Assessment of
Regional Power Market Structure
in Peninsular
Florida
WASHINGTON,
DC, July 27, 2004 – ICF Consulting
has been engaged by GridFlorida LLC to assess the
impact on Florida consumers of restructuring the
Peninsular Florida wholesale power market. The
study will be completed this fall.
"We are pleased to be part of this important assignment.
Our staff will work closely with the Florida Public Service
Commission (FPSC) staff and all Florida stakeholders
during this process," says Phil Mihlmester, Senior
Vice President, Energy
Markets with ICF Consulting.
ICF Consulting will quantify the anticipated costs and
benefits to consumers resulting from a restructured competitive
marketplace, consistent with the U.S. Federal Energy
Regulatory Commission’s (FERC) wholesale market
design principles. The firm will examine the costs of
developing and operating a Regional Transmission Organization
(RTO). "The analysis will be detailed and specific
to Peninsular Florida and will incorporate lessons learned
from previous RTO cost-benefit studies," says Kojo
Ofori-Atta, a Vice President with ICF Consulting. |
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ICF Consulting will address
both quantitative and qualitative costs and benefits in
this study, yielding a projection of the expected impacts
of RTO formation on all stakeholders. "The formation
of an RTO has impacts on all stakeholders, so it is important
to fully understand the magnitude and sources of these
impacts before making the decision on whether or not to
form one," continues
Ofori-Atta.
ICF Consulting has more than 30 years of experience
in energy markets and an unrivaled reputation for providing
quality, unbiased, independent analyses. Transmission
analysis is one of the firm’s specialties. In 2001-2002, the
FERC engaged ICF Consulting to perform a cost-benefit study
of the proposed FERC RTO structure nationwide. In this study,
ICF Consulting addressed the question of how large RTOs would
impact regional power markets and wholesale power prices
in the United States.
About GridFlorida
GridFlorida’s (www.gridflorida.com)
mission is "to
form an efficient, effective and universal provider of electric
transmission services for Peninsular Florida." GridFlorida
has received provisional approval from the FERC to become
a RTO, and is currently seeking FPSC approval before re-filing
at FERC. For the past several months, developmental
activities have focused on concerns expressed by the FPSC.
On March 20, 2002, the joint applicants made a compliance
filing with the FPSC revising the form and function of GridFlorida
to address perceived problems.
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ICF International (Nasdaq: ICFI) partners with government and commercial clients to deliver consulting services and technology solutions in the energy, environment, transportation, social programs, defense, and homeland security markets. The firm combines passion for its work with industry expertise and innovative analytics to produce compelling results throughout the entire program life cycle, from analysis and design through implementation and improvement. Since 1969, ICF has been serving government at all levels, major corporations, and multilateral institutions. More than 1,800 employees serve these clients worldwide. ICF’s Web site is http://www.icfi.com.
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For Immediate Release
Contact: Douglas Beck
1.703.934.3820
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