Nuclear Economics Consulting Group (NECG) applies in-depth analysis to complex economic, business, regulatory, financial, geopolitical, and other challenges related to nuclear economics and the nuclear industry. Our work is based on analytical rigor and objectivity informed by real-world industry experience.

NECG’s experts have provided expert testimony in litigation, arbitration, and regulatory proceedings on behalf of corporations, law firms, and government authorities.  NECG has also created and helped implement corporate and government strategies, conducted research and studies, written detailed subject matter reports, provided recommendations on marketing and business strategies, and provided advice on multiple issues.  NECG collaborates with other firms that need deep and specialized nuclear industry expertise for proposals, client engagements, and project execution.

NECG experts have global reach and past performance covering all facets of the nuclear industry. NECG experts combine consultancy experience with extensive real-world operational and corporate leadership. NECG experts have worked in the nuclear industry and on nuclear projects around the world at all stages. Our work is informed by extensive experience in nuclear economics, the electricity industry, in electricity industry restructuring, and in assessing the impact of electricity reform on the nuclear power industry.

Expert Testimony

Expert Testimony in Litigation and Arbitration

NECG provides consulting and testifying expertise in nuclear industry litigation and international arbitration cases.  Our testimony typically covers economic and damages issues, but also includes industry expertise, causation, and other topics.  NECG experts have also acted as consulting experts in these cases.

Regulatory Proceedings

NECG provides consulting and testifying expertise in nuclear industry regulatory disputes.  Nuclear power investments are recovered through rates by traditional regulated and government utilities. NECG assists in the regulatory approval process by providing analyses of prudence and economic soundness of a nuclear power project investment.

Business Transactions

Nuclear Power Projects

NECG’s work with nuclear power projects is based on decades of work with power projects in both regulated and liberalized energy markets.  NECG’s experience with conventional Independent Power Projects (IPPs) and merchant power projects gives us useful insight into issues faced by merchant nuclear projects.  NECG provides advice on appropriate financial/ownership/contractual structures, on risk assessment, on fit with electricity industry, and on other issues.  NECG assesses financial feasibility and bankability of nuclear projects.

NECG experts have been involved in small and advanced reactor concepts at multiple levels. This work has included advice to small modular reactor (SMR) and advanced reactor companies and investors, advice to governments considering support for these small and advanced reactors, and involvement in academic efforts to study these new designs.

Due Diligence for Investments and Transactions

Detailed, quantitative, and independent assessment of nuclear power projects is needed by owners, investors, lenders, regulators and other parties in a nuclear power plant project or transaction. NECG provides credible third-party validation and assessments of the financial, regulatory, labor, market, international relations, and localization issues facing nuclear projects. NECG provides qualitative assessments of organization and governance structures and programmatic risks.  NECG provides detailed analyses and research on nuclear industry issues that arise in transactions.

Nuclear Industry

National Nuclear Power Programs

NECG works with governments to develop, evaluate, and implement national programs for nuclear electricity production, high-level nuclear waste, and other nuclear industry activities.  We also work to help governments understand how nuclear power programs fit with electricity industry reform and restructuring.

Nuclear Procurement Programs

Developing and implementing strategies for nuclear procurement programs is critical. NECG provides assistance with supply chain strategies, tender development, bid evaluation, and negotiation of key terms/requirements for nuclear power plant tenders. We work for and with investors, vendors, public institutions/governments, regulators, financial institutions, transportation agents, brokers, and other parties.

Electricity Markets

Power plant investments are based on revenue from electricity sales.  Nuclear power plants, with long development periods and even longer operating lives, require long-term analyses of electricity revenue. NECG provides analyses of electricity revenue under different industry structures.  Electricity revenue from Power Purchase Agreements (PPAs) or other contracts is defined by contract terms. Electricity revenue in electricity markets must be assessed through market modelling to estimate project output and market prices over time. In a government or regulated electricity industry, analyses of regulatory processes and capacity expansion alternatives may be required to support an investment and ownership decisions. Electricity revenue also depends on government support schemes and policies.

Nuclear Fuel Cycle

NECG experts provide consulting advice and expert testimony on the nuclear fuel cycle (both front-end and back-end), including:

  • Uranium industry and market prices
  • Enrichment markets, prices, and technology
  • Nuclear fuel fabrication
  • Security of nuclear fuel supply

Valuation

NECG experts have been retained to provide formal and informal appraisals of nuclear power plants and other nuclear industry assets, companies, and activities.  NECG’s nuclear project valuation work is typically based on detailed economic models of project cash flows.
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