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

DOE Clears the Path to Build Coal Plant Employing IGCC Technology

LCG, April 3, 2007--The Department of Energy (DOE) announced today that it has executed a Record of Decision that, according to the DOE statement, "clears the path for construction of a $569-million, 285-megawatt coal-fired power plant that will be one of the cleanest, most efficient plants of its kind in the world." The new plant will be built near Orlando, Florida at the existing Stanton Energy Center that is owned by the Orlando Utilities Commission (OUC).

The new coal plant will employ an integrated gasification-combined cycle (IGCC) technology based on the transport gasifier that Southern Company and others have been developing at the Power Systems Development Facility near Wilsonville, Alabama. The transport gasifier offers a simpler method to generate power from coal and is cost-effective when handling low rank coal, as well as coals with high moisture or high ash content. The DOE will provide a $235 million federal grant for the development of the advanced coal plant.

The new facility will be co-owned by Southern Power Company (the unregulated subsidiary of Southern Company), OUC, and Kellogg, Brown and Root. Operations of the new facility had been planned previously announced to commence in 2010.

The project is one of three, demonstration projects receiving funding through the federal Clean Coal Power Initiative (CCPI), a 10-year, $2-billion demonstration program designed to improve the environmental performance of coal-fired power plants in the United States. The other two projects are Excelsior Energy Inc. and ConocoPhillips? 531-MW Mesaba Energy Project in Minnesota, and the Pegasus Technology Project, which combines Pegasus Technologies Inc. with Texas Genco to demonstrate technology advancements to reduce emissions.

Southern Company's wholly owned utility, Mississippi Power Company, is also developing an advanced coal plant. Last December, plans were announced to build a 600-MW power plant fueled by lignite in Kemper County, Mississippi that would use an advanced gasification technology developed by Southern Company. The estimated cost of the facility is approximately $1.8 billion. The project is to receive over $133 million in tax credits from the DOE as a result of the National Energy Policy Act of 2005. The Mississippi plant is scheduled to commence operations in June 2013.
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