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Connecticut Seeks 2,000 MW of Offshore Wind Capacity

LCG, August 22, 2019--The Connecticut Department of Energy and Environmental Protection (DEEP) on Friday released a request for proposals (RFP) for offshore wind power projects. DEEP is seeking up to 2,000 MW, as required under Public Act 19-71, An Act Concerning the Procurement of Energy Derived from Offshore Wind.

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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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Industry News

Atlantic Power Announces Construction Is on Schedule for Georgia Biomass Project

LCG, May 12, 2011--Atlantic Power Corporation ("Atlantic Power") yesterday announced that construction at Piedmont Green Power, a 53 MW biomass project in Georgia, is on schedule and on budget. The total equity investment is now $75 million, and the remainder of the construction costs for the turnkey project will be funded by project-level financing. The project is scheduled for completion in late 2012.

The electricity generated will be purchased by Georgia Power under a long-term power purchase agreement (PPA). Piedmont Green Power was developed and will be managed by Rollcast Energy, Inc., a biomass developer in which Atlantic Power owns a 60% interest. The project site is approximately 70 miles southeast of Atlanta, Georgia. The power plant will consume approximately 500,000 tons of woody biomass per year, all of it sourced from the surrounding area.

The project is one of the few biomass projects in the U.S. that was not placed on hold due to regulatory uncertainty associated with the Industrial Boiler (IB) MACT, the carbon neutrality of biomass, and/or whether or not the biomass supply qualified as renewable.

While discussing Atlantic Power's first quarter results, Barry Welch, President and CEO, yesterday stated, "Our results for the quarter met our expectations and are in line with our guidance for the year. We continue to focus on accretive development and acquisition opportunities to enhance our long-term cash flows and are confident that we can continue to execute on our growth strategy."

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