News
LCG, October 11, 2022--The U.S. Energy Information Administration, or EIA, released its latest supplement to the Short-Term Energy Outlook (STEO) in the Texas market, assessing various possible scenarios using LCG’s UPLAN NPM model, with a special focus on the effects on wholesale power prices and market conditions.
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LCG, September 16, 2022--The Governor of Michigan last week sent a letter to the U.S. Department of Energy (DOE) in support of Holtec International’s application for a federal grant under the Civil Nuclear Credit (CNC) program to save the Palisades Nuclear Facility in Southwest Michigan. The federal grant could result in restarting the baseload, carbon-free, nuclear power plant.
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Industry News
Dominion's Cove Point LNG Export Project Achieves Production Milestone
LCG, February 1, 2018--Dominion Energy Cove Point (DECP) announced yesterday that it has begun producing liquefied natural gas (LNG) with its newly constructed liquefaction facility undergoing commissioning in Lusby, Maryland. All major equipment has been operated and is being commissioned following a comprehensive round of testing and quality assurance activities. The facility is expected to enter commercial service in early March.
Shell NA LNG is providing the natural gas needed for liquefaction during the commissioning process and will off-take by ship the LNG that is produced.
Once commissioning is complete, DECP will produce LNG for ST Cove Point, which is the joint venture of Sumitomo Corporation and Tokyo Gas, and for GGULL, the U.S. affiliate of GAIL (India) LTD under 20-year take-or-pay contracts. DECP's liquefaction facility has a nameplate capacity of 5.25 mtpa of LNG.
Dominion Energy Cove Point Terminal is located on the Chesapeake Bay in Lusby, Maryland, south of Baltimore, where it is accessible to transport vessels to export (or import) LNG. The location also has pipeline access to many natural gas supplies, including the Marcellus and Utica shale plays, which are two of the largest natural gas basins in North America.
Construction of the liquefaction facility for export began in October 2014, following more than three years of federal, state and local permit reviews and approvals. With a cost of $4 billion, it is the largest construction project ever thus far for Maryland and for Dominion Energy.
Cove Point was originally built in the 1970's by Consolidated Natural Gas Company, parent of what is now Dominion Energy Transmission, and they partnered with the Columbia Gas System to receive, store and process supplies of LNG from tankers.
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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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PowerMax
Day-ahead and real-time portfolio revenue optimization
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Generator X
Generation and Transmission Planning and Optimization
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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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MarketWatch
Annual summary of prices, congestion and important events in ERCOT
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