Energy Consultants From CRA International Develop Master Electricity Plan for New York City

* Reuters is not responsible for the content in this press release.

Tue Jul 7, 2009 8:30am EDT

* Study is the First of Its Kind by a Major Consumer or Governmental Entity
* Results Indicate That the City Has Sufficient Generation and Transmission
Resources, and That Economic Conditions Have Had a Substantial Impact on Energy
Needs
* New in-City Generation or Repowering and Two Transmission Projects Selected as
Promising Options
* Plan Will Guide Decision Making by City and State Policymakers and Utilities
Serving the Region

BOSTON--(Business Wire)--
CRA International, Inc. (NASDAQ: CRAI), a worldwide leader in providing
management, economic, and financial consulting services, today announced its
role in developing a master electrical transmission plan for New York City. CRA
was retained by the New York City Economic Development Corporation (NYCEDC) to
analyze the economic and environmental impacts of various proposed and
conceptual transmission and generation projects that could improve the supply of
power to New York City. The study, titled "A Master Electrical Transmission Plan
for New York City", also provides recommendations for further action to meet New
York City`s energy needs in an efficient and clean manner. It was conducted in
coordination with the local electric utilities, state regulatory agencies for
New York and New Jersey, and state and regional agencies responsible for
managing the power grid. 

"We are pleased to offer our economic expertise and deep knowledge of electric
generation and transmission to assist the City of New York in shaping its future
energy infrastructure," said James C. Burrows, CRA's President and Chief
Executive Officer. "The study is an economic evaluation of transmission options
to serve New York City`s energy needs and offers some fact-based analysis and
conclusions on potentially valuable initiatives." 

"The study that we have completed with CRA International is an important
milestone in planning the regional transmission grid serving New York City,"
said Jim Gallagher, Senior Vice President of the New York City Economic
Development Corporation. "CRA's analyses will be crucial to guiding our
decisions and ensuring a cost-effective and clean power supply for the City well
into the future." 

The CRA team analyzed specific commercial projects proposed in New York City and
the region, upgrades to current transmission and electric generation sources,
and conceptual projects that could meet future needs. The team analyzed
historical transmission congestion and market conditions, designed a methodology
with stakeholders, collaboratively identified potential solutions, and analyzed
projects according to multiple metrics and criteria, both economic and
environmental. The study concluded that:

* Due to a projected surplus of generating capacity in New York City over the
next several years, decision-makers have adequate time to evaluate options and
choose the right path forward 
* From the consumer`s perspective, a new, highly-efficient and clean in-City
power plant was judged superior to the transmission projects analyzed 
* A new in-City power plant would reduce market prices, create jobs, increase
tax revenues and reduce environmental emissions by displacing the output of
older, less efficient in-City plants 
* Other projects that could create significant benefits to the region include a
proposed transmission upgrade project from Albany to Westchester County, and a
proposed transmission cable under the Hudson River from Northern New Jersey to
midtown Manhattan

The study also identifies numerous projects to supply New York City`s energy
needs, including offshore wind farms, large transmission lines, conventional
generating technologies, and increased imports from other states and regions. 

Consultants and economists from CRA`s Energy & Environment Practice prepared the
study and included Christopher Russo, Scott Niemann and Robert Stoddard. 

A copy of the full study may be obtained at:
http://www.nycedc.com/NewsPublications/Studies/MasterElectricTransmissionPlanforNYC/Pages/MasterElectricTransmissionPlanforNYC.aspx
or
http://www.crai.com/ConsultingExpertise/listingdetails.aspx?id=10994&tID=828&subtID=0&tertID=0&fID=34&SectionTitle=Energy+%26+Environment.


About CRA International's Energy & Environment Practice

CRA's Energy & Environment Practice provides expert economic and business
consulting services to a wide range of electricity industry clients around the
world. With years of industry experience and exceptional strength in analytics,
the practice's consultants offer management and economic expertise in every
phase of the electricity production cycle--from fuel procurement to retail
strategy--as well as hands-on experience helping clients manage market power,
environmental policy and regulatory issues. CRA has pioneered techniques and
models that have become industry standards, including competitive market
designs, efficient bidding mechanisms, creative financial transactions and
methodologies to assess market power. 

Electric transmission system owners, operators and users, as well as the
regulatory agencies that oversee them turn to CRA for its unique combination of
economic and engineering expertise in transmission issues. CRA's consultants
have provided input for all of the major U.S. regulatory policy debates and have
authored more publicly-reviewed cost/benefit studies of Regional Transmission
Organizations (RTOs) than any other consulting firm. Whether developing tariff
design or performing strategic studies, CRA delivers rigorous economic analyses
of the industry's most technical function. 

CRA is also the premier economic consulting firm on competitive electricity
market design and restructuring. CRA has been involved in all of the market
design proceedings in North America and has restructured electricity markets
worldwide. Expertise spans wholesale, retail and transmission markets, including
the regulatory structures that govern them, and focuses on three core areas:
efficient electricity market design, implementation and transition. For more
information about the practice, contact Robert Stoddard, Practice Leader, at
rstoddard@crai.com. 

About CRA International

Founded in 1965, CRA International is a leading global consulting firm that
offers economic, financial and business management expertise to major law firms,
businesses, accounting firms and governments. CRA's consultants combine uncommon
analytical rigor with practical experience and in-depth understanding of
industries and markets. CRA is adept at handling critical, tough assignments
with high-stakes outcomes. CRA's analytical strength enables it to reach
objective, factual conclusions that help clients make important business and
policy decisions and resolve critical disputes. Headquartered in Boston, CRA has
offices throughout North America, Europe, the Middle East and Asia. Detailed
information about CRA is available at http://www.crai.com. 

Statements in this press release concerning the expected use of CRA`s expertise,
the future business, operating results, estimated cost savings, and financial
condition of the Company and statements using the terms "anticipates,"
"believes," "expects," "should," or similar expressions, are "forward-looking"
statements as defined in the Private Securities Litigation Reform Act of 1995.
These statements are based upon management's current expectations and are
subject to a number of factors and uncertainties. Information contained in these
forward-looking statements is inherently uncertain and actual performance and
results may differ materially due to many important factors. Such factors that
could cause actual results to differ materially from any forward-looking
statements made by the Company include, among others, the Company`s
restructuring costs and attributable annual cost savings, changes in the
Company`s effective tax rate, share dilution from the Company`s convertible debt
offering and stock-based compensation, dependence on key personnel, attracting
and retaining qualified consultants, dependence on outside experts, utilization
rates, factors related to its acquisitions, including integration of personnel,
clients, offices, and unanticipated expenses and liabilities, the risk of
impairment write downs to the Company`s intangible assets, including goodwill,
if the Company`s enterprise value declines below certain levels, risks
associated with acquisitions it may make in the future, risks inherent in
international operations, the performance of NeuCo, changes in accounting
standards, rules and regulations, changes in the law that affect its practice
areas, management of new offices, the potential loss of clients, the ability of
customers to terminate the Company`s engagements on short notice, dependence on
the growth of the Company`s business consulting practice, the unpredictable
nature of litigation-related projects, the ability of the Company to integrate
successfully new consultants into its practice, general economic conditions,
intense competition, risks inherent in litigation, and professional liability.
Further information on these and other potential factors that could affect the
Company`s financial results is included in the Company`s filings with the
Securities and Exchange Commission. The Company cannot guarantee any future
results, levels of activity, performance or achievement. The Company undertakes
no obligation to update any of its forward-looking statements after the date of
this press release.





CRA International, Inc.
Andrea Goodman, 617-425-3333
Director of Communications
or
Sharon Merrill Associates
Jim Buckley, 617-542-5300
Executive Vice President 



Copyright Business Wire 2009

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.