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CIAO DATE: 10/04
Deploying IGCC in This Decade With 3Party Covenant Financing
William G. Rosenberg, Dwight C. Alpern, and Michael R. Walker
Belfer Center for Science and International Affairs
July 2004
Summary
"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).
Table of Contents
Front Matter and Acknowledgements (PDF, 9 pages, 157.9 KB)
Executive Summary (PDF, 21 pages, 229.2 KB)
Volume I
Why IGCC (PDF, 14 pages, 225.9 KB)
IGCC Technology and Operating Experience (PDF, 12 pages, 99.6 KB)
IGCC Deployment (PDF, 6 pages, 83.5 KB)
3Party Covenant Financing and Regulatory Program (PDF, 14 pages, 61.8 KB)
IGCC Economics and Impact of 3Party Covenant (PDF, 20 pages, 106.5 KB)
Appendix A: Components of Federal Legislation for Implementing 3Party Covenant; Appendix B: Levelized Carrying Charge Calculations (PDF, 9 pages, 49.4 KB)
Volume II
Introduction to Volume II (PDF, 2 pages, 17.4 KB)
Traditional Electric Industry Regulatory System and Effect on Allocation of Investment Risk of New IGCC Plants (PDF, 18 pages, 76.9 KB)
Current Electric Industry Regulatory System in Specific States (PDF, 52 pages, 205 KB)
Model Regulatory Mechanism for Review, Approval and Recovery of IGCC Project Costs (PDF, 34 pages, 144.3 KB)