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

California ISO Approves 300-MW Beltran Solar Project

LCG, June 17, 2015-Centauri Energy, LLC yesterday announced that it has received approval from the California Independent System Operation (CAISO) to secure a queue position for Beltran Solar, the company's 300-MW solar project in California. The queue position enables Beltran Solar to connect the planned facility to California's electric grid.

The Beltran Solar project site is located approximately an hour southeast of the Bay Area in Stanislaus County, California. The project includes three separate land parcels that will be developed in three phases and span in total approximately 1,600 acres. The three phases will take a total of 18 to 24 months to complete. The first phase scheduled to deliver power to the grid in 2016 and 2017.

Centauri Energy's CEO and president stated, "Having Beltran Solar approved by CAISO for a queue position marks an important milestone for us. Beltran Solar has been in development for more than five years. The permits have been issued, the environmental impact studies are finished and now the CAISO application is approved. These are some of the biggest hurdles for a large-scale project like this. With all of these complete, we're ready to develop."
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