RFQ-UCS-27 - Generating Asset Valuation Services
LIPA seeks a qualified prequalified consultant to perform a USPAP-compliant valuation of utility-scale generating assets, including a 20-year DCF financial model and assessment of commercial alternatives. Submissions are due by August 20, 2026, and only listed vendors (e.g., Siemens, PA Consulting, Accenture) may respond via LIPA's Bonfire portal.
Categories
Important dates
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Published
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Questions due
Questions must be submitted in writing via the Bonfire platform.
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Q&A responses posted
Answers to questions will be provided to all solicited firms.
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Submission deadline
Deadline passed -
Kick-off meeting
One week after notice to proceed (estimated start early September 2026).
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Financial model due
Four weeks after notice to proceed.
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Draft valuation report due
Five weeks after notice to proceed; reasonable schedule relief may be granted.
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Final valuation report due
One week after LIPA submits comments on draft report.
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Contract end date
Under no circumstance may the contract be extended beyond this date.
AI overview
The Long Island Power Authority (LIPA) is issuing this Request for Qualifications (RFQ) to prequalified vendors for independent valuation and advisory services related to utility-scale generating assets. The scope includes a comprehensive appraisal of generation resources to support LIPA's evaluation of potential strategic alternatives, such as asset acquisition or power purchase agreements. The appraisal must be performed in accordance with the Uniform Standards of Professional Appraisal Practice (USPAP) and will employ both income and market valuation approaches.
The selected consultant will be responsible for eight core tasks: coordinating appraisal inputs with LIPA, PSEG Long Island, and their advisors; gathering detailed asset information including historical and projected CAPEX/OPEX; conducting a high-level engineering assessment of the asset's physical condition and fuel supply; establishing market views under base, high, and low case scenarios for the NYISO Zone K market; developing scenario gross margin forecasts with a discounted cash flow model covering the historic period 2020-2026 and a 20-year forecast period (2027-2046); reviewing and normalizing comparable generation asset sales data; evaluating commercial alternatives including continued market participation or contractual arrangements; and preparing key deliverables including a kick-off meeting, financial model, draft and final appraisal reports, and an acquisition advisory presentation to LIPA executive management.
Key deadlines in this solicitation include a question deadline of August 11, 2026, with answers posted by August 14, 2026, and a final submission deadline of August 20, 2026. The project is expected to start in early September 2026 with a six-week completion timeline for the core valuation work, followed by optional ongoing advisory services. The contract has an initial term of six months with options for up to three additional six-month extensions, but under no circumstances may it extend beyond August 11, 2028.
Submissions must be uploaded electronically via LIPA's Bonfire e-Procurement platform. Only the prequalified firms listed in the RFQ are eligible to respond. Qualifications review factors include the firm's experience, qualifications of the proposed team, understanding of the scope of work, hourly labor rates, and MWBE/SDVOB participation. Conflicts of interest must be disclosed, and any existing relationships with Long Island-based power plant owners must be detailed.
Resources & contact
Proposal Document
View proposal documentSolicitation number
RFQ-UCS-27
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