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Dominion Energy Announces Plans to Pursue New Pumped Storage Hydroelectric Facility Virginia

LCG, September 8, 2017--Dominion Energy Virginia announced yesterday that it will proceed with its plan to study the feasibility of a new pumped storage hydroelectric facility in the coalfield region of Southwest Virginia by conducting in-depth studies of two potential sites: a 4,100-acre site in Tazewell County and an abandoned mine in Wise County. The preliminary estimate for a single facility could be in the range of $2 billion.

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Georgia Power Files Recommendation to Complete Construction of Vogtle Nuclear Expansion Project

LCG, September 1, 2017--Southern Company subsidiary Georgia Power filed a recommendation yesterday with the Georgia Public Service Commission (PSC) to continue construction of the Vogtle nuclear expansion near Augusta, Georgia. The project's co-owners, Oglethorpe Power, MEAG Power and Dalton Utilities, all support the recommendation, which is based on the results of a comprehensive schedule, cost-to-complete and cancellation assessment.

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Press Release

California Electricity Market 10-Year Forecast


LCG, October 19, 2015-LCG Consulting of Los Altos, California has announced the release of its latest ten-year forecast of the CAISO electricity market (2016-2025). Results suggest that the mandated, large-scale deployment of renewables will impact the state’s electricity market. The study includes hourly price forecasts at Default Load Aggregation Points (DLAP) and Trading Hubs. Results also include monthly summaries of constraints that experience the highest congestion and generation by fuel type.

With State's renewable portfolio standards (RPSs), California is expected to experience rapid renewable technology deployment over the coming decade. Large scale solar deployment will impact the state’s net load during peak hours and have significant implications for hourly locational marginal prices (LMP). This along with other proposed supply and demand side changes will have significant impact on the state’s future electricity market. In order to forecast the impact of these factors on the California electricity market LCG has conducted an extensive study to simulate CAISO operations through 2025.

LCG used the UPLAN Network Power Market model to perform hourly nodal simulations of every hour of the time horizon. UPLAN is a fundamental model that represents all generation units, loads, and transmission infrastructure in CAISO and simulates the physical and financial behavior of the participants in the CAISO market with respect to the market protocols. The study includes detailed forecasts of load, fuel prices, renewable and hydro generation profiles, and generation expansion and retirement. The analysis takes into consideration the RPS target, reserve margin and ramping requirements set recently by California regulators and CAISO. Read more.

Please contact LCG at info@energyonline.com for more information.



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