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Evaluation of Vectren Coal Units
Synapse assisted the Sierra Club with reviewing Vectren South's request for Certificate of Public Convenience and Necessity (CPCN) at four coal-fired units in Indiana (Culley 2 & 3, and EW Brown 1 & 2). To evaluate the investments, Synapse reviewed Company workpapers and reconstructed an extended analysis of the short economic evaluation conducted by the Company, and proposed alternative mechanisms of valuation, as well as additional risks not considered by Vectren in the retrofit. Synapse provided expert testimony before the Indiana Utility Regulatory Commission.