Navigant Consulting Study to Examine Impact of U.S. Electric Industry's Regulatory and Market...

Business Editors

CHICAGO--(BUSINESS WIRE)--Dec. 10, 2002

Navigant Consulting, Inc. (NYSE:NCI) announced today that the Company is launching a comprehensive multi-client study to look at "The Changing Face of Renewable Energy--The Impact of U.S. Electric Industry Regulatory

"The renewable energy industry is undergoing dramatic change, with sustained double-digit growth for several renewable energy technologies, and an increased demand for alternative energy sources," stated Lisa Frantzis, Director of Navigant Consulting's Renewable and Distributed Energy practice. "Markets are thriving for some technologies while more traditional technologies are poised for new growth--driven by technological improvements, customer choice, political support for renewable technologies and new regulatory approaches. This study is designed to help companies understand how and where to take advantage of the opportunities--and avoid pitfalls--in the burgeoning renewable energy industry."

The fee-based study will begin on January 31, 2003, and is open to participation by electric utilities, generation companies, energy companies, equipment manufacturers, large energy end-users, power project developers and other companies interested in understanding the opportunities and challenges created by the fundamental regulatory and market changes taking place in the U.S. electric industry.

"With the participation of a broad set of industry players, this multi-client study will examine important questions about the 10-year outlook for renewable energy technologies and markets," according to Frantzis. "Our study approach encourages strong cross-industry collaboration by bringing together leading renewable energy consultants with executives from companies now involved in renewable energy or building renewable energy into their plans going forward."

For additional information about this study, including the subscription process and fees, contact Lisa Frantzis at (781) 564-9614, or by email at lfrantzis@navigantconsulting.com.

About Navigant Consulting

Navigant Consulting, Inc. (NYSE: NCI) is a specialized independent consulting firm providing litigation, financial, restructuring and energy consulting services to government agencies, legal counsel and large companies facing uncertainty, risk, distress and significant change. The Company focuses on industries undergoing substantial regulatory or structural change and on the issues driving these transformations. "Navigant" is a service mark of Navigant International, Inc. Navigant Consulting, Inc. (NCI) is not affiliated, associated, or in any way connected with Navigant International, Inc. and NCI's use of "Navigant" is made under license from Navigant International, Inc. More information about Navigant Consulting can be found at www.navigantconsulting.com.

Electric utilities, generators, equipment manufacturers, end-users, and power project developers are invited to participate in a Navigant Consulting Renewable Energy Multi-Client Study

THE CHANGING FACE OF RENEWABLE ENERGY

The Impact of U.S. Electric Industry Regulatory and Market Changes on Renewable Energy Technologies and Markets

Navigant Consulting's multi-client study will examine the U.S. renewable energy market. Specifically, the study is designed to address the opportunities and challenges created by the fundamental regulatory and market changes taking place in the U.S. electric industry. The target start date for the study is January 31, 2003.

What is driving these changes? Electric industry restructuring. Renewable energy technology advances resulting in greater reliability and cost competitiveness. Environmental impacts of energy use. Energy security and diversity pressures. Customer demand for cleaner energy.

What will the study address? The study will address the following topics, among others:

- Impact of industry restructuring and regulatory outlook--near-term and long-term--on the renewable energy marketplace and players in that field

- Outlook for renewable energy technology for the next 5-10 years--technology development, costs, applications, market prospects, potential challenges and key players

- Implications of the growth of renewable energy funds over the next decade (currently estimated at more than $4 billion of cumulative investment by 2012)--and prospects for accessing those funds

- Opportunities for electric utilities to incorporate renewable energy technologies into overall resource and market strategies

- Potential challenges or barriers to connecting renewable energy resources to the electric grid, including technical (e.g., effective integration of intermittent resources) and regulatory (e.g., interconnection standards for small-scale systems)

- Probable evolution of certificate trading as a mechanism for satisfying Regional Portfolio Standards (RPS) obligations and monetizing the inherent value of renewable energy

Who will lead this study? Navigant Consulting experts in renewable energy--some of the leading consultants in the field--will lead this study, including:

- Lisa Frantzis, expert in wind, solar, and geothermal

technologies, policies, and business strategies (23 years of

renewable energy consulting work; NCI's Director of Renewable

and Distributed Energy; formerly with Arthur D. Little)

- Steve Pinkerton, expert in wind and geothermal distributed

generation and energy conservation (25 years experience in

geothermal power and heat pump technology; former Director of

Renewable Energy Programs for Massachusetts DOER)

- Ryan Katofsky, expert in biomass, landfill gas, photovoltaics,

and fuel cells; technology, policy, and economics of renewable

energy systems (10 years of biomass, landfill gas,

photovoltaics, and fuel cell consulting work)

- Andy Greene, expert in environmental and regulatory (more than

15 years of environmental and regulatory experience; former

Assistant Secretary, Policy and Planning, Executive Office of

Environmental Affairs)

- Steve Hastie, expert in project development;

photovoltaics/off-shore wind program support; market

assessment; due diligence investigator and renewable

procurement specialist (involved in energy-related marketing,

research and communications for more than 18 years)

- Laurie Park, expert in policy development/implementation,

program structuring, project development (18 years in electric

and water consulting and resource planning; structured $100

million Solar Bond Initiative passed by San Francisco voters

in November 2001)

- David Walls, expert in distributed generation and technology

management (23 years of energy technology management

consulting work in renewable energy and distributed

generation; formerly with Arthur D. Little)

How can a company subscribe to this study? For additional information about the study structure, subscription process, and fees, please contact:

- Lisa Frantzis, Director, Renewable and Distributed Energy,

Phone (781) 564-9614, lfrantzis@navigantconsulting.com

- Angela Milardo, Program Coordinator, (781) 564-9769;

amilardo@navigantconsulting.com

Navigant Consulting, Inc. (NYSE: NCI) is a specialized independent consulting firm providing litigation, financial, restructuring and energy consulting services to government agencies, legal counsel and large companies facing uncertainty, risk, distress and significant change. The Company focuses on industries undergoing substantial regulatory or structural change and on the issues driving these transformations. "Navigant" is a service mark of Navigant International, Inc. Navigant Consulting, Inc. (NCI) is not affiliated, associated, or in any way connected with Navigant International, Inc. and NCI's use of "Navigant" is made under license from Navigant International, Inc. More information about Navigant Consulting can be found at www.navigantconsulting.com.