Jim McMahon, Patrick Augustine, and Anant Kumar assisted a midwestern utility in a resource planning engagement, with carbon capture and storage (CCS) on existing coal plants being one of the primary decarbonization pathways. CRA developed CCS and alternative gas and renewable portfolio options, developed a rate forecasting model, and analyzed the economics of CCS versus other options, taking into account 45Q tax credits available to the CCS facility. CRA’s work was presented to the executive leadership team and the company board.
Weathering the storm: Utility resource planning in the face of weather-driven reliability risks
The authors assessed how modeling different weather year scenarios in capacity expansion planning can impact resource investment decisions and the resulting...