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

Bonneville Adds $10 Million to help Migrating Fish

LCG, July 13, 2001--The Bonneville Power Administration said yesterday that it will fund about $10 million worth of projects aimed at helping fish affected by this year's power emergency operations.

The funding is in addition to nearly $19 million in "high priority" projects that Bonneville announced in May to help fish recovery efforts. The agency also left the door open for additional funding pending further review of other projects.

"This has been a terrible year both for fish and power, and it has been a difficult balancing act to ensure a reliable electricity supply and minimize harm to endangered salmon and steelhead," acting administrator Steve Wright. "These projects will help offset the impact to fish of actions we have had to take to preserve regional reliability."

Because of extreme low water and western U.S. energy supply problems, the federal agencies have been forced to suspend spill operations for endangered fish this spring and summer in order to meet the region's energy needs, Bonneville explained. Some water that would have been passed through spillways to help juvenile fish traverse the dams was instead run through turbines to generate electricity.

The agency noted that there was a limited spill program in the spring -- when the bulk of endangered fish travel downstream -- but no spill thus far this summer because of concerns about maintaining a reliable power system.

"With survival levels already down due to low flows, we felt it was important to seek out ways to atleast partially make up for the additional losses caused by reduced spill," said Brian Brown, hydrodirector for the National Marine Fisheries Service.

While the selected projects focus on short-term actions that can be taken this year, it's expected that some of the benefits will continue in the long term and may also help non-endangered species.

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