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Summary

Collin Cain specializes in economic evaluation of utility transmission and generation investment, power supply procurement, and market power. He has extensive experience in developing energy market pricing and risk analysis models and has applied these models in a variety of consulting assignments to value generation assets and power supply contracts and to develop supply hedging strategies. Mr. Cain assists clients in developing regulatory strategies and has provided expert testimony in both regulatory and private legal proceedings. He has undertaken strategic advisory work on issues such as asset divestment, stranded cost recovery, and rate unbundling. 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 has provided expert testimony on market power, supply procurement, power market modeling, cost/benefit analysis, cost allocation, contract damages, and energy market bidding behavior. He has undertaken strategic advisory work on issues such as plant valuation, asset divestment, stranded cost recovery, and rate unbundling. Mr. Cain's expertise includes market design, regulatory analysis, and auction development and implementation.

Education

MSc, Economics, London School of Economics

BA, Economics and Political Science Specialist, University of Toronto

Practices

Selected Work

Selected Experience

  • Provided expert testimony on behalf of the Kansas Corporation Commission Staff regarding the proposed acquisition of 800 MW of wind generation by Empire District Electric Company. 

  • Provided affidavit in FERC proceedings on behalf of the Electric Power Supply Association regarding proposed modifications to the PJM capacity market auctions.  

  • Provided expert testimony on behalf of the US government regarding offsets to damages claimed by Alabama Power Company and Georgia Power Company resulting from the government's partial break of the spend nuclear fuel "Standard Contract."

  • Submitted testimony on behalf of Constellation Energy Commodities Group, Inc. in a complaint proceeding before FERC regarding the Illinois electricity supply auction.  

  • Submitted affidavit on behalf of the Electric Power Supply Association in FERC's Grid Reliability and Resilience Pricing docket. 

  • On behalf of Mississippi Public Service Commission, evaluated costs and benefits of Entergy's proposal to join the Midwest Independent System Operator regional transmission organization. 

  • Evaluated proposed spin-merge of Entergy's transmission assets to ITC Holdings Corp. and advised the Mississippi Public Service Commission on the costs and benefits to Mississippi.

  • Conducted economic assessment of KCP&L's proposed $1.2 billion environmental retrofit of La Cygne Generating Station and testified before the Kansas Corporation Commission.  

  • Quantified effects on New Jersey energy costs of the prospective merger between PSEG and Exelon Corp. as part of a comprehensive cost/benefit analysis for the NJ BPU. 

  • Provided expert testimony on behalf of Catalyst Paper Operations, Inc., presenting an analysis of FERC's market power screens.

  • Submitted testimony at FERC on behalf of the Mississippi Public Service Commission regarding the allocation of settlement benefits among the Entergy operating companies.

  • Conducted independent validation of Southern California Edison's internal power supply risk assessment model.

  • Calculated damages and submitted expert testimony on behalf of PG&E, SCE, and SDG&E in separate cases before the US Court of Federal Claims and Los Angeles Superior Court regarding unresolved claims stemming from energy sales by defendants into the PX and ISO markets.

  • Developed RFP documents and evaluation procedures for the Ontario Ministry of Energy's 2500MW RFP

  • Testified and produced expert report for OPC in arbitration proceedings between OPC and LG&E Power Marketing regarding LG&E's valuation of cola supply contracts.

  • Managed Data and Rate Design Committees and Backup Bidding Team for annual auctions of New Jersey Basic Generation Service.

  • Advised Ontario Power Authority in generator contract dispute arising from rule modifications by the Independent Electric System Operator. 

  • Developed forecast model of the CFE (Mexican electric utility) short-run cost of generation in support of the acquisition of a large-scale wind project in Oaxaca, Mexico.  

  • As an advisor to a major capital finance equity, evaluated project financial model for a proposed hydroelectric generation project in western Mexico.

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