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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

Taiwan Premier Will Quit if 4th Nuke Not Approved

LCG, Sept. 18, 2000Premier Tang Fei of the Republic of China said this morning that he strongly favors completion of Taiwan's fourth nuclear power plant and would resign if the project is scrapped.

Tang told legislators that he was not yet in a position to make a decision on whether to complete the plant and was expressing his personal views when he said the facility should be finished. He noted that the Economics Ministry and other government agencies have not yet issued their reports.

The premier said completing the plant made economic sense and was important to the continued economic development of Taiwan.

Though Tang will make the final decision of whether to complete the plant, he said he would resign if President Chen Shui-bian and the ruling Democratic Progressive Party did not agree with his position.

Chen has opposed the completion of the plant but said on Saturday that he would respect the conclusions of an expert commission evaluating the project under the auspices of the Economics Ministry.

Economics Minister Lin Hsin-i said that the plant, which is about a third complete, would cost around $3 billion if it was scrapped. About half of that could be recovered, he said, by selling the two reactors to Japan and using the fuel which has been contracted for at Taiwan's other nuclear power plants.

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