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A Market Perspective: Identifying, Quantifying, and Applying Economic Obsolescence

A Market Perspective: Identifying, Quantifying, and Applying Economic Obsolescence

By Kevin Reilly, ASA | evcValuation Click HERE to download a PDF version of this article In valuing the assets in a business transaction, economic obsolescence (“EO”) is an often difficult and sometimes contentious form of depreciation to identify, quantify, and explain. It is not something you can see, touch, hear, smell, or taste. Because […]
Natural Gas-Fired Electricity Generation Surging This Summer

Natural Gas-Fired Electricity Generation Surging This Summer

The EIA’s Short-Term Energy Outlook released in July has natural gas-fired generation supplying approximately 37% of total electricity in the U.S. this summer, with coal-fired generation falling to approximately 30% of total supply.  Low natural gas prices along with over 5 gigawatts of additional natural gas-fired capacity that has come online this year are the […]
Increasing Renewable Generation Capacity Posing More Challenges for Grid Operators

Increasing Renewable Generation Capacity Posing More Challenges for Grid Operators

The significant growth of renewable energy generation has made it a challenge to effectively integrate into markets across the US.  The inherent variability of wind and solar generation has led to wide, and fast swings in wholesale electricity prices due to supply and demand imbalances.  According to a report by the Lawrence Berkeley National Laboratory […]
Legislation Leads to Uncertainty in the Renewable Energy Sector

Legislation Leads to Uncertainty in the Renewable Energy Sector

New legislation along with the expiration and phase-down of the Renewable Energy Production Tax Credits (“PTC”) have lead to uncertainty in the renewable energy sector. PTCs play a significant role in a project’s viability. The value of the PTC was $24/MWh for projects that commenced construction in 2016 or earlier, however, for projects commenced in […]
Rise of Renewable Energy Generation Expected to Continue

Rise of Renewable Energy Generation Expected to Continue

Between declining costs of renewable energy technology and continually increasing stigma associated with fossil fuel electricity generation, the forward outlook for renewable generation is very positive.  Additionally, the Tax Cuts and Jobs Act signed into law by President Trump at the end of 2017 maintained the tax credits associated with renewable energy generation, furthering the […]
V.C. Summer Nuclear Plant Abandonment Spells Trouble for Future of Nuclear Power

V.C. Summer Nuclear Plant Abandonment Spells Trouble for Future of Nuclear Power

The V.C. Summer Nuclear Plant in South Carolina, one of the first new Nuclear Power Plant projects in nearly 2 decades, has been abandoned partway through construction. Santee Cooper and SCE&G, partners on the project, decided to cancel the project due to significant budget overruns, the bankruptcy filing of Westinghouse (reactor manufacturer), and the significant […]
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What Our Clients Say

We have used evcValuation on several projects in Oklahoma, ranging from railroads to renewable energy properties. Kevin Reilly’s testimony was instrumental in achieving success in the landmark Oklahoma wind case, Kingfisher Wind, LLC v. Wehmuller, 2022 OK 83, 521 P.3d 786. Kevin’s team at evc is top-notch. They are thoughtful, thorough, and prompt with their work and communication with the attorneys and the client. We look forward to working with them in the future.

Expert vehicle valuation services for accurate business appraisals.
Jay Dobson
Partner
Elias, Books, Brown & Nelson

We have used evcValuation on multiple power generation plants throughout the United States with respect to ad valorem property tax disputes. The dedicated professionals at evcValuation go to great lengths to ensure their reports are both thorough and accurate. To achieve this, they dig deeper and pull back layers that many would simply gloss over…

Professional business valuation services for optimal asset appraisals.
Dan Zazzali
Partner
McCarter & English LLP

We’ve worked with evcValuation for several years on property tax disputes that’s reached a state-level appeal board. The team is well qualified for dealing with power plants and power market specifics. They understand differences across technologies and markets and how to account for these in their work. The specific property they’ve advised us on has a host of complexities, and I’ve been impressed with evc’s thoughtful approach and ability to tackle these issues. They work efficiently and have always responded to any questions or concerns we’ve had promptly. Kevin and his team provide a solid product and they’re at the top of our list of people to call for property tax disputes.

Experienced business valuation professional providing accurate valuation services.
Jonathan Beach
Principal
Rockland Capital

I’ve partnered with Kevin Reilly and evcValuation on some of the most complex valuation assignments in the country, including nuclear power plants, cogeneration facilities, wind and solar farms, battery storage sites, and more. In every instance, evcValuation brings an unparallelled level of expertise and integrity to the table.

What makes Kevin such a powerful and credible witness isn’t just his knowledge or meticulous preparation—it’s that he is never an advocate for his client. He is an advocate for the right value. Commitment to objectivity is evcValuation’s “secret sauce” and why juries and judges find them so credible. Kevin’s objectivity allows him to maintain an even demeanor in deposition or on the witness stand under the most rigorous examination.

When it comes to valuation of complex properties, evcValuation is the best in the business. There are a number of appraisers who write excellent reports, and there are several who tell a good story. evcValuation is one of the very few who do both. Their work is consistently thorough, defensible, and rooted in a deep understanding of appraisal theory, the subject property, and the market. When the stakes are high, you need the best in your corner, which is why evcValuation is our first call.

Professional valuation expert smiling in a business suit.
Raymond Gray
Founding Partner of Gray Winston & Hart, PLLC