I'd be inclined to look around the plant and see if there are any current electric motors that you could convert to steam turbine drives. That way, you don't have to buy an electrical generator, run cables, connect the generator into your electrical system, etc.
How steady is this let-down flow rate? If this is a peak flow and it's typically a lot less, that's going to affect your economics. I'm assuming you aren't going to get rid of your current let-down valves so you still have control of your steam levels when this turbine is out of service.
I don't have a feel for the capital cost of a steam turbine/generator set but you could get a budgetary cost fairly easy by contacting vendors by giving them the necessary information: steam flow, inlet and outlet pressures, inlet temperature, required generator production voltage, etc.
You can easily estimate how much power generation you are talking about. You know the steam flow and inlet/outlet conditions. The GPSA book has theoretical steam rates for turbines in it (lbs/Hphr) and and then adjust the power production ssuming 60% to 75% overall efficiency for the turbine/gen set in real life.
That will give you how much power you could generate and using your electricity costs to get a yearly savings. Depending on your company's payback requirement for new projects, you have an idea what the maximum capital cost can be to justify the project. When you get the budgetary prices back for the steam turbine/gen set, factor up an installed cost. That's likely to be signficant for something like this, at least 4x capital cost.