Navigant Consulting, Inc. to Conduct Auction for 540 Megawatt Southeastern Massachusetts Electric Generating Facility

Apr 25, 2001, 01:00 ET from Navigant Consulting, Inc.

    BURLINGTON, Mass., April 25 /PRNewswire/ -- Navigant Consulting, Inc.
 (NYSE:   NCI) today announced that its Energy & Water business unit has been
 selected by Sithe West Medway Development LLC to conduct an auction for the
 proposed 540-megawatt gas fired simple cycle electric generating facility
 located in Medway, Massachusetts.  The Energy & Water unit will be soliciting
 bids for either the purchase of the facility or for a tolling agreement for
 all of the electrical energy output from the facility.  Either alternative
 provides the buyer with access to electrical output from a facility that has
 been fully permitted and is ready for immediate commencement of construction.
     The Medway Project, comprised of three identical 180 MW General Electric
 Frame 7FA gas fired simple cycle advanced technology combustion turbines, has
 advantageous siting with interconnections to the high-voltage electric
 transmission system managed by ISO New England and access to a major natural
 gas pipeline.  The New England market is currently experiencing a shortage of
 peaking capacity, especially capacity with high ramp rate capability.  These
 units provide rapid start-up and load ramping, and significant fuel
 efficiency, all while maintaining extremely low emission rates. Their high
 efficiency, high ramp rate and low emissions will position the Medway Project
 to favorably compete with the other generating units in the region.
     The Medway Project will be located on a minimum of fourteen (14) acres at
 the nexus of two critical market zones, Greater Boston and Central
 Massachusetts/Rhode Island. It will be connected to the backbone of the New
 England electric transmission system via a direct connection with NStar's
 adjacent 345 kV switchyard in the Central Massachusetts/Rhode Island zone. The
 Central Massachusetts/ Rhode Island zone will include ISO New England's
 proposed Market Hub.  The Medway Project will also be interconnected with
 Algonquin Gas Transmission's high pressure interstate pipeline system less
 than one mile away.
     "Our auction process is designed to be attractive both to parties which
 wish to own and operate these units, and parties which would prefer to deliver
 fuel to the facility and market the electrical output.  We are open to
 structuring this transaction on a basis which allows the bidders to creatively
 offer the most value for these assets", said Nicholas W. Mattia, Jr., a
 Director in Navigant Consulting's Energy & Water business unit.
     The auction process is expected to begin in late April, with the
 availability of the Offering Memorandum.  For additional information on the
 Medway Project sale and tolling services offering, interested parties should
 contact either Messrs. Mattia or Slocum.  E-mail: nmattia@rcgroup.com or
 jslocum@rcgroup.com .
 
     About Navigant Consulting
     Navigant Consulting, Inc. ( www.navigantconsulting.com ) is a globally-
 focused management consulting firm providing consulting services to Fortune
 500 companies, government agencies, law firms, and regulated and network
 industries.  The Company is comprised of two business units -Energy & Water
 and Financial & Claims.  The Energy & Water practice provides consulting
 services to the energy and electric, gas, and water utility industries,
 focusing on M&A/divestiture financial advisory services, reliability
 regulatory and optimization reviews, electric generation and transmission
 assessments, including energy market assessments, and energy regulatory-
 related litigation support.  The Financial & Claims unit, consisting of
 Peterson Consulting, The Barrington Consulting Group and PENTA Advisory
 Services, provides consultation to clients facing the challenges of
 litigation, bankruptcy, claims, regulation and change in analyzing complex
 accounting, finance, economic, engineering, system and information management
 and retrieval, outsourcing and technology issues.  "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.
 
     Statements included in this press release, which are not historical in
 nature, are intended to be, and are hereby identified as, "forward-looking
 statements" for purposes of the safe harbor provided by Section 21E of the
 Securities Exchange Act of 1934, as amended by Public Law 104-67.  Forward-
 looking statements may be identified by words including "anticipate,"
 "believe," "intends," "estimates," "expect" and similar expressions.  The
 Company cautions readers that forward-looking statements, including without
 limitation, those relating to the Company's future business prospects,
 revenues, working capital, liquidity, income and margins, are subject to
 certain risks and uncertainties that could cause actual results to differ
 materially from those indicated in the forward-looking statements, due to
 several important factors, including those identified from time to time in the
 Company's reports filed with the SEC.  Such risk factors include, but are not
 limited to: acquisitions and acquisitions under consideration, follow-on
 offerings, revenues and financial estimates, significant client assignments,
 recruiting and new business solicitation efforts, judicial proceedings,
 regulatory changes and general economic conditions.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X59542714
 
 

SOURCE Navigant Consulting, Inc.
    BURLINGTON, Mass., April 25 /PRNewswire/ -- Navigant Consulting, Inc.
 (NYSE:   NCI) today announced that its Energy & Water business unit has been
 selected by Sithe West Medway Development LLC to conduct an auction for the
 proposed 540-megawatt gas fired simple cycle electric generating facility
 located in Medway, Massachusetts.  The Energy & Water unit will be soliciting
 bids for either the purchase of the facility or for a tolling agreement for
 all of the electrical energy output from the facility.  Either alternative
 provides the buyer with access to electrical output from a facility that has
 been fully permitted and is ready for immediate commencement of construction.
     The Medway Project, comprised of three identical 180 MW General Electric
 Frame 7FA gas fired simple cycle advanced technology combustion turbines, has
 advantageous siting with interconnections to the high-voltage electric
 transmission system managed by ISO New England and access to a major natural
 gas pipeline.  The New England market is currently experiencing a shortage of
 peaking capacity, especially capacity with high ramp rate capability.  These
 units provide rapid start-up and load ramping, and significant fuel
 efficiency, all while maintaining extremely low emission rates. Their high
 efficiency, high ramp rate and low emissions will position the Medway Project
 to favorably compete with the other generating units in the region.
     The Medway Project will be located on a minimum of fourteen (14) acres at
 the nexus of two critical market zones, Greater Boston and Central
 Massachusetts/Rhode Island. It will be connected to the backbone of the New
 England electric transmission system via a direct connection with NStar's
 adjacent 345 kV switchyard in the Central Massachusetts/Rhode Island zone. The
 Central Massachusetts/ Rhode Island zone will include ISO New England's
 proposed Market Hub.  The Medway Project will also be interconnected with
 Algonquin Gas Transmission's high pressure interstate pipeline system less
 than one mile away.
     "Our auction process is designed to be attractive both to parties which
 wish to own and operate these units, and parties which would prefer to deliver
 fuel to the facility and market the electrical output.  We are open to
 structuring this transaction on a basis which allows the bidders to creatively
 offer the most value for these assets", said Nicholas W. Mattia, Jr., a
 Director in Navigant Consulting's Energy & Water business unit.
     The auction process is expected to begin in late April, with the
 availability of the Offering Memorandum.  For additional information on the
 Medway Project sale and tolling services offering, interested parties should
 contact either Messrs. Mattia or Slocum.  E-mail: nmattia@rcgroup.com or
 jslocum@rcgroup.com .
 
     About Navigant Consulting
     Navigant Consulting, Inc. ( www.navigantconsulting.com ) is a globally-
 focused management consulting firm providing consulting services to Fortune
 500 companies, government agencies, law firms, and regulated and network
 industries.  The Company is comprised of two business units -Energy & Water
 and Financial & Claims.  The Energy & Water practice provides consulting
 services to the energy and electric, gas, and water utility industries,
 focusing on M&A/divestiture financial advisory services, reliability
 regulatory and optimization reviews, electric generation and transmission
 assessments, including energy market assessments, and energy regulatory-
 related litigation support.  The Financial & Claims unit, consisting of
 Peterson Consulting, The Barrington Consulting Group and PENTA Advisory
 Services, provides consultation to clients facing the challenges of
 litigation, bankruptcy, claims, regulation and change in analyzing complex
 accounting, finance, economic, engineering, system and information management
 and retrieval, outsourcing and technology issues.  "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.
 
     Statements included in this press release, which are not historical in
 nature, are intended to be, and are hereby identified as, "forward-looking
 statements" for purposes of the safe harbor provided by Section 21E of the
 Securities Exchange Act of 1934, as amended by Public Law 104-67.  Forward-
 looking statements may be identified by words including "anticipate,"
 "believe," "intends," "estimates," "expect" and similar expressions.  The
 Company cautions readers that forward-looking statements, including without
 limitation, those relating to the Company's future business prospects,
 revenues, working capital, liquidity, income and margins, are subject to
 certain risks and uncertainties that could cause actual results to differ
 materially from those indicated in the forward-looking statements, due to
 several important factors, including those identified from time to time in the
 Company's reports filed with the SEC.  Such risk factors include, but are not
 limited to: acquisitions and acquisitions under consideration, follow-on
 offerings, revenues and financial estimates, significant client assignments,
 recruiting and new business solicitation efforts, judicial proceedings,
 regulatory changes and general economic conditions.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X59542714
 
 SOURCE  Navigant Consulting, Inc.