and 500 MW wind generation resources in an agreement approved by the Public Utilities Commission of Ohio (PUCO) in 2016. AEP Ohio or AEP affiliates will have the right to own up to 50% of such projects on an aggregate net basis. The renewable energy projects must be approved by the PUCO.

Proposals will be evaluated based on criteria outlined in the RFP, including preference given to sites that are located in Appalachian Ohio, create permanent manufacturing jobs in the region and commit to hiring Ohio military veterans.

The minimum nameplate bid size for this RFP is 50 MW. Bidders may aggregate multiple sites in a single Proposal (with a single Bid Price) in order to satisfy the minimum bid size, provided that the minimum size for any site in an aggregation group is 10 MW. The Renewable Energy Purchase Agreement (REPA) will have a 20-year term.

AEP Ohio customers currently receive renewable generation service through long-term power purchase agreements (PPAs) with the 10 MW Wyandot Solar Farm and the 100-MW Fowler Ridge and 99-MW Timber Road wind farms.
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