ERG was retained by a Joint Action Agency (JAA) to prepare its Annual Engineering Report on its power project revenue bonds. The report covered the financial and operational performance of a 523 MW-rated coal-fired conventional steam turbine generating unit.
ERG’s Report to the Bond Trustee involved:
- Evaluating and reporting on the JAA’s and the Project’s Business Organization and Management;
- Verifying that the JAA and the Project are in compliance with the requirements related to their bond covenants; and
- Evaluating and reporting on the Project’s property and operations.
ERG employed its broad set of professional skills and experience in the areas of engineering, accounting, technical analysis, and finance to provide the essential services required by the JAA’s bond trustee.