We assisted a utility with the design, administration, and evaluation of its power supply procurement processes. Specifically, we developed and administered the request for proposals (RFP), managed the due diligence process for interested parties, supported the development of transaction terms and documents, and provided a preliminary review and modeling of the bids received. We identified a short list of bidders whose proposals were then evaluated, supported negotiations, assisted in the development of the final transaction documents, and provided regulatory support, including expert testimony.
The RFP solicited proposals for power purchase agreements, asset acquisitions, and development opportunities. It specified that proposals would be evaluated in comparison to a potential self-built natural gas fired plant.
