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Cambridge, Mass., Sept. 10, 2003 - Lexecon Inc. announced that the State of Vermont has retained the economic consulting firm to determine whether it is feasible or desirable for the state to purchase hydroelectric facilities on the Connecticut and Deerfield rivers.
The Vermont Renewable Power Supply Acquisition Authority is examining if it is feasible to purchase hydroelectric generating assets that now belong to US Gen New England, a subsidiary of PG&E National Energy Group. US Gen filed for bankruptcy protection from its creditors on July 8, listing assets and liabilities of $1.8 billion.
James Coyne, senior vice president of Lexecon, will be in charge of the study.
The facilities are located on the Connecticut Deerfield Rivers and are part of a hydroelectric generation system that produces 545 megawatts of power at peak capacity. Assisting Lexecon with the study will be Gomez and Sullivan on engineering issues and Palmer & Dodge, Bingham McCutchen, and McKee, Giuliani & Cleveland on legal matters.
About Lexecon
Lexecon is a consulting firm whose Harvard Square, Cambridge, MA office specializes in the energy industry, and maintains an active practice with public and private clients in the fields of electricity and natural gas. The Firm's principals and consultants are leaders from the worlds of academia, government, and business.
Lexecon's engagements span the range of economic, financial, and policy analyses, including competitive wholesale market analysis, design and structure; retail competition policies; investment analysis; wholesale supply contracting, power planning and resource procurement; energy facility siting; and due diligence. The firm has offices in Cambridge, MA and Chicago. More information can be found at www.lexecon.com.
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