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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

Enron Inks Billion Dollar Deal with Hotel Chain

LCG, Sept. 7, 2000Enron Energy Services and Starwood Hotels & Resorts Worldwide Inc. said yesterday they have signed a 10-year energy management deal worth more than $1 billion.

Starwood chief operating officer Robert F. Cotter said the arrangement will save the company $200 million in energy costs at its Sheraton, Westin, St. Regis and other properties over the life of the contract.

Under the agreement, the Enron Corp. subsidiary will provide or procure electricity and natural gas and manage the hotel chain's energy "infrastructure." Cotter said the reduced energy consumption in the company's hotels will result "in a huge cost savings and more environmentally friendly operations."

Lou Pai, chief executive of Enron Energy Services noted that Starwood was the first hospitality company to outsource energy management. "To ensure predictable and lower energy prices, weare providing Starwood the full range of our energy management services including commoditymanagement, energy asset management and project management," he said.

Times are changing, observed Glenn Tuckman, Starwood's senior vice president for operations. "A decade ago, if we had tried to aggressively conserve energy in our hotels, it would have been very apparent to our guests, and not in a good way. Light bulbs would have taken a few seconds to turn on and would have appeared dim at first; the TV remote control would not have worked properly and the temperature in guest rooms would have been erratic."

He said things are different now. "We want every hotel associate to treat our hotels as they would their own home -- after all, we all know to turn off lights when we leave a room in our house, but somehow, when it is a hotel, or office building or any other large public space, we just assume it's someone else's job to watch energy." He added "A little personal energy conservation will go a very long way."

Pai said Enron would provide Starwood with "the full range of our energy management services including commodity management, energy asset management and project management."

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