Consultants
Carl
Pechman is President and founder of Power Economics. Prior
to founding Power Economics, he was a Director of Law and
Economics Consulting Group (LECG). At LECG, Dr. Pechman worked
with clients providing expert testimony, strategic advice
and analysis on a wide variety of issues related to the transformation
of the electric industry from regulated to re-structured markets.
Prior to LECG, he was Supervisor of Energy and Environmental
Economics at the New York Public Service Commission where
he led the Commission's effort to establish an Independent
System Operator. In addition to extensive experience as a
witness, Dr. Pechman has led a number of collaborative processes
involving complex technical issues and a wide variety of market
participants. Dr. Pechman is the author of Regulating Power:
The Economics of Electricity in the Information Age (Kluwer
Academic Publishers, 1993). Dr. Pechman holds a Ph.D. from
Cornell University.
Martin
Ringo is a consulting economist who has worked in the
electric utility industry since the advent of deregulation,
primarily in the area of independent power. He has provided
analysis of utility cost of service and rate design; utility
generation and transmission costs; industrial cost estimation;
financial modeling; and power contract review. He has testified
in 12 jurisdictions for independent developers, utilities,
and state agencies. Dr. Ringo holds a Ph.D. from Brown University.
Miles
Bidwell has over 25 years of experience in electricity
economics, including market design, cost analysis, pricing,
project valuation, and antitrust issues. He served as Chief
of Regulatory Economics at the New York Public Service Commission.
He has extensive experience as a consultant on electric, telecommunications
and water issues, including ten years as a Vice President
of NERA. Dr. Bidwell played an active role in the transformation
of power markets in England, New York and California. He has
testified frequently before federal and state regulatory authorities,
and in state and federal courts on issues related to the utility
industry's transition from strict regulation to increased
competition. Recently, he has been testifying before the FERC
on matters related to California. Dr. Bidwell holds a Ph.D.
from Columbia University.
Pradeep
(Pete) Mehra is a seasoned executive with extensive experience
in managing corporate energy procurement and consumption.
Prior to joining Power Economics, Mr. Mehra was a Vice President
of the Ford Motor Company for Energy Services Worldwide. In
that position he was responsible for the development of Ford's
corporate energy policies; management of Ford's worldwide
energy efficiency and supply operations, including purchasing
of electricity, natural gas and other fuels for all Ford facilities
globally; and representing Ford in its interfaces with governmental
and regulatory agencies on all matters related to energy.
He created, staffed and trained Ford Motor Company's global
Energy Efficiency and Supply department, which provides energy
services to over 150 manufacturing, research, parts distribution
and large office facilities located in many countries around
the world. As a direct consequence of his activities, Ford
reduced electricity costs by 23% in North America and 39%
in Europe, reduced U.S. natural gas delivery costs by 40%
and saved over $150 million annually by reducing the average
energy cost per vehicle produced by $24 per unit or 17%. Mr.
Mehra holds an M.S. in Industrial Administration from Purdue
University, and a B.E. (Honors) in Mechanical Engineering
from the University of Roorkee, India.
Academic
Advisors
Duane
Chapman is Professor of Environmental Economics at Cornell
University. His work has been in the areas of evaluation of
green marketing, environmental and contingent valuation, benefit-cost
analysis, air pollution, climate change, nuclear waste disposal
and decommissioning, and renewable energy costs. He has worked
as a consultant for banks, utilities, national laboratories,
USAID, and the U.S. Senate. His testimony includes appearances
before Congressional and state legislative committees, and
regulatory commissions. He is the author of 150 journal articles
and publications and two books, including Environmental
Economics: Theory, Application, and Policy (Addison Wesley
Longman, 2000). Dr. Chapman holds a Ph.D. from the University
of California at Berkeley.
Michael
Crew is Professor of Economics at the Graduate School
of Management, Rutgers University. He is the founding editor
of the Journal of Regulatory Economics and the Director of
the Center for Research in Regulated Industries at Rutgers
University. Dr. Crew (with Paul Kleindorfer) was instrumental
in developing the theory of peak-load pricing under uncertainty
and performance-based regulation - two concepts that form
the theoretical foundation for the development of competition
in the electric utility industry. Dr. Crew has written numerous
articles and has authored and edited 21 books, including The
Economics of Public Utility Regulation (M.I.T. Press,
1986 with P.R. Kleindorfer). Dr. Crew has consulted for a
number of corporations and government agencies on restructuring,
regulatory reform and privatization, telecommunications, and
postal service. Recent consulting includes work on transmission
pricing, access and governance, and price cap regulation.
He recently completed a major project for the U. S. Postal
Service on product costing. Dr. Crew holds a Ph.D. from the
University of Bradford, England.
Paul
R. Kleindorfer is the Anheuser Busch Professor of Management
Science and Economics and Professor of Public Policy and Management
at the Wharton School of the University of Pennsylvania, and
Co-Director of the Wharton Center for Risk Management and
Decision Processes. Dr. Kleindorfer is the author or co-author
of some 15 books and over 100 research papers in the areas
of managerial economics, regulation and risk management. Dr.
Kleindorfer has consulted with companies and governmental
agencies worldwide on restructuring, regulatory reform and
privatization in the electric sector, as well as telecommunications,
postal service and risk management. Dr. Kleindorfer's recent
research has focused on the structure and operation of financial
instruments in electricity markets. Dr. Kleindorfer holds
a Ph.D. from Carnegie Mellon University.
Tim
Mount is a Professor of Resource Economics at Cornell
University and former Director of the Cornell Institute for
Social and Economic Research. He has done extensive research
on a wide range of issues related to energy and the environment.
He is a pioneer in the use of econometric analysis. For 30
years Dr. Mount has conducted theoretical and applied research
on the use of econometric methods to explain and simulate
behavior in the utility industry. These methods include the
development of complex utility simulation models as well as
the integration of environmental models with energy models.
More recently, he has studied price volatility in re-structured
markets and the relation of spot market dysfunction in California
to forward market prices. Dr. Mount holds a Ph.D. from the
University of California at Berkeley.
William
Schulze is the Robinson Professor of Resource and Environmental
Economics at Cornell University. He is also Director of the
Cornell Laboratory for Experimental Economics and Decision
Research. Dr. Schulze's recent research has included the utilization
of a web-based experimental auction platform to study electricity
market design. He is a well-known expert on the use of contingent
valuation techniques. Dr. Schulze holds a Ph.D. from the University
of California at Riverside.
Robert
J. Thomas is Professor of Electrical Engineering at Cornell
University. He is currently the Director of the National Science
Foundation Industry/ University Cooperative Research Center,
Power Systems Engineering Research Center (PSerc), a Center
focused on problems of restructuring of the electric power
industry. PSerc is comprised of Cornell, Berkeley, Iowa State,
Illinois, Washington State, and Wisconsin universities. Dr.
Thomas is a member of the USDOE Secretary's Power Outage Study
Team (POST) and a member of the Coalition for Electric Reliability
Solutions (CERTS) Management Steering Committee (MSC). He
was the IEEE Transactions on Circuits and Systems Associate
Editor for Power Networks, Graph Theory, and Large-Scale Systems.
He is the author of over 100 technical papers, and two book
chapters. In addition to his work with economists on the operation
of power markets, he maintains an active research agenda in
the areas of analysis and control of nonlinear continuous
and discrete time systems with applications to large-scale
electric power systems. Dr. Thomas is a Fellow of the IEEE
and holds a Ph.D. from Wayne State University.
|
