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

SRP Selects Iberdrola for Solar PV Project

LCG, November 24, 2009--SRP announced yesterday that it selected Iberdrola Renewables Inc. to design, construct and operate a 20-MW solar photovoltaic (PV) power facility in Arizona. The project is scheduled to commence operations in 2011 and will be the largest PV facility in Arizona.

SRP expects to present the proposal to the SRP Power Committee at its meeting in December. In January, SRP management will likely present the power purchase agreement for the project to SRP's Board for final approval. The proposed agreement to purchase power generated by the solar farm includes a term of 20 to 25 years.

SRP's associate general manager for Commercial and Customer Services stated, "We want to be in a position to offer our customers a new, lower-cost solar energy option by giving them the opportunity to purchase the green power directly from this solar facility. SRP will utilize whatever output may not be subscribed by our customers, if any."
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