In 2019, on behalf of SVCE and MBCP, Ascend conducted a joint resource solicitation and evaluation process for carbon free power supplies ("Joint RFP") in order to meet each entity's RPS requirements. Ascend developed a scoring rubric evaluating cost, location, risk, developer experience, impact on resource adequacy, on-peak delivery, and commercial operation date.

Ascend modeled individual bids for overall resource value (i.e., value of net energy plus ancillary services plus resource adequacy). Energy values were calculated mark-to-market against simulated values of the LMP price. Ascend then tested combinations of resources that met a minimum REC constraint through a process to calculate overall CAA portfolio Return | Risk combinations. The Return | Risk analysis incorporated an array of factors including: resource performance vs hourly load obligation, basis (locational price difference) between resources and DLAP, variability in production from resources, and forward and spot price uncertainty.

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Ascend Analytics is the leading provider of market intelligence and analytics solutions for the energy transition. The company's offerings enable decision makers in power development and supply procurement to maximize the value of planning, operating, and managing risk for renewable, storage, and other assets. From real-time to 30-year horizons, their forecasts and insights are at the foundation of over $50 billion in project financing assessments. Ascend provides energy market stakeholders with the clarity and confidence to successfully navigate the rapidly shifting energy landscape.