Deploying IGCC in This Decade with 3Party Covenant Financing: Volume II

Revised

Report, Belfer Center for Science and International Affairs, Kennedy School of Government, Harvard University

May 2005

Author: William Rosenberg, Senior Research Associate, Energy Technology Innovation Policy

Belfer Center Programs or Projects: Environment and Natural Resources; Science, Technology, and Public Policy; Energy Technology Innovation Policy

“Deploying IGCC in this Decade with 3Party Covenant Financing” describes a financing and regulatory proposal to support near-term investment in electricity generation from Integrated Gasification Combined Cycle (IGCC) facilities. The paper describes environmental, energy, and national security benefits to the United Stated from deploying IGCC technology, obstacles that have inhibited domestic deployment, and a blueprint for how the nation can take the initial steps to commercially deploy the technology in this decade through a financing and regulatory program that reduces financing costs and provides a technology risk tolerant investment structure. The paper was prepared as part of a three-year program in the Kennedy School's Energy Technology Innovation Project (ETIP), a joint effort of the Environment and Natural Resources Program (ENRP) and the Science, Technology, and Public Policy Program (STPP).  This is an update of an earlier version.

Chapters

• Introduction to Volume II
• Traditional Electric Industry Regulatory System and Effect on Allocation of Investment Risk of New IGCC Plants
• Current Electric Industry Regulatory System in Specific States
• Model Regulatory Mechanism for Review, Approval and Recovery of IGCC Project Costs

Further discussion in Rosenberg, William G., Dwight C. Alpern, and Michael Walker.   "Deploying IGCC in this Decade with 3Party Covenant Financing: Volume I."

Individual chapters are available for download.

For more information about this publication please contact the ETIP Coordinator at 617-496-5584.

For Academic Citation:
Rosenberg, William G., Dwight C. Alpern, and Michael R. Walker. Deploying IGCC in This Decade with 3Party Covenant Financing: Volume II. Revised. Cambridge, Mass.: Belfer Center for Science and International Affairs, Kennedy School of Government, Harvard University, May 2005.