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 30 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.


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

Pete Lewis has over 30 years of experience in the power industry. As a project director for DAI’s consulting assignments, Mr. Lewis has performed appraisal and valuation analyses on renewable and fossil-fuel generating stations, industrial facilities, and distributed generation portfolios in support of partnership investments, sale and leaseback transactions, ITC applications, end-of-lease negotiations, property tax litigation, and buyer due diligence. These efforts have required market studies, income capitalization and reproduction cost analyses, purchase price allocations, and orderly liquidation value determinations.

As a licensed professional engineer, Mr. Lewis directs DAI’s Independent Engineer engagements on behalf of investors in solar PV projects having reviewed over 400 projects with independent production forecasting, design assessment, and construction monitoring.  At DAI, he has evaluated emissions compliance systems, maintenance and upgrade plans for natural gas-fired plants, biofuel plant construction as well as distributed generation technologies like fuel cells, battery storage, and microturbines.

Prior to joining DAI, Mr. Lewis was a project manager for Bechtel and Westinghouse Electric Corporation. His past project experience included design and manufacturing of power generating hardware for steam and nuclear applications as well as directing field support in operating plants.  Mr. Lewis also 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.