Renewable Generation Supply Chain Opportunities in Atlantic Canada
We developed a report on the renewable energy potential in the four Atlantic Provinces. Our report examined opportunities for Atlantic Canadian firms in the supply chain for various renewable generation technologies including onshore wind, offshore wind, tidal energy, biomass energy and systems to power remote on- and off-grid communities.
Certificate of Necessity Support
We supported the client’s process of developing a Certificate of Necessity and Integrated Resource Plan filing for its public service commission for the purpose of receiving approval to build a clean coal project. We reviewed integrated resource plan assumptions, new construction cost estimates, review of Strategist model outputs, overall guidance and assessment of the Certificate […]
Integrated Resource Plan Support
We analyzed the Integrated Resource Plan developed by the client’s state energy and environmental protection agency in order to provide a response to the state on the plan and projected resource needs in the state. Our work involved reviewing assumptions on projected supply side resources and future demand projections to support the client’s position on the need for […]
Plant Retirement and Redevelopment
Our utility client owns and operates coal-fired generating stations in the Midwestern U.S. Following the decision to retire certain coal-fired generating assets, the company’s decommissioning team was faced with the challenge of determining how to realize each retired site’s highest and best use. The goal was to find the best use for each site specific […]
Independent Evaluator
We acted as an agent of a state regulatory commission by serving as the Independent Evaluator for the competitive acquisition process that our utility client undertook to acquire resources pursuant to its approved state’s resource plan.
Generating Facility Reliability Support
We provided assistance with a RFP for reliability services related to the retirement of the client’s power generating facility. This work involved a review of the RFP, including the review of key commercial terms and regulatory requirements, and development of the models and methodology to be used for the evaluation of bids. We also conducted the […]
Focused Management Audit
On behalf of a public utilities commission, we reviewed the reasonableness of a member-owned, not-for-profit, generation and transmission cooperative’s Mitigation Plan. In particular, we reviewed the ability of its coal-generating fleet to be competitive and to make sales of capacity and energy in the wholesale markets, evaluating wholesale power contracts, reviewing the steps taken to idle or […]
Expert Report on Long-Term Power Contracts
We filed testimony on behalf of a generation owner and the State of Maryland in a case brought against the State by certain owners of generation in the PJM market. Our work involved defending the right of the State to sign long-term contracts with generators in order to encourage new generation in the State to […]
Development and Negotiation of Power Purchase Agreements
Our role as lead financial advisor in the sales of generating assets has included the development and negotiation of power purchase agreements (“PPAs”), including: Development of form of PPA upon which to solicit proposals Development of pricing parameter (e.g., cost of service and market prices) to use in evaluation of proposals Review of bidder feedback […]
Wholesale Market Expert Advisory
We have served as an independent system operator’s (“ISO”) market expert in a variety of capacities, including development of the initial design of its Forward Capacity Market (“FCM”). Our work involved leading various ISO project teams in developing the detailed market design, and interacting with developers, engineering companies, and other entities involved in the construction and […]
Strategic Advisory Services for the Development of an Energy Hub
We provided strategic advisory services for a government agency for the development of an energy hub, including building a new transmission corridor for exports into the New England region. Additionally, we have provided ongoing support to the agency for promoting development of renewable energy projects to serve provincial and export power markets. We have provided […]
Analysis to Assess Historic Generator Profits/Losses in the Wholesale Electric Market
We conducted an analysis to assess historic generator profits/losses in the wholesale electric market in various energy zones in the NYISO. Our work involved identifying and assessing key profitability drivers, analyzing historic capacity and energy prices, developing fixed and variable operating costs for select fuel types, analyzing financial markets to determine appropriate costs of capital […]
Renewable Energy Contract Review
We reviewed and conceptualized various market structures and offerings by existing solar developers. We applied this analysis to the four solar proposals that were provided to the client to determine how representative the four existing solar proposals are of what is available in the market today and what other solar options may be available to […]
Detailed Overview and Technical Assessment of the North American Energy Industry
We provided advisory services pertaining to potential acquisitions of U.S. energy companies. We provided a detailed overview and technical assessment of the North American energy industry to help the client better understand the industry and regulatory landscape in which they may invest. The assessment included a detailed overview of the electric and natural gas industries […]
Due Diligence for an Energy Infrastructure Company
We provided financial advisory services pertaining to the acquisition of a major energy infrastructure company, including natural gas distribution and pipelines. This effort included detailed due diligence to develop twenty-year financial projections for all regulated operating subsidiaries of the client’s identified target, including key revenue drivers impacting the valuation. Specifically, we provided the following support: reviewed […]
Power Purchase Agreement Arbitration Support
We provided arbitration dispute services related to three small independent power producers(“IPP”) concerning the price set for renewing power purchase agreement contracts. The services we provided include opinions on the North East American energy market evolution, prevailing pricing parameters, the reasonableness and fairness of the price offered by the client, how that price compares with […]
Contract and Damages Assessment
We provided a contract and damages assessment in an arbitration case. The assessment involved contract review and an analysis of damages based on energy and capacity clearing prices versus contract prices.
Extended Power Uprate – Life Cycle Management Project Review
We assisted the client with a review of the project management processes used to manage an extended power uprate-life cycle management project at the client’s nuclear generating facilities. This work included reviewing the extended power uprate (“EPU”)/life cycle management (“LCM”) project and the prudence of management’s decisions and actions over the course of the EPU/LCM […]
