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News
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LCG, August 14, 2024 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2025, highlighting the region's rapid transition toward increased reliance on renewable energy resources and battery storage.
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LCG, August 14, 2024 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2025, highlighting the region's rapid transition toward increased reliance on renewable energy resources and battery storage.
Read more
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Industry News
Duke Energy Receives Approval for New Proposal at Asheville Power Plant
LCG, March 1, 2016--Duke Energy Progress announced yesterday that it has received approval from the North Carolina Utilities Commission (NCUC) to make significant changes at its Asheville Plant. The agreement calls for the utility to build two, 280-MW combined cycle power blocks to replace the 376-MW coal plant, which will be retired by 2020. Construction of the natural gas-fired combined-cycle electric generating facilities is scheduled to commence this year and be in service by late 2019. The project is estimated to cost approximately $1 billion.
The retirement of the two coal units built over 50 years ago and the addition of the new gas-fired facilities will significantly reduce the environmental impacts associated with power generated at the site.
Duke Energy's North Carolina president stated, "We appreciate the North Carolina Utilities Commission's thorough consideration and decision on our Western Carolinas Modernization Project. We are fully committed to creating a smarter and cleaner energy future for the region."
Duke will also be pursuing a number of other activities related to the agreement. First, Duke will closely monitor collective progress toward reducing daily and peak power demand and will file annual updates on the progress to reduce peak load growth. If these efforts are successful, Duke Energy Progress will delay or cancel plans to file a future Certificate of Public Convenience and Necessity (CPCN) application for the commercial operation of a 186-MW simple-cycle facility at the site.
Second, Duke will file a future CPCN application to seek approval for a minimum of 15 MW of new solar generation over the next seven years after the Asheville coal units have been decommissioned and coal ash excavation is completed.
Third, the company will seek approval to install a minimum of 5 MW of utility-scale electricity storage over the next seven years.
The previous plan announced last May by Duke was founded upon building one, 650-MW combined cycle plant.
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UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
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UPLAN-ACE
Day Ahead and Real Time Market Simulation
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UPLAN-G
The Gas Procurement and Competitive Analysis System
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PLATO
Database of Plants, Loads, Assets, Transmission...
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