The energy industry is constantly evolving, and demonstrating the prudence of cost-incurring decisions has become a crucial strategy for achieving success, particularly when it comes to significant investments in major infrastructure projects. Regulators are placing increasing emphasis on evaluating the prudence of project management practices, recognizing their impact on escalating rate structures.
Concentric’s trusted experts specialize in conducting comprehensive evaluations of project management practices to assess how they align with industry standards. With our extensive experience in high-stakes capital projects, we offer valuable insights informed by lessons learned and best practices. Complemented by appropriate benchmarking analyses, our expertise allows us to objectively evaluate project performance.
Our deep understanding of the regulatory landscape, combined with significant testifying experience, positions us as leaders in addressing regulatory matters and prudence issues within the energy industry. We have conducted meticulous examinations of procurement and purchasing decisions, affiliate transactions, asset acquisitions, and project management processes for utilities, power generators, transmission owners, and pipeline operators before the FERC, the Canada Energy Regulator, and state regulators.
In relation to the widely accepted prudence standard adopted by federal, provincial, and state energy regulators, our knowledge stands out. We are actively engaged in addressing regulatory matters and prudence issues, especially in the nuclear power sector. Our Chairman, John J. Reed, co-authored a significant work on nuclear prudence reviews in the 1980s, highlighting our long-standing commitment to excellence in this area.
