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

PacifiCorp Weighs Options for Coal-fired Power Plants

LCG, April 27, 2012--PacifiCorp, a unit of MidAmerican Energy Holdings, announced yesterday that future federal and state environmental requirements for its coal fleet would cost over $1 billion in coming years. As a result, its fleet is expected to reduce coal consumption and increase reliance on natural gas.

The company is evaluating a number of options at its coal plants. To comply with state and federal air quality regulations to improve visibility in national parks and wilderness areas, the company has concluded that the preferred option is to convert the 330-MW Naughton 3 coal-fired unit in Wyoming to low-cost natural gas, rather than installing new emission controls for coal that will be required after 2014.

In Utah, PacifiCorp is evaluating compliance options in response to the utility mercury and air toxics standards (MATS) at its 172-MW Carbon coal-fired plant. At this time, the company has determined the lowest cost option for the aging Carbon plant is to decommission the facility, although additional options are still be being pursued.

PacifiCorp is also developing other gas-fired facilities, including the construction of a 637-MW natural gas-fired, combined cycle plant at its Lake Side facility south of Salt Lake City. The new facility is scheduled to commence operation in the summer of 2014.
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