Expert Testimony

For much of my life I have worked on electric utility issues. I often write testimony in utility cases on cost of captial issues, cost of service issues and other subjects. Much of the academic literature on electricity markets, regulation of distribution companies, establishing rate design for business and domestic consumers is heavily biased in favor of policy positions that are advocated by institutions that have a lot of money. These institutions are utility companies and groups that are put together to represent medium and large businesses. I do not get paid very much for my papers and my testimony and I generally represent consumer interests. In particular I have advocated for positions that favor small consumers. I hope that some of my testimony is provocative and presents a technical and academic background on a lot of important policy issues.

– Testimony on Cost of Capital and other financial issues (mergers, deferred taxes etc.)

– Papers and Testimony on Profits of Generation Companies

– Testimony and Analysis on Forecasting and Statistical Analysis

– Testimony on Project Finance and Plant Valuation Issues

– Testimony on Rate Design and Cost of Service

– Testimony on Comparative Rates and Productivity

The file below contains a list of my testimony over the years



PDF File with a Testimony from 1994 -- Testimony on the Regressive Rate Structure in Chicago Case 94-0065

PDF File with a Copy of My Discussion of the Financial Crisis and Structured Finance Modelling

Testimony Report for the State of Maine on Regression of Uncollectibles from Sales and Income Docket No. 2009-217

Testimony on Transition Charges and Stranded Investment in Illinois in Case Number No. 01-0423

Testiomny on Cost of Service and Rate Design - Customer Costs and Street Lights in Illinois Case Docket 08-0532

Testiomny on Why Non-Coincident Load Allocator Should Not Be Used in Illinois Docket 10-0467

Excel File that Reads Financial Data from MarketWatch and Finance.Yahoo that Can be Connected with Analysis Files

Rebuttal Testiomny on Rate Design and Cost of Service with Street Lights and Customer Charge in Docket 94-0045