Synapse reviewed the projections of New England electricity market prices used for the utilities' stranded cost estimates. This review included the models and the input assumptions underlying the utilities' claims. The results were presented in the testimony of Bruce Biewald, dealing with market power and market prices. Project completed in 1999.
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Synapse, with assistance from MacGregor Energy Consultancy, prepared a study of the following consumer protection measures: divestiture of generation, codes of conduct, licensing standards, reliability of distribution services, consumer education, and disclosure of information. The report was presented in the testimony of Tim Woolf before the West Virginia Public Service Commission, Case No. 98-0452-E-GI. Project completed in 1999.
Measures to Ensure Fair Competition and Protect Consumers in a Restructured Electricity Industry in West Virginia
Synapse prepared a critique of the PBR mechanisms proposed by two main Kentucky utilities. Synapse participated in technical workshops covering the PBR proposals, advised the AG on the consumer impacts of the proposals, and developed alternative proposals in order to best meet the interests of electricity customers. Project completed in March 1999.
Synapse prepared a review of Pacific Gas and Electric Company’s request to earn shareholder incentives for 1998 energy efficiency programs. Synapse provided an overview of the principles that should be used in designing performance awards, a critique of the design of PG&E’s market transformation goals and benchmarks, and an assessment of the amount of awards requested for 1998 performance. Project completed in 1999.
Synapse, with Resource Insight, Peter Bradford, and Neil Talbot, reviewed the proposed merger of PacifiCorp with Scottish Power. The project included the examination of the appropriate standard for approval of the merger as well as assessment of the financial impacts, affiliate transactions, performance benchmarks, and customer service. Project completed in 1999.
Synapse conducted an analysis of the market power implications of the proposed merger, the air emissions of the combined companies, and the barriers to entry faced by potential market entrants. The results were presented in the testimony of Bruce Biewald in FERC Docket Nos. EC98-40-00, et al. Project completed in 1999.
Synapse and Resource Insight assessed the stranded costs of American Electric Power and Allegheny Power. The results, including a discussion of divestiture of generation assets and the responsibility for stranded costs and gains, were presented in the testimony of Bruce Biewald before the West Virginia Public Service Commission in Case No. 98-0452-E-GI. Project completed in 1999.
Synapse and Resource Insight reviewed the proposals for stranded costs, market prices, standard offer services, and asset divestiture from Connecticut Light and Power Company and United Illuminating Company. The results were presented in the testimony of Bruce Biewald in Dockets 99-03-35 and 99-03-36. Testimony filed in July 1999.
Synapse prepared an analysis of nuclear power plant issues in the context of electricity industry restructuring. The analysis included three integrated parts: (a) the prospects of premature nuclear power plant closure, (b) the potential unfunded liability for nuclear plant decommissioning, and (c) the potential unfunded liability for spent nuclear fuel transportation and storage. Project completed in 1999.
Synapse worked with MJBradley and Associates for STAPPA and ALAPCO - the two national associations of air pollution control officials in the 55 states and territories and over 165 major metropolitan areas - to develop a comprehensive document on greenhouse gas mitigation options. Synapse analyzed the cost and emissions reductions from technology options available in the electric generating sector, including combined heat and power production, combined-cycle generation, co-firing and atmospheric fluidized bed combustion, integrated gasification combined cycle, fuel cells, carbon dispatch, and renewables. Project completed in 1999.
Tim Woolf presented “The Cape Light Compact Energy Efficiency Plan: Overview and Current Status” to the Massachusetts Electric Restructuring Roundtable on June 30, 1999. Synapse designed the first draft of the energy efficiency programs that were provided by the Cape Light Compact, the municipal aggregator on Cape Cod.
Synapse and Resource Insight prepared estimates of the market value of eight hydro-electric generation facilities in Vermont. These facilities were assessed using the income approach, the replacement cost approach and the comparable sales approach. The income approach relied upon computer simulation modeling of the New England electricity market. Project completed in 1999, with subsequent support following negotiations continuing until May 2003
Synapse analyzed nuclear decommissioning costs for Commonwealth Edison's Zion nuclear power station and developed recommendations for the regulatory framework for recovering decommissioning costs from customers. The results were presented in the testimony of Bruce Biewald in Illinois Commerce Commission Docket No. 99-0115. Project completed in 1999.
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