Difficult choices.  Let’s not equivocate here.  The North American power industry is faced with some very difficult choices.  New environmental rules -- and the phase out of grandfathered status -- together with the fading economic advantages of coal and oil are compelling owner-operators of older, smaller fossil fuel-fired generating facilities to rethink their commitment to continued operations.  But the alternatives to continued generation can be nearly as unattractive as the continued operations themselves.  Repowering is possible in regulated states with cooperative regulators, but is a daunting task in deregulated areas of the country where “market” forces often do not support such efforts.  Shuttering the plants without repowering eliminates jobs and tax base from already struggling communities and leaves owners with environmental challenges and potential liabilities but no revenues to pay for resolving these issues.

Footprint Power was formed by power industry executives to help owners identify the opportunities presented by the shuttered and challenged facilities in their portfolios.  We understand the unique needs of generation owners and are experienced in navigating the regulatory and legal environment in which owners and their facilities operate.  We are skilled in creating structures to cabinet risk and unleash value.  We have deep, constructive relationships with regulators, environmental advocacy groups, governmental authorities and other stakeholders that we can use to break through stalemated situations and create new levels of cooperation.  We have teamed with real estate developers, brownfield experts, brokers, architects, development engineers, financiers and others to leverage our capacities and maximize value for our clients and counterparties.

Footprint Power Solutions will bring our group’s collective expertise to bear in helping owners understand the risks, rewards, liabilities and opportunities presented by their challenged generating facilities.  Footprint Power Acquisitions will structure dispositions of these facilities with optimal levels of value realization and liability relief for owners.  Whatever the appropriate path to revitalization, Footprint Power will help owners identify their optimal solution and will work with owners to bring it to fruition.