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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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Industry News

Massachusetts Utilities Issue RFP for 400 MW of Offshore Wind Power

LCG, July 7, 2017-- Massachusetts utilities, in coordination with the Massachusetts Department of Energy Resources (DOER), last Friday jointly issued a Request for Proposals (RFP) for long-term contracts for offshore wind energy projects. The RFP calls for bidders to offer from a total of 400 MW of offshore wind energy capacity to up to approximately 800 MW. The RFP was issued as a result of Massachusetts' new Energy Diversity Act, which was signed by the Governor in August 2016.

The utilities issuing the RFP are Eversource, National Grid and Unitil. Likely participants in the RFP process are Deepwater Wind, Bay State Wind, and Vineyard Wind. The proposal submission deadline is December 20, 2017.

This initial solicitation by the utilities is part of a staggered procurement schedule designed with the DOER so as to achieve cost-effective contracts for offshore wind power consistent with the Energy Diversity Act goals.

The Energy Diversity Act states that, "The distribution companies may conduct one or more competitive solicitations through a staggered procurement schedule developed by the distribution companies and the department of energy resources; provided, that the schedule shall ensure that the distribution companies enter into cost-effective long-term contracts for offshore wind energy generation equal to approximately 1,600 megawatts of aggregate nameplate capacity not later than June 30, 2027; and provided further, that individual solicitations shall seek proposals for no less than 400 megawatts of aggregate nameplate capacity of offshore wind energy generation resources."

In addition to the 1,600 MW of offshore wind power capacity, the Energy Diversity Act requires utilities to competitively solicit and contract for approximately 1,200 MW of clean energy generation ??? base load hydropower, onshore wind and solar supported by hydropower, standalone onshore wind, solar, or other Class I renewable resources.
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