Pace Global

Expert Testimony in State PUC Rates True-Up

Clien Need
Client Need:
A consortium of large power consumers required analytical and testimony support as interveners in a stranded cost rate true-up case for a nuclear power plant.


Our Role
Our Role:
Pace Global leveraged its financial and power market expertise and modeling capability in support of the interveners’ assertion that stranded cost recovery for a nuclear power plant should be minimized. Pace Global conducted a rigorous valuation exercise, including both discounted cash flow and comparables analyses, and presented testimony under both direct testimony and cross examination before the Public Utility Commission (PUC). Pace Global worked closely with a team of attorneys to prepare the direct and supplemental testimony as well as numerous informational requests and exhibits.


Results
Results:
The stranded cost recovery true-up decision was deemed reasonable and legally sound.
Pace Global