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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

FERC Okays Western Gas Pipeline Expansions

LCG, July 26, 2001The Federal Energy Regulatory Commission approved yesterday three natural gas pipeline projects in the western U.S., including PG&E Gas Transmission Northwest's plan to expand an existing pipeline to ship an additional 207 million cubic feet of natural gas daily to the Pacific Northwest and California.

The $122 million project includes increasing power at five existing compressor stations and installing 21 miles of new pipeline. The increased throughput will serve new gas-fueled power plants developed by Calpine Corp. and Newport Northwest.

"The addition of natural gas transportation capacity will facilitate the introduction of new powersupplies into the those regions," PG&E said, adding it will "help alleviate the current energy crisis."

FERC also approved on Wednesday a plan by the Kern River Gas Transmission Co. to increase capacity on an existing pipeline to ship an extra 10.5 million cubic feet of natural gas from Wyoming to California. The Williams Co. subsidiary plans to have the pipeline project finished by May of next year.

Kern River operates a 922-mile system delivering Rocky Mountain and Canadian natural gas tomarkets in California, Nevada and Utah. The company said the expansion will match increasing gas production in the Rocky Mountain Basin with growing demand for gas-fired power plants in the Far West.

In a third action, FERC gave preliminary approval to Colorado Interstate Gas Co.'s plan to expand an existing pipeline to ship an extra 280 million cubic feet of natural gas per day. The pipeline expansion will allow the El Paso Corp. subsidiary to ship more natural gas to fuel electric generating plants along the eastern slope of the Rocky Mountains in Colorado.

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