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NEO's Business
In today's environment of high fossil fuel and electricity prices, renewable and other advanced technologies, such as utility scale wind power, are providing competitive advantages to electricity customers, power plant developers, energy marketers, and electric utilities while mitigating carbon dioxide emissions that contribute to climate change. Deregulation of a large part of the United States' electric power industry has stimulated demand for technologically advanced, environmentally friendly energy solutions but at the same time made those solutions more difficult to implement. Approximately half of the states, including those with retail electric competition as well as those that have at least partially retained the vertically integrated utility model, have instituted renewable portfolio standards. Many of these states, as well as other states, have also instituted competitive bidding processes for renewable energy resources as well as for power supplies of all types under long-term power purchase agreements.
NEO assists purchasers and state regulatory commissions in the procurement of electricity products under formal and informal competitive bidding processes. NEO has performed the following roles in competitive procurements:
- Advising on the design of RFPs and standard contracts
- Bid evaluation
- Contract negotiations
- Oversight as Independent Evaluator, Independent Consultant
or Independent Observer
NEO helps developers of energy projects
put together one or more revenue producing contracts to support financing
of their projects under current market, regulatory, and institutional conditions.
In this complex environment, NEO assists developers in devising an integrated
marketing plan to:
- Find customers for sale of energy, capacity, and environmental
attributes and/or counter parties that will provide an effective hedge
of market price risk
- Identify and find solutions for key "deal" issues
- Create financeable contract structures that work in the context of ISO rules and practices
- Maximize value
NEO also assists clean energy funds in utilizing and
leveraging their resources to facilitate successful development and financing
of new renewable energy projects.
In addition, NEO advises
clients in the following areas:
- Contract restructurings as a means to add value to existing
assets
- Due diligence on power plant projects, especially issues
relating to power sales contracts
- Market analysis and project feasibility
analysis
- Advice and assistance in developing power plant projects
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