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.

Read more

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.

Read more

Industry News

Con Edison Inspections of Indian Point 2 'Deficient'

LCG, Sept. 1, 2000A Nuclear Regulatory Commission special investigation team looking into the Indian Point 2 nuclear power plant owned by Consolidated Edison Co. of New York has concluded that the company's inspections of the plant's steam generators "were deficient in several respects."

The 975 megawatt (nominal) plant was shut down on February 15 when a tube in a steam generator leaked, emitting a small amount of radioactive steam into the atmosphere.

The one-cubic foot puff of steam was inconsequential and the NRC pointed out that Con Edison operators appropriately responded to the situation, that plant equipment performed as expected and that there were no public health and safety consequences associated with the event itself.

But the NRC said deficiencies in Con Edison's steam generator inspection program resulted in the company's failure to adequately account for conditions which adversely affected the detectability of, and increased the susceptibility to, tube flaws. The NRC team concluded that these failures resulted in tubes with flaws being left in service following an inspection conducted by the company in 1997.

When Indian Point 2 was still relatively new, it was discerned that the steam generators made by Westinghouse were deficient. The utility and several other plant operators having the same problem sued the maker and Westinghouse provided all of them with new replacement steam generators.

The other parties, including operators of Indian Point 3 at the same site as the Con Edison plant, all replaced their steam generators when the new ones were received. Not Con Edison. It is still using the originals and, when a tube springs a leak, it is pinched off and the plant makes do with one fewer. That's why it is capable of only 931 megawatts of output instead of 975.

The NRC assessed the potential impact of running the plant for an operating cycle with the steam generators in a degraded condition. The agency said it determined the issue to be of potentially high risk significance.

Copyright © 2019 LCG Consulting. All rights reserved. Terms and Copyright
Generator X
Generation and Transmission Planning and Optimization
The Locational Marginal Price Model (LMP) Network Power Model
Day Ahead and Real Time Market Simulation
Day-ahead and real-time portfolio revenue optimization
The Gas Procurement and Competitive Analysis System
Database of Plants, Loads, Assets, Transmission...
Annual summary of prices, congestion and important events in ERCOT
CAISO CRR Auctions
Monthly Price and Congestion Forecasting Service