PROFESSIONAL EMPLOYMENT

2000-present                 Merrimack Energy Group,  Principal

1988-2000                     Navigant Consulting, Inc.,  Managing Director

1999                                 Babson College, Adjunct Professor, Finance Department

1984-1988                       R.J. Rudden Associates, Inc., Senior Consultant

1983-1984                       Massachusetts Executive Office of Energy Resources, Consultant

1981-1983                       Algonquin Gas Transmission Company, Corporate Planner

1980-1981                       Massachusetts Executive Office of Energy Resources                                                                   Analysis and Regulations Program , Assistant Director

1978-1980                        New England Regional Commission Energy Policy 
                                           Analysis, Coordinator/Senior Economist 

PROFESSIONAL EXPERIENCE

Utility Restructuring

•  Managed several projects for electric and gas utilities on industry restructuring and unbundling initiatives.

• Presented seminars to utilities, trade organizations and conferences on electric utility restructuring strategies and implementation.
• Advised senior management of electric utilities on evaluating and developing strategies enhancing the value of the utility’s assets.

 Competitive Energy Pricing

• Negotiated several special contracts between utilities and customers.
• Developed a market price evaluation methodology and pricing process for a large electric utility for wholesale and retail marketing initiatives.
• Developed approach for resource procurement in a competitive electric market based on portfolio design which incorporates short and long term resources, flexible contract provisions and options.
• Conducted seminars for utilities on the use of risk management techniques and financial derivatives to hedge risks.

 Fuel Supply Acquisition Strategy and Procurement

• Assisted several LDCs and electric utilities with gas procurement activities including direct purchases from suppliers. Activities included development of a supply portfolio plan, design of an RFP for gas supplies, assessment of the need for price and nomination flexibility for contracting, development of the evaluation criteria, and review and evaluation of proposals submitted. Participated in RFP's for both U.S. and Canadian supplies. Responsible for the evaluation of over 100 proposals for gas supply.

• Assisted independent power producers and cogenerators with development of fuel purchase strategies, and implementation of the strategy including identifying producers, suggesting a course of action and negotiation of the fuel purchase contracts and transportation pricing terms and conditions.

• Completed gas procurement strategies and portfolio designs for several electric utilities. Responsibilities included evaluating pipeline and storage options, developing a procurement strategy, and recommending a course of action. The projects involved integrating the production cost and operations of the generation units with gas supply and transportation contracting considerations to develop a least cost strategy.

Power Procurement/Competitive Bidding

• Directed a major study for a large electric utility involving the development of a viability methodology for assessing non-utility generation projects. The approach involved the use of Critical Path methodology to assess project status and probability of success
• Project Manager for the evaluation of supply and demand side bids submitted in response to Commonwealth Edison's RFP for power resources.
• Project Manager for multi-discipline project team serving as third-party evaluator on the power solicitation proposals submitted in response to Delmarva Power, Baltimore Gas and Electric and Duke Power’s RFPs for power supplies.

•  Project Manager responsible for designing and developing supply side RFPs for several electric utilities including Boston Edison, Central and South West Services, Inc., and Duke Power.

• Conducted seminars on the design and evaluation of resource procurement programs for Hydro-Québec, Duke Power Company, Ohio Edison and Korea Electric Power Company.

• Assisted in the preparation of power supply bids on behalf of utility and non-utility clients for five utility solicitations.

• Assisted several utilities with the design and development of an evaluation methodology and development of contract terms for RFP’s for Power Options.

 Energy Market and Economic Policy Studies

• Conducted a number of studies for utility and non-utility clients on the market for power in various regions of the country and in Canada.

• ·Completed a major study for the Government of Canada assessing the economic viability of the New England electric utility market for Canadian power exports. Study included analysis of the market for power, economics of competitive supply sources, transmission capacity issues, and regulatory and institutional factors

• Directed merchant power study for an Independent Power Producer assessing the market price of power for the uncommitted capacity from the project as a form of merchant power. Study components included analysis of the competitive market price in both the short and long term, definition of need for capacity and energy, risk assessment of key market factors, and project dispatch analysis.

• Assisted in the completion of a gas market study for a proposed natural gas pipeline project assessing the potential of the Northeast market for Canadian gas.
• Assisted major utility with developing a marketing package, including pricing and contract options, for a slice of system capacity sale.

 Strategic Planning and Analysis

• ·Assisted in a strategic planning study for a major international coal company with the goal of developing strategies to increase market share within the electric power industry.

• ·Completed a strategic planning study for a major electric utility assessing the opportunities for the company in the changing natural gas market, including fuel purchasing strategies, and gas fired cogeneration and combined cycle opportunities.

• ·Prepared economic forecasts and strategic plans for a gas transmission company.

• ·Conducted several seminars for senior management of pipeline companies and electric utilities on opportunities and challenges for gas use in electric generating facilities.

• ·Assisted several local gas distribution companies with development and implementation of gas supply/transportation procurement strategies in response to FERC Order No. 636.

 Forecasting and Modeling

• ·Managed the development of a monthly demand forecasting model for each rate class for LDCs using both econometric and end-use modeling techniques as part of its integrated resource planning process.

• ·Developed integrated planning and forecasting system for a small electric utility. The system was comprised of production cost, generation planning, cost of service, demand forecasting and rate design modules.

• ·Assisted in econometric research study of the capital structure of a large combination utility.

• Developed an electric rate forecasting model integrating production cost projections with a cost-of-service model for a large industrial client for purposes of projecting the electricity costs for the utility over a five-year time horizon.

Cost of Service/Rate Design

• Submitted testimony before the Federal Energy Regulatory Commission on pipeline rate and cost allocation issues in Penn York Energy Corporation and Great Lakes Gas Transmission Limited Partnership rate cases.

• Replicated and critiqued several electric and gas cost of service models for rate case intervention dealing with cost allocation, revenue requirements and rate design issues.

• Conducted analysis, prepared and assisted in testimony preparation for a number of gas pipeline and storage rate cases before the Federal Energy Regulatory Commission.

 Financial Analysis

• Assisted in the preparation of a financial and economic feasibility study of a cogeneration project for a consortium of banks.

• Completed risk assessment study of the power supply agreement and market for power for a cogeneration project located in New England. The study was conducted for a major Boston bank.

• Prepared several financial pre-feasibility studies of proposed cogeneration projects for utilities, independent power producers and industrials.

• Directed several studies on power needs and competitive costs of power supply options for large independent power producers for project applications before regulatory authorities.

EDUCATION

Northeastern University, Completed Doctoral Course work, Economics, 1977

Northeastern University, M.A., 1976

Assumption College, B.A., 1973

OTHER

Past Chairman, Massachusetts Natural Gas Task Force.

Adjunct Professor, Department of Finance, Babson College; Courses taught include Risk Management, Options and Future

Instructor/Lecturer, Department of Economics, Northeastern University; Statistics, Energy Economics, Forecasting Techniques, International Economics.