M.J. Beck Consulting (MJB) is pleased to support building a stronger New York City energy industry community by hosting NYC Energy Drinks events in 2013. These events are informal gatherings; no fees, no speakers, no formalities, just energy industry professionals sharing a drink. Following on from a successful 2012 series of monthly events, NYC Energy Drinks returns on March 5th, with subsequent events on April 12th, May 7th, June 4th and a special NYC Energy Week event on June 25th.

More information at: www.nycenergydrinks.com

The team at M.J. Beck Consulting (MJB) congratulates our friends and colleagues at HEVO Power Inc. which has advanced to the ARPA-E Energy Innovation Summit Pitch Competition finals. HEVO Power’s innovative wireless electric vehicle charging system is a game-changing technology and MJB is pleased to be able to assist HEVO with economic modeling and advice.

Learn more about HEVO at http://www.hevopower.com/
Learn more about the ARPA-E Energy Innovation Summit at http://www.arpae-summit.com/

The City of Vineland, NJ Municipal Electric Utility (VMEU) required an evaluation of power generation economics associated with its generating assets to determine the best course of action to meet future energy and environmental requirements at the least cost.

VMEU’s annual energy requirements and peak load were expected to continue to increase given forecasted economic growth. (e.g., peak demand growth at 4-5 percent per year). This growth, along with the operating challenges of VMEU’s generating units, prompted the City to seek MJB’s assistance in evaluating the economic viability of its generating fleet. MJB evaluated which option, among a series of potential alternatives, provides VMEU with the most cost effective long term energy supply plan to meet system load growth in a manner commensurate with its risk profile.

The scope of the project included: 1) an overview of the physical condition of each asset; 2) market modeling of PJM including 10 year energy and capacity price forecasts at the Vineland hub, and 10 year cost forecasts for each asset; 3) net present value analyses (10 year) for each asset based on base, high and low forecasts of fuel prices, energy prices and future demand growth; and 4) development of recommendations for each asset based on the analyses.

For a global financial institution, MJB in conjunction with a partner firm provided project management support for the separation of its Global Merchant Services Division. Within the Program Management Office, MJB managed the weekly reporting and tracking of actual versus budget performance for 10 work streams and over 40 projects, totaling >$10MM. The role required coordinating with project managers to track performance against cost and schedule and report on progress on a weekly basis.

As a result of MJB’s and our partner’s involvement, client senior management regained visibility into separation-related cost and schedule activity and forecasts. Overall, the corporate separation occurred under-budget by approximately $3MM.

Follow M.J. Beck Consulting (MJB) Director, Jonathan McClelland on Twitter @mcclelland_nyc. Plus receive updates on states’ renewable energy policies by following @TheRPSEdge which compliments MJB’s online database of Renewable Portfolio Standards

This week, Jonathan McClelland, Director in the M.J. Beck Consulting (MJB) New York office participated at the CERES Investor Summit on Climate Risk and Energy Solutions at the United Nations headquarters in midtown Manhattan. The program included excellent array of panels and speakers including Goldman Sachs Analyst, Abby Joseph Cohen and UN Foundation President, Tim Wirth.