Electric industry restructuring has ushered in fundamental changes in the pricing and procurement of wholesale power supply, including increased reliance on competitive solicitations to obtain power supplies. Power supply solicitations are robustly competitive only when bidders have confidence in the integrity of the procurement process. LAI can help state commissions and utilities ensure objectivity and transparency. We have established a track record of success in facilitating solicitations for short, intermediate, and long-term power supplies. We help design the auction process in accord with best industry practice and provide testifying witnesses to attest to the fairness and efficiency of the solicitation results. We assist utilities establish credit and collateral requirements that are consistent with industry standards and protective of ratepayers.

LAI has extensive transactional experience in all areas that are integral to the procurement process. On behalf of utilities, end users, and government agencies, we have conducted successful competitive solicitations for energy, capacity, ancillary services, and renewable energy credits (RECs). LAI has represented utilities and utility commissions throughout the Northeast and Mid-Atlantic regions in the monitoring electric utilities' procurement of power for retail customers that continue to take unbundled service from their local utility. LAI served as procurement administrator for multiple procurements in the Midwest on behalf of utilities and state agencies. We have also advised publicly owned utilities regarding competitive solicitations for generation supply and transmission services.

Our competitive procurement advisory services include:

	Auction design
	Procurement administration and oversight
	Supply portfolio optimization
	Contract negotiation support
	Credit standards
	Benchmarking
	Inter-market regulatory liaison