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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

Nine Mile Point 2 Down for Planned Maintenance

LCG, Sept. 11, 2000The 1,148 megawatt Nine Mile Point Unit 2 nuclear power plant operated by Niagara Mohawk Power Corp. was in "hot standby" this morning, according to the Nuclear Regulatory Commission's daily plant status report.

The report said the plant had been shut down for maintenance, which was confirmed by company officials who said reactor components will receive a chemical treatment designed to reduce the effects of corrosion. Maintenance work will also be done on other plant equipment, including several valve system repairs.

"Hot standby" permits work to be done on most plant components while operating temperatures and pressures are maintained even though no nuclear reaction is taking place. That allows the plant to be restarted quickly once the work is completed.

The company said Nine Mile Point Unit 2 would probably be returned to service this coming weekend.

Niagara Mohawk operated the plant and owns a 41 percent share of the facility. Other owners are New York State Electric & Gas Corp. with 18 percent, the Long Island Power Authority which also owns 18 percent, Rochester Gas & Electric Corp. with 14 percent, and Central Hudson Gas &Electric Corp. at 9 percent.

The plant is located on Lake Ontario in Scriba, N.Y., about 7 miles east of Oswego.

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