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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

TransAlta to Build 440 Megawatt Cogenerator

LCG, Sept. 14, 2000TransAlta Corp. said yesterday it would spend $400 million Canadian ($270 million U.S.) to build a 440 megawatt cogeneration power plant and take over existing plants with a combined capacity of 210 megawatts, all in Sarnia, Ontario.

The new, natural gas-fired cogeneration facility will be the largest of its type in Canada, the company said.

Commercial operation of the 440 megawatt plant is expected by October 2002. Once it is up and running, it will supply Bayer, Dow Chemical Canada Inc. and NOVA Chemicals (Canada) Ltd. with power and steam. Excess power will be sold into the competitive electricity markets.

"This project demonstrates our commitment to grow our gas-fired generation by 500 megawatts a year, and the company's goal to own and operate 10,000 megawatts by 2002," said Steve Snyder, TransAlta president and chief executive. "The project also positions TransAlta for growth as the restructuring of the industry in Ontario continues to unfold."

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