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Dr. Jonathan A. Lesser leads discussion of New England forward capacity market at national energy conference
WASHINGTON, D.C., November 6, 2006—Jonathan A. Lesser, Ph.D., Partner at Bates White, LLC, shared his insights on New England’s forward capacity market (FCM) at Law Seminars International’s “Energy in the Northeast: Resource Adequacy & Reliability” conference. Dr. Lesser explained how the FCM structure evolved based on the settlement agreement in the Devon Power case. He delved further into the subject by detailing the proposed FCM mechanism, and by examining the policy implications of higher than expected FCM prices, the competitiveness of the underlying generation supply market, and the “seams” issues that exist between New England and NY/PJM.
The LSI “Energy in the Northeast” conference was held in Boston, Mass., on October 16–17, 2006. Dr. Lesser’s presentation was based on his paper, “An Economic Perspective of the New Forward Capacity Market Concept,” which can be downloaded by visiting http://www.bateswhite.com/news/pdf/Lesser_LSI_Presentation.pdf
About Bates White
Bates White is a national economic consulting firm of more than 150 professionals.
Established in 1999, Bates White offers consulting services in economics,
finance,
and business analytics. Bates White has offices in Washington, D.C., and San
Diego, Calif.
www.bateswhite.com
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