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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

UPC Wind Moving Forward with Wind Project in Maine

LCG, April 25, 2007--UPC Wind Monday announced that it is building support for its proposed Stetson Wind Project in Washington County, Maine. Community leaders are looking favorably on the project, which will bring jobs, revenues and 57 MW of clean, renewable electric generating capacity to the area.

The Maine Land Use Regulation Commission recently deemed the project's rezoning petition as complete, and a full review of the project by the Commission, including public hearings, will follow.

The proposed Stetson Wind Project consists of 38 GE 1.5 MW wind turbines.

UPC Wind is based in Newton, Massachusetts, with a number of projects in North America. Earlier this month, UPC Wind filed its site certification application with the Oregon Energy and Facility Siting Council to build the proposed Cascade Wind Project in Oregon. UPC Wind expects the 60-MW project to achieve commercial operations in 2008.
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