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

Georgia Power Announces Plans to Satisfy Future Electric Supply Resource Needs

LCG, April 6, 2007--Georgia Power, a subsidiary of Southern Company, announced yesterday that it plans to file a request for certification of three power supply contracts that total nearly 1,800 MW commencing June 1, 2010 with the Georgia Public Service Commission (PSC) on April 17.

The request is based upon an Integrated Resource Plan (IRP) previously filed by Georgia Power with the PSC and a subsequent Request for Proposals (RFP) issued for new resources. According to Georgia Power, there were 26 proposals from eight different companies totaling more than 10,000 MW of generation.

The three contracts selected to meet the resource needs in 2010 total about 1,795 MW of capacity. All three of the contracts are associated with existing, gas-fired facilities in Georgia; thus no new electric generating capacity will be provided to meet the growing demands of customers in Georgia.

According to Georgia Power, two of the contracts will be with Southern Power, another subsidiary of Southern Company. The Southern Power facilities are Plant Dahlberg, a combustion turbine facility in Jackson County, and Plant Wansley, a combined cycle facility in Heard County. The power purchase agreement (PPA) associated with Plant Dahlberg is for fifteen years to provide a total of 292 MW of capacity and associated energy, and the PPA associated with Plant Wansley is for seven years to provide a total of 561 MW of capacity and associated energy.

The third contract is associated with the Tenaska plant, a combustion turbine facility in Heard County. This facility is owned by Tenaska Georgia Partners, L.P. and the entire plant output is currently contracted by Exelon Generation Company, LLC. Georgia Power will request certification of a PPA with Exelon that includes a fifteen year term, with a
a near-term five year option for extension, that provides a total of 942 MW of capacity and associated energy.

Georgia Power is also building new generation facilities to meet the future electric demands of its customers. Last November, Georgia Power announced its plan to replace its coal-fueled, 580-MW Plant Jack McDonough, located near Atlanta, Georgia, with an 800-MW, natural gas-fired unit. The replacement with combined-cycle units would substitute relatively clean-burning natural gas for coal and avoid the substantial additional investment by Georgia Power in new emission control equipment for the aging coal-fired units at the site.

Georgia Power previously proposed adding two other gas-fired units at the site. In total, 2,400 MW of gas-fired capacity is planned at the site. Assuming timely approval of the proposed new generating facilities, Georgia Power expects construction to begin in 2008 and the new units to commence operations in late 2010, with the entire project complete by 2012.

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