Minnesota Power Announces Vision for 100 Percent Carbon-Free Energy by 2050

LCG, January 13, 2021--Minnesota Power, an ALLETE company, yesterday announced its vision to deliver 100 percent carbon-free energy to customers by 2050.

Read more

NuScale Power and UAMPS Announce Agreements for Carbon-Free Nuclear Power Project

LCG, January 12, 2021--NuScale Power and Utah Associated Municipal Power Systems (UAMPS) announced yesterday that they have executed agreements to facilitate the development of the Carbon Free Power Project (CFPP).

Read more

Industry News

Virginia Power Agrees to Cut Power Plant Pollution

LCG, Nov. 17, 2000--Under pressure from the Environmental Protection Agency, Virginia Electric & Power Co. has agreed to install expensive pollution reduction equipment at eight coal fired power plants in Virginia and West Virginia.

Virginia Power, a subsidiary of Dominion Resources Inc., agreed to the settlement rather than fight a lawsuit brought against it and eight other utilities at the behest of states in the Northeast that claim their air quality problems are cause by power plants in the Southeast and the Ohio River Valley.

Many of those northeastern states do not require so much of their own citizens as periodic vehicle smog inspections.

That is not to say that the Virginia Power plants are non-polluters. Dominion Resources said the $1.2 billion capital investment program for the emissions control equipment was contemplated in its current financial models.

Thomas E. Capps, Dominion Resources' chief executive, called the settlement "a positive development for our customers, out shareholders, the general public and the environment."

Virginia Power said that several of the improvements are already under way. Investments specified in the agreement include:

  • Installation of two scrubbers that will remove up to 95 percent of all sulfur dioxide emissions at Mt. Storm Power Station in West Virginia. The scrubbers will be operational by 2002.

  • Installation of equipment to reduce nitrogen oxide emissions on all three units at Mt. Storm.

  • Installation of two scrubbers at Chesterfield Power Station, near Richmond.

  • Installation of nitrogen oxide control equipment on three units at Chesterfield Power Station.

  • Installation of NOx control equipment on two units at Chesapeake Energy Center in Chesapeake, Va.

  • Conversion of two units at Possum Point Power Station near Washington, D.C., from coal-fired generation to natural gas-fired generation. The company filed with the Virginia State Corporation Commission this past spring for permission to begin that conversion, which should be completed by 2003.

The settlement allows Virginia Power to complete the over a 12-year period and gives the company the ability to maintain and make selective improvements in the efficiency and capacity of its existing coal-fired units in Virginia and West Virginia.

" What that means is that our stations, many of which are located in rural areas, will continue to be a viable and important part of those communities, generating not only electricity but also tax dollarsand jobs," Capps said.

Copyright © 2021 LCG Consulting. All rights reserved. Terms and Copyright
The Locational Marginal Price Model (LMP) Network Power Model
Day Ahead and Real Time Market Simulation
Day-ahead and real-time portfolio revenue optimization
Generator X
Generation and Transmission Planning and Optimization
The Gas Procurement and Competitive Analysis System
Database of Plants, Loads, Assets, Transmission...
Daily LMP Forecast for ERCOT
Annual summary of prices, congestion and important events in ERCOT
CAISO CRR Auctions
Monthly Price and Congestion Forecasting Service