Since the introduction of wholesale market competition, LAI has worked with ISOs throughout the Northeast on a broad range of market design and resource adequacy issues. We have advised utilities, state regulatory commissions, and other market participants on designing and improving wholesale electric power markets. LAI worked with NYISO stakeholders to update the Spot Market demand curve parameters that were filed and accepted at FERC, and tested the mechanism for price volatility and gaming incentives. We have represented stakeholder groups on diverse matters involving PJM's Reliability Pricing Model and ISO-NE's Forward Capacity Market, as well as issues ranging from transmission withdrawal and interconnection rights to pricing and cost of service.

We understand the pros and cons of alternative market designs, locational pricing frameworks, and other innovations to promote resource adequacy. Locational markets adhere to the principles of cost causality, but create complex tradeoffs for load serving entities, transmission owners, and the ISOs. LAI's team of diversified experts can reliably assess and interpret these tradeoffs, and can help clients with other challenges.

LAI's advisory services in this area include:

	Evaluating the impact of generation attrition, entry, and transmission infrastructure changes on locational power prices
	Deciphering arcane transmission tariff provisions and the functionality of new market mechanisms
	Designing advanced quantitative solutions for complex commercial transactions
	Assessing the strategic implications associated with market conditions and regulatory developments
	Identifying and evaluating cost effective resource options
	Analyzing ICAP valuation implications for DSM, wind, and other resources