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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

SaskPower Receives Approval for Carbon Capture Project

LCG, April 28, 2011--The Government of Saskatchewan approved construction of the C$1.24 billion Boundary Dam Integrated Carbon Capture and Storage (CCS) Demonstration Project, which is expected to capture approximately one million tonnes per year of carbon dioxide (CO2). Construction is scheduled to commence shortly, with operations to begin in 2014.

Rob Norris, minister responsible for SaskPower, stated, "This project will forge an environmentally sustainable path for the production of coal-fired electricity in Saskatchewan. By proceeding with the carbon capture project at Boundary Dam, while continuing to add wind power and investigating other renewable energy options such as biomass, SaskPower is helping to build a greener future for Saskatchewan."

The existing Boundary Dam Power Station, located near Estevan, is SaskPower's largest power generating facility and includes six, coal-fired units, with a total plant generating capacity of 824 MW. Unit 3 will be rebuilt to incorporate a carbon capture process that will reduce capacity from about 139 MW to 110 MW, given expected energy loads for the carbon capture process. Cansolv, a wholly owned subsidiary of Shell Global Solutions, will supply the carbon capture process, and Hitachi will supply the steam turbine.

SaskPower is pursuing the sale of the captured CO2 for enhanced oil recovery (EOR) projects, and captured sulphur dioxide may be sold for use in the manufacture of sulfuric acid.

The Boundary Dam Integrated CCS Demonstration Project has received C$240 million from the federal government, of which about C$180 million has been spent.
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