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

GE to Service Southern Co. Plants in $575 Million Deal

LCG, Sept. 29, 2000The GE Power Systems unit of General Electric Co. said yesterday it has received multi-year contracts from The Southern Co. covering service of combined-cycle power plants being built by the Atlanta-based utility in the southeastern United States. GE said the total value of the contracts was $575 million.

The long-term service agreements support turbine generators, steam turbines, control systems and auxiliary equipment, GE said.

GE said the combined-cycle systems will be located at the Wansley Power Station in Roopville, Ga., the Goat Rock Power Station in Smith, Ala., and at several other sites yet to be announced. The plants are scheduled for commercial operation over the years 2001 to 2004.

The contracts are in addition to $450 million worth of service agreements covering other Southern Co. plants. Those contracts, signed in 1998 and 1999, provide support to five power plants.

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