Steve Dean, ASA, P.E.

Managing Principal


B.S. Mechanical Engineering
– United States Naval Academy

– University of Pittsburgh

Entrepreneurial Management Program
– Carnegie Mellon University


  • American Society of Appraisers
  • Professional Engineer in Pennsylvania

Steve R. Dean, DAI’s Managing Principal, founded the company to provide financial, engineering, and management consulting services to the financial services, power, and energy industries. Mr. Dean has 25 years of business, finance, and management experience. Mr. Dean’s projects have involved the use of Monte Carlo simulation models to forecast energy prices, the valuation of industrial assets, and estimation of acquisition prices. He has advised institutional investors regarding investments in domestic and international power plants, energy facilities, transmission systems, and industrial projects.

In his present capacity as Managing Principal, he has managed the turnaround of several distressed assets, renegotiated power and fuel contracts, and implemented process efficiency improvements. Mr. Dean has provided consulting services for owners/developers, lenders, and investors in over 100 industrial projects. Over the past two decades, Mr. Dean has utilized state-of-the-art computer modeling techniques to evaluate investment uncertainty. This work has been used successfully by investors to make quantitative business decisions regarding the development of assets and the purchase and/or sale of bonds, equity investments, and company stock.

Peter Lewis, P.E.

Director, Financial Analysis

Peter Lewis, P.E.


B.S. Mechanical Engineering
Lehigh University, 1986

M.B.A., Finance and Accounting
Carnegie Mellon University, 2002


  • Professional Engineer in Pennsylvania

DAI Project Director Pete Lewis has over 15 years of experience in the power industry. At DAI, his responsibilities include managing a portfolio of six independent power projects that includes hydroelectric, wind turbine, and gas-fired facilities. This requires direct involvement with the client facilities for budgeting, tax and emission issues, maintenance planning, and contract enforcement. As asset manager, Mr. Lewis has also represented the owner during bid solicitation, negotiation, and the sale of energy assets.

As part of independent DAI consulting projects, Mr. Lewis has performed fair market value determinations and developed sale negotiation strategies for electric generation and other industrial facilities. These efforts have required market studies, income capitalization and reproduction cost calculations, and orderly liquidation value determinations. He has also conducted detailed assessments of Section 29 tax credit issues for synthetic fuel plants.

Mr. Lewis’s previous experience was as a project manager for Bechtel and Westinghouse Electric Corporation. Projects included design and manufacturing of different types of power generating hardware for steam and nuclear applications. He also directed various field operations to service damaged or outdated equipment during time critical outages in operating plants. Prior to these positions, Mr. Lewis served in the Navy as an engineering officer responsible for the supervision of maintenance and reactor plant operations on a nuclear powered ship.

Paul Fischbeck, Ph.D.

Senior Advisor

Paul Fischbeck


B.S. Architecture
– University of Virginia, 1974

M.S. Operations Research
Naval Postgraduate School, 1981

Ph.D. Industrial Engineering and Engineering Management
– Stanford University


  • Institute for Operations Research and the Management Sciences (INFORMS)
  • Society for Risk Analysis
  • Commander, US Naval Reserve

Dr. Paul S. Fischbeck is a Professor in the departments of Engineering and Public Policy and Social and Decision Sciences at Carnegie Mellon University. His general research involves normative and descriptive risk analysis. Past and current research includes the development of a risk index to prioritize inspections of offshore oil production platforms, an engineering and economic policy analysis of air pollution from international shipping, a large-scale probabilistic risk assessment of the space shuttle’s tile protection system, and a geographic information system (GIS) designed to evaluate the environmental risk, economic potential, and political factors of abandoned industrial sites.

In addition to advising DAI on risk analysis and modeling issues, he has also served as an expert witness in the evaluation of large power generation facilities. With DAI, he has presented papers, and led workshops at dozens of professional conferences on quantitative risk analysis methods and asset valuation.