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

Tampa Electric Initiates Regulatory Approval Process for IGCC Plant in Florida

LCG, July 23, 2007--Tampa Electric, the principal subsidiary of TECO Energy, filed on July 20 an application with the Florida Public Service Commission (FPSC) to demonstrate the need to construct the proposed 632-MW Polk Unit 6, a coal-fired power plant. The proposed new unit would employ an advanced, Integrated Gasification Combined Cycle (IGCC) design. Tampa Electric plans to commence operations at the proposed plant by 2013.

The IGCC process converts coal into a synthesis gas and minimizes most of the sulfur dioxide (SO2), nitrogen oxides (NOx), mercury (Hg) and other emissions before the gas fuels a combustion turbine generator. The hot exhaust gas from the turbine heats water to produce steam to power a steam turbine and generate electricity a second time. The gasification plant will be designed to gasify both biomass and coal. Tampa Electric was the country's first utility to commercialize IGCC technology in partnership with the Department of Energy's (DOE) clean coal technology program by developing Polk 1 in 1996.

The proposed new unit is to be build at the existing Polk Power Station in Polk County, Florida.
Tampa Electric estimates the capital cost to be approximately $2 billion, which includes $1.6 billion for engineering, procurement and construction, plus $400 million in additional related costs, such as transmission infrastructure, environmental permitting, project management, staffing and training, and contingency costs.

The new generating capacity would be used to serve the growing demand for electricity in Florida and to maintain reliability.

Tampa Electric filed the application at a time when coal is not king in Florida. Florida Governor Charlie Crist recently raised concerns regarding the threat of climate change and the use of fossil fuels. In June, the FPSC reached a decision to not approve the coal-fired plant proposed by Florida Power and Light in Glades County. Furthermore, a group of community-owned, power entities (Florida Municipal Power Agency (FMPA), JEA, Reedy Creek Improvement District, and the City of Tallahassee) have decided to suspend permitting activities for the Taylor Energy Center, an 800-MW, coal-fired power plant proposed to be built in Taylor County, Florida.

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