Photo of Collin  Cain, MSc

Practices

Selected Expertise

  • Auctions
  • Commercial litigation
  • Contract disputes
  • Damages estimation
  • Energy market analysis
  • Independent evaluation
  • Market design
  • Power market modeling and price forecasting
  • Power procurement
  • Risk management
  • Trading and risk management

Selected Industries

  • Carbon
  • Distribution utilities
  • Electricity
  • Energy
  • Fuels
  • Intermittent resources
  • Natural gas
  • Nuclear power
  • Oil and gas
  • Power generation
  • Retail electricity and gas supply

Collin Cain, MSc

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Collin Cain specializes in power market analysis, with applications in investment due diligence, cost-benefit analysis, and forensic analysis in litigation support. He has extensive experience developing energy market pricing and risk analysis models and has applied these models in a variety of consulting assignments to value power supply offers and generation assets and to develop supply hedging strategies. Mr. Cain also applies his expertise in forensic analysis of the conduct and application of forecasts, market evaluation, and risk assessment by contract counterparties. Mr. Cain assists clients in developing regulatory strategies and has provided expert testimony in regulatory, court, and arbitration proceedings. He has undertaken strategic advisory work on issues such as asset divestment, stranded cost recovery, and rate unbundling, and he has consulted on multiple assignments related to nuclear power plant valuation, operations, and regulatory compliance.

Selected Experience

  • Consulting expert to the US Department of Justice in defending claims related to spent nuclear fuel breach of contract in Vermont Nuclear Power Corp. v. United States in the US Court of Federal Claims (Nos. 02898C & 03-2663C) and Portland General Electric Co. v. United States in the US Court of Federal Claims (No. 04-0009C).
  • Directed power market projections and economic benefit analyses in 316(b) assessments for Indian Point Nuclear Power Plant, Salem Generation Station, and Danskammer Point Generating Station.
  • Directed economic analyses and produced white papers on the economic benefits of baseload generation from nuclear power plants on behalf of Exelon Corporation. Benefit analysis examined impacts on wholesale market prices and peak hour power flow impacts. (Separate assignments for 5 nuclear plants: Oyster Creek, Limerick, TMI, Peach Bottom, and proposed restart of Zion.)
  • Expert witness on behalf of the Staff of the Kansas Corporation Commission regarding the benefits and costs of KCP&L’s proposed $1.2 billion environmental retrofit of La Cygne Generating Station (Docket No. 11-KCPE-581-PRE).
  • Expert witness on behalf of the California IOUs regarding damages stemming from the 2000–2001 energy crisis (Los Angeles Superior Court, Case No. BC369141). Calculated damages owed to the plaintiffs by Arizona Electric Power Cooperative arising from AEPCO’s sales into the PX and ISO markets during the FERC-defined Refund Period.
  • Quantified effects on New Jersey energy costs of the prospective merger between PSE&G and Exelon Corp. as part of a comprehensive cost-benefit analysis for the NJ BPU. Effects included wholesale price impacts from changes to nuclear plant availability, direct costs to the state arising from planned staff reductions, and reductions in PSE&G′s regulated cost of service arising from estimated merger synergies.
  • Submitted testimony on behalf of Constellation Energy Commodities Group, Inc. in a complaint proceeding before FERC (Docket No. EL07-47-000) regarding the Illinois electricity supply auction. Analyzed the conduct, bidding behavior, and outcome of the auction, addressing auction structure and rules, as well as allegations of market manipulation.
  • Served as testifying expert and produced an expert report for Oglethorpe Power Corporation (OPC) in litigation proceedings between OPC and LG&E Power Marketing (LG&E) regarding LG&E′s economic analyses prior to entering into a long-term power purchase and sale agreement.
  • Developed RFP documents and evaluation procedures for the Ontario Ministry of Energy′s 2500MW RFP. Directed the economic evaluation of generator proposals, including the development of models used to estimate energy market revenues and contingent capacity support payments, and created analytical tools to evaluate aggregate costs, including transmission upgrade cost impacts, for every possible portfolio of submitted bids.
  • Conducted valuations of all Central Maine Power (CMP) power plants, supporting negotiated sale of generation assets to FPL Energy (FPL). Applied market price forecasts and extensive Monte Carlo analyses to examine multiple transaction scenarios, including the value of retaining hydroelectric facilities as a supply hedge during the transition to competition. FPL agreed to pay $845 million for all of CMP′s non-nuclear generating assets.
     

Education

MSc, Economics, London School of Economics

BA, Economics and Political Science Specialist, University of Toronto