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Michael STAVY, Senior Advisor on Renewable Energy Finance
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My August 2002 JSEE Paper is Specifically Cited in 11 Papers


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PAPER at WindEurope 2018 Conference, 25-28 September, Hamburg
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PAPER at WindPower 2018, 7-10 May, Chicago
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PAPER at Solar Power International 2017, 10-13 September, Las Vegas
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PAPER at Solar Power International 2013, 21-24 October, Chicago
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Paper at the 2010 European Wind Energy Conference, 20-23 April, Warsaw Poland
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PRESENTATION at the EWEC 2009 Marseille, France 16 - 19 March 2009

Paper at the 2009 Michigan Wind Conference 3-4 March 2009, Cobo Hall, Detroit, MI
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WINDPOWER 2009, May 4-7, Chicago, IL USA

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PRESENTATION at the 2008 Latin American Wind Energy Conference, November 5-7, Guadalajara, MX

PRESENTATION at WINDPOWER 2008, June 1-4, Houston, TX

PRESENTATION at the 2008 European Wind Energy Conference, 31 March-3 April, Brussels. Belgium
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PAPER, "The Economics of Storing Wind Electricity as Hydrogen" at WindPower 2007 June 3-6 Los Angeles, CA USA
Kellogg Graduate School of Management Class of 1969

QUOTED in the Northwestern Alumni Magazine, Winter, 2007
Storing Wind Electricity as Hydrogen

PAPER "The Technology of Storing Wind Electrcity as Hydrogen" at the European Wind Energy Conference, 7-10 May, 2007, Milan, Italy
Storing Wind Electricity as Hydrogen

PAPER at the POWER GEN Renewable Energy and Fuels Conference, March 6-8, 2007, Las Vegas, NV
Spoke to Reporters

PRESENTATION "Reporting the Wind Story" At the Seminar "Reporting Energy Issues in the Midwest", Sponsored by the Foundation for American Communications, Urbana, IL September 14, 2006
Spark, November 2005

Letter to the Editor of SPARK, November, 2005
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"US Energy Sources and Uses" October 29, 2005 Interview on KYGT, Clear Creek County, CO Public Radio
Illinois’ Voluntary Renewable Portfolio Standard

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PUBLISHED "January 3, 2005 Letter to the Editor" in Crain's Chicago Business
Journal of Solar Energy Engineering

PAPER "Carbon Content of Hydrogen Vehicle Fuel" in the February, 2005 Journal of Solar Energy Engineering
The Cost of Wind Electricity

PAPER "Worksheet to Compute the Cost Wind Electricity", World Renewable Energy Conference-VIII, Denver, CO USA, August 29-September 3, 2004
Fuel Cell Vehicle

PAPER California Climate Change Center's First Annual Conference on Climate Change, June 9-10, 2004, Sacramento, CA
Fuel Cell Vehicle

PAPER, National Hydrogen Association 20O4 Convention, April 26-30, 2004, Los Angeles, CA
Paper on Kyoto Protocol

PAPER-Global WINDPOWER 2004 Conference, Chicago, IL USA, 28-31 March 2004
Levelized Cost and Carbon Content of Hydrogen Vehicle Fuel

PAPER-United States Association for Energy Economics-NCAC-Washington, DC, Friday, December 19, 2003
Fuel Cell Vehicle

PAPER-Illinois Economics Association's 33rd Annual Meeting, October 17-18, 2003, Chicago, IL
Fuel Cell Vehicle

PAPER-American Solar Energy Society's SOLAR 2013 Conference, 21-23 June, Austin,TX
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PAPER-International Solar Energy Society-SOLAR WORLD CONFERENCE 2003-14-19 June 2003,Goteborg, Sweden
Pure Hydrogen Flame

PAPER-European Wind Energy Association-2003 EUROPEAN WIND ENERGY CONFERENCE 16-20 June 2003-Madrid,Spain
Journal of Solar Energy Engineering

PAPER "Worksheet to compute the Levelized Cost of PV electricity", Journal of Solar Energy Engineering, August 2002
From Paris on Route N-7

PAPER, 2002 Global Windpower Conference, 2-5 April, Paris France


  PUBLISHED "January 3, 2005 Letter to the Editor" in Crain's Chicago Business

Michael STAVY  
Senior Advisor on Renewable Energy Finance  
300 N STATE ST APT 4434  
Chicago, Illinois USA 60654  

Below is the Crain's Chicago Business, December 20, 2004 article, Who Profits When Nukes are Well-Run and my answer published in Crain's Chicago Business, January 3, 2005 "Letters to the Editor" section.

Under a ComEd power plan, it isn't consumers

December 20, 2004
By Steve Daniels

For decades, Commonwealth Edison Co.'s poorly operated nuclear power plants were an albatross around the region's neck, leading to some of the highest electricity rates in the country.

In the late 1990s, ComEd hired ex-Navy officer Oliver D. Kingsley Jr. to turn around the five Northern Illinois plants. Before he retired, Mr. Kingsley succeeded beyond all expectations, and the plants now generate some of the lowest-cost power in the country.

Shouldn't ComEd customers benefit from that? After all, they paid inflated power rates for two decades to cover the NUKES' capital costs. In recent years, business customers that left the utility for alternative power suppliers paid ComEd exit fees, $1.3 billion in extra charges to continue paying down its old nuclear plant investment. And now ComEd parent Exelon Corp. has obtained 20-year license extensions for two of its plants, Quad Cities and Dresden, that will allow them to keep running through until 2029 at the earliest.

But state regulators ARE leaning toward adopting a ComEd-proposed power-procurement system that in two years would ensure the company, and not customers, mainly PROFITS from the NUKES' abundant, cheap power.

A state-imposed freeze on power rates, in place since 1997, is scheduled to expire at the end of 2006. Regulators now want to set up an auction among competing power generators to set the price for power in 2007. (The cost of power accounts for about two-thirds of a customer's electricity bill; the cost of delivering power makes up the rest.)


Such an auction would result in big PROFITS for Exelon, which ran the NUKES this year at a cost of 1.2 cents per kilowatt-hour. Under the auction ComEd wants, average power prices customers would pay would be about five times that.

Similar recent auctions in New Jersey and Ohio resulted in prices 50% above the prevailing wholesale rate — which, in Illinois' case, would be between 5.1 and 6.6 cents per kilowatt-hour under a range of experts' pricing outlooks for the state in 2007.

At the low end of that scale, Exelon executives have said, average power rates would increase 8% from where they ARE today. At the high end, the rate hike would exceed 20% (Crain's, Nov. 22).


By contrast, if electricity rates were under traditional regulation, which allows utilities to recover their costs and earn a specified return, rates might fall slightly. That's because Exelon's cost of producing power from its nuclear plants has plummeted to 1.2 cents per kilowatt-hour this year from 2.7 cents in 1997.

With about half the Chicago area's power needs met by those nuclear plants, and their operating costs cut by more than half, that's at least 25% less in power-generation costs the company would recover if rates were still regulated. Under the deregulation law, rates today ARE 20% below those in 1997.

Still, "customers ARE not getting the 'price' benefit of the plants," says Eric Robertson, an attorney WHO represents businesses on electricity issues.

Exelon and ComEd executives say the NUKES never would have been turned around without the profit incentive created by deregulation. Under regulation, the plants for two decades produced half or less of their capacity, but now operate at 94% says ComEd Vice-president Anne Pramaggiore.

Robert McDonald, a top finance official at Exelon, says predictions that a return to regulation would cut rates rely on "too many speculative assumptions."

©2004 by Crain Communications Inc.

Crain's Chicago Business Letters to the Editor

January 03, 2005

. . . we all benefit

All of Chicago (as well as the rest of the planet) profits when Exelon's nuclear reactors are well-run. Let us not forget about Three Mile Island, which was not very well-run. Exelon's own Zion nuclear plant was shut down before it was too late.

Michael STAVY
Consulting Energy Economist

Posted: 7 January 2005


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Michael STAVY, Senior Advisor on Renewable Energy Finance 

Wind, Solar, Energy Storage, Hydrogen, Carbon Mitigation Credits and Taxes 


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