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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

Planned Restart of Ontario Nuclear Reactors Gains Momentum

LCG, July 12, 2006--The Canadian Nuclear Safety Commission (CNSC) last week accepted the Environmental Assessment (EA) for the project to-restart two nuclear reactors at the Bruce A Nuclear Power Station near Kincardine in southwestern Ontario. The CNSC determined the project would have no significant adverse effects to the environment.

The two, 750-MW nuclear units commenced operations in 1977 and were shut down in 1995 and 1997 by the prior owner, Ontario Power Generation (OPG). Approval from the CNSC will be required prior to loading the reactors with new fuel and commencing full operations.

With the EA accepted by the CNSC, the restart project will gain momentum.
The work on Units 1 and 2 is scheduled to be completed by early 2008. When the work is complete, Bruce Power plans to apply to the CNSC for licenses to refuel the units and anticipates the units will return to service in 2009.

Additional investments are planned to refurbish Unit 3 when it reaches the end of its operational life and to replace the steam generators in Unit 4. In total, it is estimated that Bruce Power will invest approximately C$4.25 billion.

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