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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

One Gas Rate Sought for Three Rhode Island Utilities

LCG, July 5, 2001Southern Union Co., which last year purchased three Rhode Island utilities, has asked the state's Division of Public Utilities and Carriers for permission to consolidate three sets of rates into one and says it will share savings from the combination of the companies with customers as well as shareholders.

Southern Union was roundly criticized last winter for not doing enough to keep natural gas rates in line for its Rhode Island customers, and DPUC commissioners were among the critics.

Last year, the company paid $400 million for Providence Energy Corp., the parent of Providence Gas Co. and North Attleboro Gas Co., $160 million for Valley Resources, which owned Valley Gas Co. and Bristol & Warren Gas Co., and $75 million for Fall River Gas Co. All of the companies were folded into Southern Union's freshly minted New England Division.

In its application, Southern Union said it wants to consolidate the rates of Providence Gas, Valley Gas and Bristol & Warren Gas. The company must file a more-detailed plan by Sept. 1 with the utilities division spelling out the details on issues such as how much money customers will save from the combination. A plan on how rates will change must go to the state Public Utilities Commission by Dec. 1.

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