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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

Sabal Trail Pipeline Achieves Commercial Operations

LCG, July 5, 2017--Sabal Trail Transmission, LLC (Sabal Trail), a joint venture of Spectra Energy Partners, NextEra Energy, Inc., and Duke Energy, announced yesterday that on July 3, 2017, it placed into commercial service its natural gas pipeline system and facilities from Alexander City, Alabama, to the Central Florida Hub near Kissimmee, Florida.

The new pipeline provides 400,000 dekatherms per day of firm transportation to Florida Power & Light (FPL) in time for them to meet their peak cooling season. Additionally, Duke Energy Florida will accept 300,000 dekatherms of firm delivery daily once its 1,640-MW Citrus County combined-cycle natural gas plant is ready to receive natural gas.

The 515-mile Sabal Trail interstate pipeline project begins in Alabama on the Transco pipeline system and extends through southern Georgia and terminates at a central Florida pipeline hub near Intercession City.

The natural gas pipeline will have the capacity to deliver approximately 1.1 billion cubic feet per day (Bcf/day) to the Southeast U.S. once approved future compression expansions occur.

The President and Chairman of the Board of Spectra Energy Partners stated, "Sabal Trail has successfully navigated a rigorous environmental permitting process over the past four years while working with landowners and key stakeholders to construct this new pipeline system. With the completion of this project, Florida Power & Light and Duke Energy will realize needed firm natural gas transportation services to meet their power generation requirements. We are pleased to reach this critical milestone and serve our customers in the Southeast U.S."

The Federal Energy Regulatory Commission (FERC) issued a certificate of public convenience and necessity (CPCN) for the Sabal Trail and Florida Southeast Connection pipelines on February 2, 2016 that authorized the companies to build and operate the pipelines.
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