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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

BG&E Wins Another Round from Mapsa

LCG, Sept. 22, 2000A Baltimore City Circuit Court judge yesterday issued a 25-page order and opinion upholding the approval by the Maryland Public Service Commission of the electric restructuring settlement agreement with Baltimore Gas & Electric Co.

That agreement had been challenged by a New Jersey organization which claims to represent out-of-state electricity marketing companies that want to do business in Maryland. Among other things, the Mid-Atlantic Power Supply Association complained that BG&E had set its standard offer service rate so low it was hard to compete with.

Yesterday's decision by Judge Albert J. Matricciani Jr. was the fourth or fifth in the utility's favor, as Mapsa seems to have the uncanny ability to keep finding new venues in which to bedevil the utility.

Christian H. Poindexter, chairman, president and chief executive of Constellation Energy Group Inc., BG&E's parent holding company, said Judge Matricciani's order "lifts any lingering uncertainty from customer choice of electricity in Central Maryland."

Frank O. Heintz, BG&E chief executive, pointed out that "Despite Mapsa's efforts, one of its out-of-state members already has signed more than 100 large retail electric customer accounts here in Central Maryland."

To date, some 26 suppliers, brokers, and aggregators have been licensed by the PSC to competefor retail electric sales, and 7 more have applications under review, the company said.

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