Pfeifenberger 034 edited
Biography
Testimony
Publications

Mr. Pfeifenberger is an economist with a background in electrical engineering and over twenty-five years of experience in the areas of electricity markets, regulation, and finance. He has assisted clients in the formulation of business and regulatory strategy, submitted expert testimony to the U.S. Congress, courts, arbitration panels, and regulatory agencies around the world, and provided support in mediation, arbitration, settlement, and stakeholder processes.

Mr. Pfeifenberger specializes in electricity market design, utility industry regulation, transmission, financial valuation, energy industry litigation, and business strategy.

On behalf of his clients, Mr. Pfeifenberger has addressed resource adequacy and capacity market designs, the economic benefits and cost allocation of transmission projects, the reasons behind rate increases, implications of restructuring policies, competitive conduct in electric power markets, and the effects of proposed mergers. He has also explored the benefits of alternative regulation, the desirability of settlement proposals, and the impact of regulatory and legislative actions in the context of evolving market conditions.

He is retained frequently by counsel to testify in regulatory and litigation cases or provide litigation support, including identifying and coordinating expert witnesses and assistance with discovery, depositions, and cross examination on economic or highly technical industry matters.

Before joining The Brattle Group, Mr. Pfeifenberger was a Consultant for Cambridge Energy Research Associates and a Research Assistant at the Institute of Energy Economics at the University of Technology in Vienna, Austria.

Presentation
February 7, 2017
Presented at the Wind Power Finance & Investment Summit
Presentation
December 8, 2016
Published by The Brattle Group, Inc.

This Brattle presentation illustrates how the U.S. electric power industry has been investing in renewable resources well beyond states’ renewable portfolio standards (RPS) and targets.

Presentation
Electricity Market Restructuring: Where Are We Now?
December 6, 2016
Presented to the NCSL Energy Policy Forum
Report
December 1, 2016
Prepared for Basin Electric Power Cooperative; Black Hills Corporation; Colorado Springs Utilities; Platte River Power Authority; Public Service Company of Colorado; Tri-State Generation and Transmission Cooperative; and Western Area Power Administration

This report analyzes how different market structures could alter production costs in the combined service areas of the Mountain West Transmission Group entities.

Presentation
November 3, 2016
Presented at Law Seminars International's (LSI) 18th Annual Conference on Electric Power in California
Presentation
Western Regional Market Developments: Impact on Renewable Generation Investments and Balancing Costs
October 19, 2016
Presented at the 9th Annual Large Solar Conference
Presentation
October 6, 2016
Presented at the Energy Bar Association's (EBA) 2016 Mid-Year Energy Forum
Report
Comments of Mr. Johannes P. Pfeifenberger and Ms. Judy Chang to the Federal Energy Regulatory Commission Regarding Competitive Transmission Development Technical Conference (Docket No. AD16-18-000)
October 3, 2016
Prepared for the Federal Energy Regulatory Commission
Article
Improved Transmission Planning for a Carbon-Constrained Future
September 1, 2016
Published on Brink

An article examining the need for improved transmission planning that increases flexibility to comply with evolving future regulations, while meeting anticipated policy goals at lower costs and lower risks for customers.

Report
July 12, 2016
Prepared for the California Independent System Operator. Co-authored by members of The California Independent System Operator, Energy and Environmental Economics, Inc., Berkeley Economic Advising and Research, LLC, and Aspen Environmental Group.
Presentation
Well-Planned Electric Transmission Saves Customer Costs: Improved Transmission Planning is Key to the Transition to a Carbon-Constrained Future
June 6, 2016
Presented to WIRES
Report
June 2016
Prepared for WIRES
Article
May 5, 2016
Sent to the U.S. Government Accountability Office (GAO)
Report
Benefits of the Southwest Intertie Project-North (SWIP North)
March 31, 2016
Prepared for Great Basin Transmission, LLC
Presentation
Transmission Has a Critical Role in Clean Power Plan Compliance (and Operating in Other Futures)
January 20, 2016
Presented to WestConnect PMC Meeting
Presentation
PJM Capacity Auction Results and Market Fundamentals
September 18, 2015
Prepared for the Bloomberg Analyst Briefing
Presentation
Toward More Effective Transmission Planning
August 21, 2015
Presented at the EEI Energy Delivery Public Policy Executive Advisory Meeting, Boston, MA
Presentation
Transmission: A Valuable Investment for New England’s Energy Future
July 23, 2015
Presented at the New England Energy Policy Discussion, Boston, MA
Presentation
Investment Trends and Fundamentals in U.S. Transmission and Electricity Infrastructure
July 17, 2015
Presented to the JP Morgan Investor Conference
Presentation
Hidden Values, Missing Markets, and Electricity Policy: The Experience with Storage and Transmission
June 25, 2015
Presented at the Harvard Electricity Policy Group 79th Plenary Session, Washington, DC
Report
Lake Erie Connector Market Assessment Report
May 2015
Prepared for ITC Lake Erie Connector LLC
Presentation
Impacts of Distributed Storage on Electricity Markets, Utility Operations, and Customers
May 1, 2015
Presented at the 2015 MIT Energy Initiative Associate Member Symposium
Presentation
Transmission As a Market Enabler: The Costs and Risks of an Insufficiently Flexible Electricity Grid
April 21, 2015
Presented at WIRES University, "Electric Transmission--The Survey Course," Washington, DC
Report
Toward More Effective Transmission Planning: Addressing the Costs and Risks of an Insufficiently Flexible Electricity Grid
April 2015
Prepared for WIRES
Presentation
Emerging Business Models for Non-Incumbent Transmission Projects
March 12, 2015
Presented at the 18th Annual INFOCAST Transmission Summit 2015, Washington, DC
Report
The Value of Distributed Electricity Storage in Texas - Proposed Policy for Enabling Grid-Integrated Storage Investments (Full Technical Report)
March 2015
Ioanna Karkatsouli, James Mashal, Lauren Regan, Judy Chang, Matthew K. Davis, Johannes P. Pfeifenberger, and Kathleen Spees
Prepared for Oncor
Presentation
The Value of Distributed Electrical Energy Storage in Texas: Proposed Policy for Enabling Grid-Integrated Storage Investments
January 29, 2015
Presented at the Energy Storage Policy Forum 2015, Washington, DC
Report
Nebraska Renewable Energy Exports: Challenges and Opportunities
December 12, 2014
Prepared for the Nebraska Power Review Board
Presentation
Nebraska Renewable Energy Export (LB 1115) Study
December 12, 2014
Presented to the Nebraska Power Review Board
Presentation
Dynamics and Opportunities in Transmission Development
December 2, 2014
Presented to TransForum East, Washington, DC
Report
The Value of Distributed Electricity Storage in Texas: Proposed Policy for Enabling Grid-Integrated Storage Investments
November 10, 2014
Prepared for Oncor
Report
Stakeholder-Driven Scenario Development for the ERCOT 2014 Long-Term System Assessment
September 30, 2014
Prepared for ERCOT
Presentation
Resource Adequacy Requirements, Scarcity Pricing, and Electricity Market Design Implications
July 2, 2014
Presented at the IEA Electricity Security Advisory Panel, Paris, France
Report
Cost of New Entry Estimates for Combustion Turbine and Combined Cycle Plants in PJM
May 15, 2014
Samuel A. Newell, Michael Hagerty, Kathleen Spees, Johannes P. Pfeifenberger, Quincy Liao, Christopher D. Ungate, and John Wroble
Prepared for PJM Interconnection, L.L.C.
Report
Third Triennial Review of PJM’s Variable Resource Requirement Curve
May 15, 2014
Johannes P. Pfeifenberger, Samuel A. Newell, Kathleen Spees, Ann Murray, and Ioanna Karkatsouli
Prepared for PJM Interconnection, L.L.C.
Presentation
Contrasting Competitively-Bid Transmission Investments in the U.S. and Abroad
May 13, 2014
Presented at a UBS Conference Call
Presentation
Transmission To Capture Geographic Diversity of Renewables: Cost Savings Associated with Interconnecting Systems with High Renewables Penetration
May 6, 2014
Presented to TransForum West, San Diego, CA
Presentation
Energy and Capacity Markets: Tradeoffs in Reliability, Costs, and Risks
February 27, 2014
Presented at the Harvard Electricity Policy Group Seventy-Fourth Plenary Session
Report
Estimating the Economically Optimal Reserve Margin in ERCOT
January 31, 2014
Samuel A. Newell, Kathleen Spees, Johannes P. Pfeifenberger, Ioanna Karkatsouli, Nick Wintermantel, and Kevin Carden
Prepared for The Public Utility Commission of Texas
Presentation
Competition in Transmission Planning and Development: Current Status and International Experience
January 31, 2014
Prepared for the EUCI's Tranmission Policy: A National Summit
Article
Using Virtual Bids to Manipulate the Value of Financial Transmission Rights
November 2013
Published in The Electricity Journal, Vol. 26, Issue 9
Presentation
Characteristics of Successful Capacity Markets
October 31, 2013
Presented at the APEx Conference 2013, New York, NY
Report
Recommendations for Enhancing ERCOT’s Long-Term Transmission Planning Process
October 2013
The Brattle Group, Inc., prepared for The Electric Reliability Council of Texas (ERCOT)
Presentation
Trends and Benefits of Transmission Investments: Identifying and Analyzing Value
September 26, 2013
Presented to the CEA Transmission Council, Ottawa, Canada
Presentation
Examining Hydroelectricity’s Potential Role in the Alberta Market: Impacts of Market Structure and Economics
September 24, 2013
Presented at the Alberta Power Symposium, Calgary
Report
Resource Adequacy Requirements: Reliability and Economic Implications
September 2013
Johannes P. Pfeifenberger, Kathleen Spees, Kevin Carden, and Nick Wintermantel
Prepared for the Federal Energy Regulatory Commission (FERC)
Article
Capacity Markets — Lessons Learned from the First Decade
September 2013
Published in Economics of Energy & Environmental Policy, Vol. 2, No. 2
Presentation
Outlook on Fundamentals in PJM’s Energy and Capacity Markets
August 8, 2013
Presented at the 12th Annual Power and Utility Conference, Hosted by Goldman Sachs
Report
The Benefits of Electric Transmission: Identifying and Analyzing the Value of Investments
July 2013
Published by Working group for Investment in Reliable and Economic electric Systems (WIRES)
Presentation
Making Energy-Only Markets Work: Market Fundamentals and Resource Adequacy in Alberta
June 13, 2013
Presented at the Harvard Electricity Policy Group Meeting, Calgary
Report
Potential Implications of the AUC TCM Decision (2013-135) on the Alberta Electricity Market’s Economic Efficiency
May 2013
Johannes P. Pfeifenberger, Judy Chang, and Michael DeLucia
Prepared for Alberta Electric System Operator
Presentation
Independent Transmission Companies: Business Models, Opportunities, and Challenges
April 23, 2013
Presented at the American Antitrust Institute's 13th Annual Energy Roundtable, Washington, DC
Report
Integrated System Nodal Study: Costs & Revenues of ISO Membership
March 8, 2013
Prepared for Basin Electric Power Cooperative, Heartland Consumers Power District, and the Western Area Power Administration
Report
Evaluation of Market Fundamentals and Challenges to Long-Term System Adequacy in Alberta’s Electricity Market: 2013 Update
March 2013
Prepared for the Alberta Electric System Operator
Presentation
Structural Challenges with California’s Current Forward Procurement Construct
February 26, 2013
Presented at the CPUC and CAISO Long-Term Resource Adequacy Summit
Article
Bridging the Seams: Interregional planning under FERC Order 1000
November 2012
Published in Public Utilities Fortnightly
Presentation
Interregional Cost Allocation: A Flexible Framework to Support Interregional Transmission Planning
October 11, 2012
Presented to the Harvard Electricity Policy Group
Report
Resource Adequacy in California: Options for Improving Efficiency and Effectiveness
October 2012
Prepared for Calpine
Presentation
Transmission Investment Trends and Planning Challenges
August 8, 2012
Presented at the EEI Transmission and Wholesale Markets School, Madison, WI
Presentation
Seams Inefficiencies: Problems and Solutions at Energy Market Borders
July 27, 2012
Presented at the EUCI Canadian Transmission Summit
Presentation
The Economics of Reliability and Resource Adequacy Planning
June 12, 2012
Presented at the Mid-America Regulatory Conference, Des Moines, IA
Report
ERCOT Investment Incentives and Resource Adequacy
June 1, 2012
Prepared for the Electric Reliability Council of Texas
Presentation
Resource Adequacy
May 23, 2012
Presented at the IRC Board Conference, Dallas, TX
Report
Review of EIPC’s Phase 1 Report
May 22, 2012
Prepared for the Working Group for Investment in Reliable and Economic Electric Systems (WIRES)
Presentation
Using Virtual Bids to Manipulate the Value of Financial Transmission Rights
May 3, 2012
Presented at the USAEE/IAEE Annual Conference, Austin, TX, and available at the Harvard Policy Energy Group
Presentation
Seams Cost Allocation: A Flexible Framework to Support Interregional Transmission Planning
April 23, 2012
Johannes P. Pfeifenberger and Delphine Hou
Presented at the SPP RSC Quarterly Meeting
Report
Seams Cost Allocation: A Flexible Framework to Support Interregional Transmission Planning
April 2012
Johannes P. Pfeifenberger and Delphine Hou
Prepared for Southwest Power Pool Regional State Committee
Article
Transmission’s True Value: Adding up the benefits of infrastructure investments
February 2012
Johannes P. Pfeifenberger and Delphine Hou
Published in Public Utilities Fortnightly
Presentation
Modernizing America’s Grid: How can better planning deliver the grid we need?
January 23, 2012
Presented at the New England Clean Energy Transmission Summit, Boston, MA
Article
Trusting Capacity Markets: Does the lack of long-term pricing undermine the financing of new power plants?
December 2011
Published in Public Utilities Fortnightly
Presentation
Reliability and Economics: Separate Realities or Part of the Same Continuum?
December 1, 2011
Presented at the Harvard Electricity Policy Group
Presentation
Resource Adequacy: Current Issues in North American Power Markets
November 29, 2011
Prepared for the Alberta Power Summit
Report
Summary of Transmission Project Cost Control Mechanisms in Selected U.S. Power Markets
October 2011
Johannes P. Pfeifenberger and Delphine Hou
Prepared for the Alberta Electric System Operator
Presentation
Transmission Cost Allocation and Cost Recovery in the West
September 19, 2011
Presented at the Transmission Executive Forum WEST 2011, Strategies for Meeting the Transmission Needs in the West
Report
Second Performance Assessment of PJM's Reliability Pricing Model: Market Results 2007/08 through 2014/15
August 26, 2011
Johannes P. Pfeifenberger, Samuel A. Newell, Kathleen Spees, Attila Hajos, and Kamen Madjarov
Prepared for PJM Interconnection
Report
Cost of New Entry Estimates For Combustion Turbine and Combined-Cycle Plants in PJM
August 24, 2011
Prepared for PJM Interconnection
Presentation
Second RPM Performance Assessment and CONE Study
August 18, 2011
Prepared for PJM Interconnection
Article
Restructuring Realities: Can higher electricity prices be more affordable?
July 2011
Published in Public Utilities Fortnightly
Report
Employment and Economic Benefits of Transmission Infrastructure Investment in the U.S. and Canada
May 2011
Johannes P. Pfeifenberger and Delphine Hou
Presented by WIRES in conjunction with The Brattle Group, Inc.
Report
Evaluation of Market Fundamentals and Challenges to Long-Term System Adequacy in Alberta’s Electricity Market
April 2011
Prepared for the Alberta Electric System Operator by The Brattle Group, Inc.
Report
The Economics of Resource Adequacy Planning: Why Reserve Margins Are Not Just About Keeping the Lights On
April 2011
Kevin Carden, Nick Wintermantel, and Johannes P. Pfeifenberger
Published by National Regulatory Research Institute
Report
Demand Response Review
March 2011
Johannes P. Pfeifenberger and Attila Hajos
Prepared for Alberta Electric System Operator (AESO)
Article
The Value of Resource Adequacy: Why reserve margins aren't just about keeping the lights on
March 2011
Kevin Carden, Johannes P. Pfeifenberger, and Nick Wintermantel
Published in Public Utilities Fortnightly
Presentation
Easier Said Than Done: The Continuing Saga of Transmission Cost Allocation
February 24, 2011
Presented to Harvard Electricity Policy Group
Presentation
Transmission Investments and Cost Allocation: What are the Options?
October 26, 2010
Presented at the ELCON Fall Workshop
Presentation
Renewable Energy Development and Transmission Expansion – Who Benefits and Who Pays
October 12, 2010
Presented at the EUCI Conference
Presentation
Resource Adequacy and Renewable Energy in Competitive Wholesale Electricity Markets
September 23, 2010
Presented at the 8th Annual British Institute of Economics Academic Conference
Presentation
Incentive Regulation: Introduction and Context
May 26, 2010
Presented at AUC PBR Workshop
Presentation
Incentive Regulation: Lessons from other Jurisdictions
May 26, 2010
Presented at Alberta Utilities Commission Performance Based Ratemaking workshop, the Van Horne Institute
Report
Job and Economic Benefits of Transmission and Wind Generation Investments in the SPP Region
March 2010
Johannes P. Pfeifenberger, Judy Chang, Delphine Hou, and Kamen Madjarov
Prepared for the Southwest Power Pool
Presentation
Transmission Investment Needs and Cost Allocation: New Challenges and Models
December 2009
Presented to Federal Energy Regulatory Commission Staff
Report
A Comparison of PJM's RPM with Alternative Energy and Capacity Market Designs
September 2009
Prepared for PJM Interconnection
Report
Assessment of a Maine ISA Structure as a Possible Alternative to ISO-NE Participation
May 2009
Ken Belcher, Johannes P. Pfeifenberger, Judy Chang, and Delphine Hou
Prepared for Central Maine Power Company and the Industrial Energy Consumer Group.
Newsletter
When Sparks Fly: Economic Issues in Complex Energy Contract Litigation
2009
Published by The Brattle Group, Inc.
Report
Review of PJM's Reliability Pricing Model (RPM)
June 30, 2008
Prepared for PJM Interconnection, L.L.C.
Report
Review of PJM’s Market Power Mitigation Practices in Comparison to Other Organized Electricity Markets
September 2007
Prepared for PJM Interconnection by The Brattle Group, Inc.
Article
Restructuring Revisited: What we can learn from retail-rate increases in restructured and non-restructured states
June 2007
Published in Public Utilities Fortnightly
Presentation
Financial Challenges of Rising Utility Costs and Capital Investment Needs
November 14, 2006
Presented at the 2006 NASUCA Annual Meeting, Miami, FL
Article
Behind the Rise in Prices
July 2006
Published in Electric Perspectives
Report
Why Are Electricity Prices Increasing? An Industry-Wide Perspective
June 2006
Published by The Edison Foundation
Article
Innovative Regulatory Models to Address Environmental Compliance Costs in the Utility Industry
2005
Published in ABA Energy Committees Newsletter
Article
Keeping Up with Retail Access? Developments in U.S. Restructuring and Resource Procurement for Regulated Retail Service
December 2004
Published in The Electricity Journal
Article
21st Century ROEs: What Is Reasonable?
October 15, 2003
Johannes P. Pfeifenberger and Mark W. Jenkins
Published in Public Utilities Fortnightly
Article
Efficiency as Discovery Process: Why Enhanced Incentives Outperform Regulatory Mandates
January 2003
Johannes P. Pfeifenberger and Dennis L. Weisman
Published in The Electricity Journal
Article
Big City Bias: The Problem with Simple Rate Comparisons
December 2002
Johannes P. Pfeifenberger and Mark W. Jenkins
Published in Public Utilities Fortnightly
Article
REX Incentives: PBR Choices that Reflect Firms' Performance Expectations
November 2001
Published in The Electricity Journal
Article
The State of Performance-Based Regulation in the U.S. Electric Utility Industry
October 2001
Published in The Electricity Journal
Article
Netzzugang in Deutschland im internationalen Vergleich (International Benchmarking of German Transmission Access)
July 1999
Published in Energiewirtschaftliche Tagesfragen
Article
What's in the Cards for Distributed Resources?
May 1998
Published in The Energy Journal
Article
Handle With Care: A primer on incentive regulation
September 1995
Published in Energy Policy
Article
The Enigma of Stigma: The Case of the Industrial Excess Landfill
1994
Published in Toxics Law Reporter
Article
It’s Time For A Market-based Approach to DSM
May 1993
Published in The Electricity Journal