CRA International Designs and Conducts Germany's First Virtual Power Plant Auction.BOSTON -- CRA See Community Reinvestment Act. International (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : CRAI CRAI Centre De Recherche En Architecture Et Ingénierie (French) CRAI Continuous Regional Arterial Infusion CRAI Consorzio per la Ricerca e le Ipplicazioni di Informatica (Italy) ), a worldwide leader in providing economic, financial, and management consulting Noun 1. management consulting - a service industry that provides advice to those in charge of running a business service industry - an industry that provides services rather than tangible objects services, announced that it played a central role in Germany's first Internet auction of a virtual coal-fired power plant. CRA's client, RWE RWE Rot-Weiss Essen (Germann football club) RWE Ralph Waldo Emerson RWE Rheinisch-Westfälische Elektrizitätswerke (German Power Supplier) RWE Read Write Execute RWE Right Wing Extremist Power AG, successfully auctioned generating capacity of 200 MW of secure output to European municipalities, industrial customers, electricity generators, and traders. Winning bidders can call up electricity at any time over a specified period as if they own the power plant, but face none of the risks associated with ownership. CRA was responsible for the auction design, rules, and implementation. CRA also held bidder information sessions, hosted the auction at its state-of-the-art Internet auction site, and concluded contracts between RWE and the winning bidders at the close of the auction. "After auctions in France, Belgium, the Netherlands, and Denmark, the RWE auction continues the trend in Europe to sell capacity through virtual power plant auctions," said James C. Burrows, CRA International's president and chief executive officer. "CRA made important contributions to foster this approach in Europe through its previous work for Nuon, a Dutch power company, and most recently for RWE. While the Nuon auction was used as a remedy in merger control, RWE's auction was the first voluntary virtual power plant auction in Europe. The success demonstrated that these auctions are an effective instrument to offer and sell innovative products as well." CRA helped RWE meet its goals of testing innovative new products and sales channels. An auction for the delivery period 2007-2009 offered two products for sale: 100 MW referenced to the index for hard coal published by the German Federal Office of Economics and Export Control (BAFA BAFA Bundesamt für Wirtschaft Und Ausfuhrkontrolle (Germany: Federal Office of Economics and Export Control) BAFA British Arts Festivals Association BAFA British American Football Association (Gridiron football) ), and 200 MW referenced to the API#2 coal index. In the end, 200 MW indexed with API#2 for the 2007-2009 period was sold, yielding a price of EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 247,000/MW. A second auction, for the delivery period 2010-2012, tested receptivity to new, innovative products. "CRA expects an increase in the use of auctions in electricity markets for procurement and selling alike," concluded Burrows. "We look forward to continuing to assist clients in Europe and internationally with our auctions and e-markets practice and other industry-specific practices." About CRA International Founded in 1965, CRA International is a leading provider of economic and financial expertise and management consulting services. Working with businesses, law firms This list of the world's largest law firms by revenue is taken from The Lawyer and The American Lawyer and is ordered by 2006 revenue:[1]
consulting company business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a for complex assignments with pivotal and high-stakes outcomes. The firm is distinguished by a unique combination of credentials: deep vertical experience in a variety of industries; broad horizontal expertise in a range of functional disciplines; and rigorous economic, financial, and market analysis. CRA offers a proven track record of thousands of successful engagements in regulatory and litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. support, business strategy and planning, market and demand forecasting, policy analysis, and engineering and technology management. Headquartered in Boston, the firm has more than a dozen offices within the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and ten offices in Canada, Europe, the Middle East, and the Asia Pacific region. Detailed information about CRA is available at www.crai.com. Statements in this press release concerning the future business, operating results, 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 The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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, changes in the Company's effective tax rate, share dilution from the Company's convertible debt offering, the impact of the adoption of Financial Accounting Standards Board Financial Accounting Standards Board (FASB) Board composed of independent members who create and interpret Generally Accepted Accounting Principles (GAAP). Statement No. 123R, dependence on key personnel, attracting and retaining qualified consultants, dependence on outside experts, utilization rates, risks associated with acquisitions, risks inherent in international operations, NeuCo's performance, management of new offices, dependence on growth of the Company's business consulting practice, the ability of the Company to integrate successfully new consultants into its practice, intense competition, 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. |
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