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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

Environmentalists' Icon Says Nuclear Generation Essential

LCG, Sept. 26, 2000--James Lovelock, whose invention 40 years ago of the electron capture detector, led to Rachel Carson's best-selling "silent Spring" and ultimately to the modern environmental movement, hopes "that it is not too late for the world tomake nuclear power its principal source of energy."

A review of Lovelock's autobiography carried yesterday by the Environmental News Service notes that the electron capture detector was responsible more recently for the discovery of the global distribution of nitrous oxide and of chlorofluorocarbons, which the reviewer called significant ozone depleters.

Lovelock's work led to the scientific and environmental debate associated with so-called greenhouse gases and global warming, caused by burning fossil fuels. Now, in his autobiography, he argues that nuclear power is the only "safe, economic and practical" alternative.

Most anti-nuke arguments begin with the military use by the United States of atomic bombs to force Japanese capitulation in World War II, a use that has been estimated to have saved a million or more lives by making invasion of the Japanese home islands unnecessary.

Lovelock notes that it is hard to forget Hiroshima and Nagasaki, but says that fear of nuclear power is not justified. "Nuclear power plants are not bombs. What at first was a proper concern for safety has become a near pathological anxiety, and much of the blame for this goes to the news media, the television and film industries, and fiction writers," he wrote.

Nuclear power represents a "negligible danger," according to Lovelock, who says "There is at present no other safe, practical and economic substitute for the dangerous practice of burning carbon fuels."

Oxford University Press will publish Lovelock's autobiography, "Homage to Gaia: The Life of an Independent Scientist," on Thursday. It is his fourth book evoking the Greek goddess Gaia (or, more often, Gaea) who was the personification of the earth. Her Roman counterpart was Terra.

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