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 Plans 900 Megawatt Wisconsin Plant

LCG, July 17, 2001Calpine Corp. said this morning it plans to build a 900 megawatt merchant power plant in central Wisconsin. The Sherry Energy Center will be located near the town of Arpin, in Wood County.

Calpine said it had it had entered into agreements to sell 225 megawatts of the plant's capacity and power to Wisconsin Electric Power Co. and another 141 megawatts of capacity and power to Wisconsin Public Service Co.

The new facility will serve both baseload and peaking needs. The plant will include a 600 megawatt combined-cycle unit with two combustion turbines and a steam turbine, and also have a 300 megawatt simple-cycle unit with four combustion turbines.

Under a 10-year deal with Wisconsin Electric, the utility will have dispatch rights for 225 megawatts of the combined-cycle plant's output and will manage the purchase and delivery of fuel used to generate power for its use. A similar 10-year arrangement with Wisconsin Public Service is for dispatch right to 141 megawatts from the peaking unit and fuel management for its generation.

Calpine said the balance of the plant's 900 megawatts will be sold into the Wisconsin wholesale power market.

Construction of the $470 million facility is expected to begin next spring with commercial operation of the simple-cycle portion schedule for a year later. The combined-cycle facility is penciled in for commercial operation in the second quarter of 2004.

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