LEI was hired by a US public utility to oversee the Transitional Standard Offer (TSO) auction by an electricity provider. The scope of the project included approving the Request for Proposal (RFP) and communication protocol, participating in all bidder calls and negotiations, analyzing the New England market and developing scenarios for likely bids, and auditing the utility’s decision-making process for selecting winning bids. LEI was also solicited to provide testimony to support its assessment of the auction.