• Study is the First of Its Kind by a Major Consumer or Governmental Entity
• Results Indicate That the City Has Sufficient Generation and Transmission Resources, and That Economic Conditions Have Had a Substantial Impact on Energy Needs
• New in-City Generation or Repowering and Two Transmission Projects Selected as Promising Options
• Plan Will Guide Decision Making by City and State Policymakers and Utilities Serving the Region

CRA International, Inc. (NASDAQ: CRAI), a worldwide leader in providing management, economic, and financial consulting services, today announced its role in developing a master electrical transmission plan for New York City. CRA was retained by the New York City Economic Development Corporation (NYCEDC) to analyze the economic and environmental impacts of various proposed and conceptual transmission and generation projects that could improve the supply of power to New York City. The study, titled "A Master Electrical Transmission Plan for New York City", also provides recommendations for further action to meet New York City’s energy needs in an efficient and clean manner. It was conducted in coordination with the local electric utilities, state regulatory agencies for New York and New Jersey, and state and regional agencies responsible for managing the power grid.

“We are pleased to offer our economic expertise and deep knowledge of electric generation and transmission to assist the City of New York in shaping its future energy infrastructure,” said James C. Burrows, CRA's President and Chief Executive Officer. “The study is an economic evaluation of transmission options to serve New York City’s energy needs and offers some fact-based analysis and conclusions on potentially valuable initiatives.”

“The study that we have completed with CRA International is an important milestone in planning the regional transmission grid serving New York City," said Jim Gallagher, Senior Vice President of the New York City Economic Development Corporation. "CRA's analyses will be crucial to guiding our decisions and ensuring a cost-effective and clean power supply for the City well into the future.”

The CRA team analyzed specific commercial projects proposed in New York City and the region, upgrades to current transmission and electric generation sources, and conceptual projects that could meet future needs. The team analyzed historical transmission congestion and market conditions, designed a methodology with stakeholders, collaboratively identified potential solutions, and analyzed projects according to multiple metrics and criteria, both economic and environmental.