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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

Calpine Buys UK's Saltend Plant from Entergy

LCG, July 6, 2001--Entergy Corp. said it yesterday it has sold Saltend Energy Centre, one of the largest natural gas-fired plants in the United Kingdom, to California-based independent power producer Calpine Corp. for 560 million ($784 million U.S.).

The 1,200 megawatt plant, one of Britain's biggest and most modern gas fired power stations, began commercial operations last November. Entergy said it would keep its 800 megawatt Damhead Creek power plant close to London. Damhead started operating in February.

Saltend provides electricity and steam for BP Chemical's Hull Works plant under the terms of a 15-year agreement. The rest of the facility's output is sold into the deregulated British power market.

Entergy said the sale of Saltend was "a substantial opportunity to immediately harvest value and redeploy capital."

"This modern cogeneration facility marks Calpine's entry into the robust UK power industry andrepresents the cornerstone for our European strategy," said Rick Haviland, Calpine senior vicepresident. "We plan to capitalize on our core power competencies developed in North America,including power plant development, construction, operations and power trading, selectivelyexpanding our operations in the UK, as well as Italy and Spain."

The sale brings the amount spent on British power station acquisitions in the past two years to more than 5 billion ($7 billion). Ten UK power plants, with a combined capacity of more than 16,000 megawatts, have been sold since the spring of 1999.

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