Our team has widely-recognized expertise in gas and electric supply and demand forecasting, analysis of new market entry and risk assessment, analysis of new and pending market products and mechanisms, market monitoring, energy product procurement, and energy contract negotiations.
We have conducted numerous analyses and studies of energy markets on behalf of various stakeholders, including utilities, pipelines, governmental organizations, natural gas storage providers, LNG developers, and lenders. Our engagements have addressed various factors including risk assessments, comparative cost assessments, valuations, quantifications of savings associated with new infrastructure, and regulatory environment and policy assessments.
We support the development of electric and natural gas utilities’ Integrated Resource Plan/Forecast & Supply Plan strategies and regulatory filings. Our services include demand forecasts and evaluations of regulatory policies, including Renewable Portfolio Standards, existing utility portfolios and resource mix, market assessments, and portfolio optimization. We design and administer resource procurement processes including asset purchases, Renewable Energy Credit purchases, power purchase agreements, the development of new assets, and the acquisition of power supply alternatives. We also have extensive experience in supporting resource planning efforts and the justification and procurement of new supply to meet identified needs in Certificate of Public Convenience and Necessity filings. In jurisdictions where an Independent Evaluator (“IE”) is required or desired, we provide IE services including third-party monitoring and review of RFP processes and results, and, if desired by the commission, parallel independent evaluation and modeling of bids.
Public power entities and investor-owned utilities turn to our team for a wide range of energy risk and enterprise risk management services. We transform risk exposure into a management decision.
We educate our buyers to make decisions that are within their appetite for risk.
Our recognized expert-level practitioners offer commercial, financial, and regulatory experience, and we help our clients understand risks and build decision-making processes that associate a commodity hedging strategy with a meaningful business goal.
We understand that energy buyers need an analytic approach to risk so they can rest easy. The questions they are often considering are what to buy, how much, when, and why.
By following a proprietary Risk Management Model, our clients can reach a decision that is a logical consequence of their risk tolerance. Our model provides a recipe for success that takes clients through the stages of Awareness, Impact, Decision, and Report.
We start with a hands-on understanding of the business model, objectives, and resources. We help clients become aware of risk exposures, measure the impact on objectives, and make decisions to avoid risks.
As part of this process, we provide the following services:
Armed with this knowledge, our clients can confidently and decisively communicate the risks and decisions across the organization and to outside stakeholders.
We have extensive experience in the development, negotiation, arbitration and litigation of power purchase agreements and other energy contracts across the U.S. and Canada. We have developed, assessed, valued, and negotiated dozens of power purchase agreements in connection with the sale of generation assets. We have also had numerous engagements to sell or provide a valuation of various power purchase agreement portfolios for auctions and litigation purposes and due diligence projects for lenders.
We are involved in all aspects of wholesale market design and have significant experience assisting utilities, independent power producers, and government entities in shaping and understanding wholesale electric market design and operational issues. Our expertise includes energy and capacity market design and development; price formation analysis; market power analysis; ancillary services price determination and settlement procedures; transmission system operations; access, pricing and expansion; and power system reliability and operations standards.
Our team has significant experience designing and administering retail supply agreements including deal structure, supply cost components, market pricing strategy, financing components and fees, covenant arrangements and negotiations support. Our experts also provide risk management support services to our retail energy clients including corporate governance and outsourced risk management advisory services, preparation of policies and procedures manuals that govern the risk management and trading activities of energy commodities, as well as development and implementation of enterprise risk management programs.
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