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BOSTON, Mass., Aug. 1, 2002 -- Charles River Associates Inc. announced recently that the company has been selected as advisor to the Tennessee Valley Authority (TVA) on alternative financing for the restart of Unit 1 at the Browns Ferry Nuclear Plant in Athens, Alabama.
CRA will evaluate alternative financing proposals and assist TVA in implementing a financing plan for the estimated $1.8 billion, five-year project.
"Obtaining alternative financing is a key component of TVA's effort to restart Unit 1 at Browns Ferry," said Charles Trabandt, CRA vice president and officer-in-charge of the TVA project team. "CRA recognizes that any eventual alternative financing for the Unit 1 restart may be an important precedent for the TVA power program in the future, and we look forward to assisting the Authority in this endeavor."
Trabandt is a senior financial, regulatory and strategic planning professional who has advised major corporations and government clients in the global energy and power sector. He is the former Managing Director of the Global Energy and Power Group, Investment Banking for Merrill Lynch & Co. and has served on the Federal Energy Regulatory Commission from 1985-1993.
TVA is the nation's largest public power producer, and its power system is self-financed. TVA provides power to large industries and 158 power distributors that serve 8.3 million consumers in seven southeastern states.
About CRA
Founded in 1965, Charles River Associates is an economics, finance, and business consulting firm that works with businesses, law firms, accounting firms, and governments in providing a wide range of services.
CRA combines economic and financial analysis with expertise in litigation and regulation support, business strategy and planning, market and demand forecasting, policy analysis, and engineering and technology management.
More information about the company can be found on its Web site at www.crai.com.
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