Asset Management
Unmatched experience for maximizing value

With 4,889 MW of Asset Management responsibility, including 152 MW of wind power, CPV is the largest third-party provider of "Owner for Hire" asset management services in the natural gas fired power plant sector.

The owners of electric power generating facilities seek predictable, strong financial performance in the near term and significant value growth over time. Some owners seek the ability to move quickly to monetize asset value through financings or sales when market conditions are right.  As managers and operators, CPV takes control with two goals in mind:

• Achieving consistent profitability year-on-year; and
• Positioning the facilities for the opportunity to realize maximum value with minimum delay.

The CPV management team has the complete capability and experience to optimize both operations and profitability. Unlike consulting firms, CPV brings to bear hands-on experience throughout the power plant lifecycle including:

• Concept and development through financing;
• Construction and  testing;
• Placing the plant into commercial service;
• Managing its everyday operation; and finally
• Raising funds that reflect improved operations and market conditions.

These skills permit CPV to optimize the value of the projects it manages because value creation in operating plants goes beyond competent administration, to the redevelopment of the projects.

CPV analyzes every commercial arrangement with respect to each project it manages, including the relationships with the O&M contractor and energy manager. We review every permit and regulatory approval, including new and developing reliability regulations.  We consider every technical constraint on the project’s economic performance, whether at the plant or on the surrounding grid.

Armed with a diagnosis of the issues that sap the project’s economic performance, we devise a plan to address them and then implement the plan.

Our energy professionals do not simply consult, analyze and recommend solutions. Instead, we deliver results. We first assess the current status of the power plant, then devise and implement solutions that align with the owner's business goals. CPV presents options that span the risk/reward spectrum and then implements the solution that fits the owner's needs.

For projects in construction, CPV provides the roll of owner’s Construction Manager to manage the construction contracts and work with the equipment manufacturers to ensure the plant is appropriately tested and placed into commercial operation without delay. CPV also ensures that the requirements for transition from construction financing to permanent financing are met. If necessary, CPV can manage dispute resolution with respect to equipment supply or construction.   CPV will also manage permits, insurance, community relations and taxes during the construction phase of a project.

CPV also prepares a complete competitive analysis of a plant's regional wholesale market. In ranking the competing power suppliers in the market, CPV provides the owner a clear and candid picture of where their plant rank with the competition.  This includes a competitive review of the electric transmission and fuel supply positioning of the plant including opportunities to implement hedging and sales strategies for fuel and electrical output.

CPV's team of experienced power sellers and fuel buyers can then implement the strategy on an everyday basis. CPV also is an active participant in wholesale electric market governing organizations (ISOs and RTOs) and can effectively advocate for market structures and conditions that recognize the true value a power plant brings to the electric system.  Our representation in ISO, RTO and FERC proceedings brings bottom line value to the facilities we manage.

CPV brings decades of experience in optimizing the day-to-day profitability and the long-term value of the power plant. We continuously review the performance of the plant's operating staff to maximize the plant's availability and efficiency during periods of high revenue generation. CPV 's existing relationships with the major equipment suppliers also helps to optimize the plant's availability and reduce maintenance costs.

In addition, CPV’s understanding of the federal, state, and local permits and regulatory approvals required to legally operate the power plant enhances the bottom line. Non-compliance is inefficient, costly and can damage an owner's good name. CPV 's positive relations with and proactive approach to regulatory agencies helps to mitigate this risk.