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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

Commission Approves Submarine Cable from New Jersey to Brooklyn

LCG, November 13, 2009--The New York State Public Service Commission (Commission) yesterday approved the New York portion of a 6.6 mile, 345 kV AC, submarine electric transmission line that will extend under the Hudson River to connect a planned, 512-MW power plant in Bayonne, New Jersey to an existing substation owned by Consolidated Edison Company of New York, Inc. in Brooklyn, New York. The project is scheduled to commence operations at the end of 2011.

The new power plant is the Bayonne Energy Center (BEC), a gas-fired, simple-cycle peaking facility that will have ultra low sulfur diesel oil as a backup fuel. The project will be developed and managed through a partnership between Hess Corporation and an affiliate of ArcLight Capital Partners, LLC. Once fully approved, the facility will be developed under the supervision of project developer Pure Energy Resources, LLC.

The Commission Chairman stated, "The addition of 512 MW of capacity from the new Bayonne generating plant into the New York City electricity supply is anticipated to provide additional reliability benefits, environmental improvements, and potential price reductions....The facility, along with the added generation supply, will bring benefits to the competitive market, and to ratepayers, as a result of the shift of financial expenditure and risk from the utility to the merchant developer."

On October 5, 2009, parties filed a Joint Proposal, with proposed conditions, for an Article VII Certificate of Environmental Compatibility and Public Need (Certificate), a Suspended Sediment/Water Quality Monitoring Plan for Jet Plow Embedment Operations, and a proposed federal Clean Water Act Section 401 certification, for the construction, operation and maintenance of the New York portion of the submarine electric transmission facility running under the Hudson River.

The provisions of the Joint Proposal were unopposed and the signatories to the Joint Proposal were the applicant for the Certificate, Bayonne Energy Center, Staffs of the New York State Department of Public Service and Department of Environmental Conservation, the City of New York, and the New York City Economic Development Corporation. Provisions of the Joint Proposal seek to minimize the potential harm to the environment from construction and
operation of the facility.

The Commission concluded that construction of the facility meets the criteria of need by providing additional generation in to New York City, reducing prices, providing for a cleaner generation mix than is presently available, and contributing to ensure system reliability in the event less generation is available.
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