Concentric was retained to assist a U.S. electric utility’s operating company to design and implement its Light Duty Electric Vehicle (EV) program. The initiative was a response to a compliance order from the Board of Public Utilities (BPU) that outlined specific funding requirements and restrictions. Over approximately six months, Concentric facilitated discussions among the operating company’s staff, designed the program application, and developed a program budget.
Following this, we assisted the client in settlement discussions with intervenors and BPU staff over an additional six months. The settlement discussions required a revised budget, program process flows, and a more comprehensive justification analysis of the benefits. Once the $40M program received approval, we developed a request for proposals for implementation services, assisted the operating company in retaining vendors, created program guides, and implemented the overall program.
Critical factors contributing to our success included our deep understanding of the EV market, including costs for EV charging installations, the operations of EV chargers, utility ratemaking, and the costs associated with implementing similar programs.
Concentric continues to provide ongoing project and subject matter expertise to the operating company. Since the beginning of this project, we have been retained to assist the client’s companies in developing two additional EV programs and a storage pilot program.
