The Situation

• Utility needed help streamlining their sale of excess power from a nuclear plant to obtain the best price possible and present a competitive, transparent process to the regulators for their upcoming rate case.

World Energy Action

• World Energy used an Indicative Bid Round to survey the market for additional product and credit relief options, then used Live Auction Round to create competitive arena to obtain better pricing.

Result

• The utility received a great price for a product that relieves them of all credit and performance risk. The utility considered the additional revenue from the competitive price to be a bonus above the primary benefit of having proof of a compliant process to present to the regulators.