Charles River Associates to Advise Tennessee Valley Authority on Nuclear Plant Financing.Business Editors BOSTON--(BUSINESS WIRE)--July 31, 2002 Charles River Charles River River, eastern Massachusetts, U.S. The longest river wholly in the state, it flows into Boston Bay after a course of about 80 mi (130 km). Navigable for about 7 mi (11 km), its estuary separates the cities of Boston and Cambridge. Associates Incorporated (Nasdaq: 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) ), an internationally known leader in providing economic, financial, and management consulting services, announced today that the company has been selected as advisor to the Tennessee Valley Authority Tennessee Valley Authority (TVA), independent U.S. government corporate agency, created in 1933 by act of Congress; it is responsible for the integrated development of the Tennessee River basin. (TVA TVA: see Tennessee Valley Authority. ) on alternative financing for the restart of Unit 1 at the Browns Ferry Nuclear Plant in Athens, Alabama. CRA See Community Reinvestment Act. will evaluate alternative financing proposals and assist TVA in implementing a financing plan for the estimated $1.8 billion, five-year project. "Obtaining alternative financing is a key component of TVA's effort to restart Unit 1 at Browns Ferry," said Charles Trabandt, CRA vice president and officer-in-charge of the TVA project team. "CRA recognizes that any eventual alternative financing for the Unit 1 restart may be an important precedent for the TVA power program in the future, and we look forward to assisting the Authority in this endeavor." Trabandt is a senior financial, regulatory and strategic planning professional who has advised major corporations and government clients in the global energy and power sector. He is the former Managing Director of the Global Energy and Power Group, Investment Banking for Merrill Lynch & Co. and has served on the Federal Energy Regulatory Commission The Federal Energy Regulatory Commission (FERC) is the United States federal agency with jurisdiction over electricity sales, wholesale electric rates, hydroelectric licensing, natural gas pricing, and oil pipeline rates. from 1985-1993. TVA is the nation's largest public power producer, and its power system is self-financed. TVA provides power to large industries and 158 power distributors that serve 8.3 million consumers in seven southeastern states. About CRA Founded in 1965, Charles River Associates is an economics, finance, and business consulting firm that works with businesses, law firms, accounting firms, and governments in providing a wide range of services. CRA combines economic and financial analysis with expertise in 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. and regulation support, business strategy and planning, market and demand forecasting, policy analysis, and engineering and technology management. CRA is distinguished by a corporate philosophy of providing responsive, top-quality consulting; an interdisciplinary team interdisciplinary team, n a group that consists of specialists from several fields combining skills and resources to present guidance and information. approach; unsurpassed economic, financial, and other analytic skills; and pragmatic business insights. In addition to its corporate headquarters in Boston and international offices in London, Melbourne, Mexico City, Toronto, and Wellington, CRA also has U.S. offices in Berkeley/Oakland, College Station, Houston, Los Angeles, Palo Alto, Philadelphia, Salt Lake City, and Washington, D.C. More information about the Company can be found on its Web site at www.crai.com. |
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