WHERE WE WORK
Pegasus-Global has provided advisory services to large energy and infrastructure projects around the world. We’ve worked in North America, Latin and South America, Asia, Asia-Pacific, Australia, and Europe.
Pegasus-Global has provided consulting and management advisory services to support major construction projects throughout the world, encompassing over 50 megaprojects across more than 20 countries. Our experience includes working with clients to evaluate governance, controls, and strategic direction of projects, not only assisting project owners in evaluating the performance of EPC contractors, but also assisting EPC contractors in meeting their performance obligations. We have been retained many times to assess the prudency of a company’s actions, to determine the cause of cost increases and schedule extensions, and assist clients in preparing for regulatory proceedings regarding the management of energy or infrastructure construction projects and in testifying in such proceedings, including projects requiring approval from more than one regulatory body. Our experience goes beyond individual projects or programs and includes organizational assessments designed to improve the organization’s ability to deliver capital projects successfully, including identification and implementation of selected recommendations. Our clients include the investment community, multinational corporations, utilities, government entities, owners, engineers, and contractors. A sample of our clients in the energy and infrastructure industries includes:
• Energy sector clients: Southern Company (and its subsidiaries Mississippi Power Company and Georgia Power Company); Duke Energy (and Progress Energy before its merger with Duke Energy); Ontario Power Generation; PSE&G; Emera; AES; Portland General Electric; Great Plains Energy; Nevada Energy; Black & Veatch; British Petroleum; ATC; and the Tennessee Valley Authority.
• Infrastructure sector clients: New York State Thruway; Washington State Legislature; The Governors of Washington and Oregon; The City of Winnipeg, Canada; the California Judiciary; British Columbia Ministry of Transportation and Highways, Canada; the City of Detroit; Her Majesty’s Treasury and Department for Transport, London; State of Victoria, Australia; The Ministry of Land, Infrastructure and Transit, Japan; and the Panama Canal Commission.
Below is a sample of projects where Pegasus-Global has provided advice and services:
PSE&G Energy Strong Program
Trenton, New Jersey, USA
Megaproject – Storm Hardening
Services: Auditing & Assessment | Independent Monitoring
Public Service Enterprise Group’s (PSE&G’s) $1.22 billion Energy Strong Program allows the utility to proactively protect and strengthen its electric and gas systems against severe weather damage like the state of New Jersey experienced during Hurricane Irene and Superstorm Sandy. Pegasus-Global was appointed as the independent monitor for the project to analyze and measure the impact of program investments on overall system performance; review and confirm that implementation of the chosen mitigation method or investment is being, and has been, performed in a reasonable and prudent manner; and determine whether costs charged to the Energy Strong Program are in fact costs properly attributable to Energy Strong Distribution Investments that are part of the program approved by the New Jersey Board of Public Utilities.
Ontario Power Generation Darlington Refurbishment Program
Clarington, Ontario, Canada
Megaproject – Nuclear Plant Refurbishment
Services: Auditing & Assessment | Regulatory Support
Ontario Power Generation’s (OPG’s) $12.8 billion Darlington Refurbishment Program will extend the operating life of the four-unit Darlington Nuclear Generating Station by approximately 30 years. The program consists of several subprojects, notably re-tube and feeder replacement; inspection, maintenance, and rehabilitation of the turbine generators and control systems; and defueling of the reactors and refurbishment of the fuel-handling equipment. Pegasus-Global was brought on to provide an independent and objective assessment of the degree to which OPG’s plan and approach to the program’s execution are consistent with the way other megaprojects and megaprograms have been carried out. This evaluation included a review of the processes in place for management of costs and schedule, program controls, and application of contingency. It culminated in filed testimony before the Ontario Energy Board in July 2016.