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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

Texas Commission Approves SWEPCO's Proposed Coal-fired Power Plant

LCG, July 8, 2008--The Public Utility Commission of Texas last week approved a proposal from Southwestern Electric Power Company (SWEPCO) to build a coal-fired electric generating facility in southwest Arkansas. Prior to proceeding with construction of the facility, SWEPCO awaits a number of permits, including the receipt of an air permit from the Arkansas Department of Environmental Quality.

On July 3, the Commission approved the proposal by a vote of 2-1 and rejected the recommendation from an administrative law judge (ALJ). Last January, the ALJ concurred with Texas Industrial Energy Consumers and with the staff of the Commission and recommended to deny the application for a certificate of convenience and necessity to build the John W. Turk Jr. Power Plant. The ALJ had stated, "SWEPCO failed to prove that there is a need for the plant."

SWEPCO, a subsidiary of American Electric Power (AEP), proposed to construct a 600-MW, coal-fired plant in Hempstead County, Arkansas to serve retail and wholesale customers in Arkansas, Texas and Louisiana. The estimated cost of the facility is $1.52 billion. The proposed facility will use ultra-supercritical technology and will burn sub-bituminous, Powder River Basin (PRB) coal from Wyoming.

In a 2-1 decision last November, the Arkansas Public Service Commission (APSC) granted a Certificate of Environmental Compatibility and Public Need (CECPN) to construct the plant.
In March, the Louisiana Public Service Commission (LPSC) unanimously approved SWEPCO's request to build the plant, including a requirement for SWEPCO to prepare and submit a study that identifies potential, cost-effective energy efficiency and load management programs for SWEPCO's Louisiana customers.

SWEPCO's application to the Arkansas Department of Environmental Quality for an air permit is pending, and a SWEPCO spokesperson stated that they hope to receive the air permit by the third quarter of this year. Another project hurdle is opposition from some hunting clubs and landowners in Arkansas that believe the plant will harm the local environment, and they have appealed the Arkansas Public Service Commission's ruling to the state Court of Appeals.
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