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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

Southern Company Explores Further Expansion in Florida

LCG, September 7, 2006--Southern Company is discussing with Lakeland Electric an investment in existing and planned electric generating capacity at the McIntosh Power Plant in Florida. According to Lakeland Electric officials, Southern would purchase a one-third interest in the existing Unit 5 and a 60 percent interest in 500-MW pulverized coal project that is scheduled to commence operations in 2013.

The existing Unit 5 is a gas-fired, 365-MW generating unit. Another existing unit, Unit 3, is a coal-fired unit that includes related infrastructure, such as rail lines, that enables relatively low-cost, incremental expansion for the planned, coal-fired unit.

On August 29, the Florida Public Service Commission demonstrated its interest enhancing fuel diversity support for the development of new coal-fired generating facilities in Florida by granting Florida Power & Light (FP&L) a conditional exemption from certain administrative rules governing new power plant development.

Southern's interest in the expansion of the Lakeland Electric facility is another example of Southern's growth throughout the Southeast. In Florida, Southern is participating in a joint development project with Orlando Utilities Commission to construct a new, advanced integrated gasification combined cycle (IGCC) facility at Stanton Energy Center in Florida that will receive $235 million of DOE funding. Earlier this year, Southern Company closed on the purchase of the DeSoto County Energy Complex, which includes two 160-MW gas-fired units, from Progress Energy. Last year, Southern purchased the gas-fired, 680-MW Plant Oleander from Constellation Energy, and this year Southern announced plans to add another gas-fired unit, with a capacity of 160 MW.

Southern's expansion plans are not limited to Florida. Earlier this month, Southern Company announced that it has closed on the purchase from Progress Energy of the Rowan County Energy Complex in North Carolina. The gas-fired, electric generating station has a total generating capacity of 925 MW.

Last month, Southern Nuclear Operating Company filed an application with the Nuclear Regulatory Commission (NRC) for an Early Site Permit (ESP) on behalf of the owners of the Alvin W. Vogtle Electric Generating Plant located near Waynesboro, Georgia. The proposed new electric generating capacity would total about 2,200 MW.

And if that's not enough, Southern Company is pursuing the installation of four other new nuclear reactors - all using the AP1000 reactor design - at two other sites in the Southeast. In March, Southern announced that it executed an agreement with Duke Power (Duke) to jointly pursue the development of a new nuclear power plant at a site in Cherokee County, South Carolina. Southern also announced in March another joint proposal with Tennessee Valley Authority (TVA) whereby the two companies would jointly pursue the construction of two new nuclear reactors at TVA's Bellefonte plant site near Scottsboro, Alabama.
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