Conducted an analysis of the competitive effects of a merger between electric utilities whose marketing areas were adjacent; matter was reviewed by FERC, the Antitrust Division of the Department of Justice, and the public service commissions of several states; intervention to reduce anticompetitive incentives was determined to be unnecessary.
Conducted competitive analyses; interpreted regulatory factors affecting acquisition targets and industry restructuring; developed national and regional acquisition strategies; and analyzed the strategic fit and value of power plant acquisitions and contracts for a mergers and acquisitions matter regarding the independent power industry.
Oversaw model development and validation, structured transactions evaluation, portfolio risk assessment, stress testing, counterparty potential credit exposure, and collateral requirement estimation for a top energy company.
Participated in the working groups of the Committee of Chief Risk Officers that recommended best practices and emerging practices on valuation and risk metrics, credit risk management, capital adequacy, governance, and disclosure for energy companies.
Managed cross-functional teams responsible for the design and implementation of forward curves, price forecasts, and term structure of volatility and correlation for various commodities in North American regional markets.
Designed and implemented quantitative models for pricing derivative securities, trading strategies, long-term structured deals, and electric generation assets for a leading energy company.
Prepared and defended expert testimony for the Trans Alaska Pipeline and Williams Pipeline rate cases before the FERC. Advised Exxon and implemented internal studies regarding the Dutch Auction financing technique.
Developed Capacity Resource Adequacy Model (CRAM) recommendations for Northeast power markets (ISO-NE, NYISO and PJM). Reviewed the initial CRAM proposal, and developed recommendations for detailed design elements, including planning horizon, commitment period, cost benchmarking, monitoring and mitigation.
Designed the resource RFP and revenue support mechanism for the Ontario Ministry of the Energy’s 2500 MW generation solicitation. This work established a short-term method for inducing new resource investment, consisting of a long-term revenue support mechanism, with cost protections, including netting out imputed energy market revenue, and excess revenue sharing.
Submitted expert testimony on behalf of the Electric Power Supply Association in a FERC proceeding (Re: PJM Interconnection, LLC, Docket No. EL03-236-002). Analyzed and critiqued proposed pivotal supplier tests for market power in PJM identified load pockets.
