An analysis of the electricity generation sector and coal market by an economist at The Brattle Group finds that the Trump Administration’s energy and environmental policy initiatives tend to favor natural gas as a generation fuel, likely reducing coal production and mining employment.
With support from economists at The Brattle Group, the London Court of International Arbitration (LCIA) has released a new analysis on costs and duration, which will help users determine which institution is best placed to administer a particular case.
Brattle’s client, the Securities and Exchange Commission (SEC), secured a summary judgment in Securities and Exchange Commission v. Janus Spectrum LLC et al.
In the first of a series of papers examining key economic, regulatory, and legal issues related to target date funds (TDFs), Brattle experts Chris Laursen, Ioannis Gkatzimas, and Branko Jovanovic provide an overview of TDFs, report on significant market trends, and summarize recent related litigation.
On September 21, 2017 Facebook’s board of directors voted to abandon the pending reclassification of the company’s common stock.
A team of Brattle experts has been engaged by National Grid Electricity Transmission to study the potential of topology optimization to aid in increasing transfer capability and reducing constraint management costs in the Great Britain Transmission System.
The Brattle Group is pleased to announce that Eliana Garcés, former Deputy Chief Economist at the European Commission, has joined the firm’s Washington, DC office as a principal.
Brattle economists will manage a Request for Proposal (RFP) process to purchase 71,000 Solar Photovoltaic Alternative Energy Certificates (SPAECs) annually over a two-year period on behalf of three of FirstEnergy’s Pennsylvania Utilities, including Pennsylvania Power Company, Pennsylvania Electric Company, and Metropolitan Edison Company.
Brattle Associate Haris Tabakovic is the recipient of the Harvard University Spring 2017 Distinction in Teaching Award for his course “Innovation and Intellectual Property.”
A report released today by Brattle economists finds that operating batteries to simultaneously capture benefits from multiple value streams (i.e., “stacked benefits”) could unlock significantly more value than using batteries to target only individual applications.
In the second instalment of Brattle’s Retail Energy Practice Briefing Series, Brattle economists examine how “Utility of the Future” (UoF) developments could affect the measurement and compensation of business, regulatory, and other risks of a utility, especially as measured in its cost of capital.
The Brattle Group is pleased to announce the promotions of Lucia Bazzucchi, Francesca Mazzarella, Akarsh Sheilendranath, Mike Tolleth, and John Tsoukalis to Senior Associate.
Brattle Principal Pallavi Seth has been appointed as Chair of the International Trade Commission (ITC) Committee, part of the American Bar Association’s (ABA) Section of Intellectual Property Law (ABA-IPL), for the upcoming 2017-2018 membership year.
The Brattle Group has been recognized as one of the 10 best consulting firms to work for in the 2017 Vault Consulting 50. For the fourth consecutive year, Brattle ranked highest among all economic consulting firms.
Principal Agustin J. Ros has authored an article published in The Energy Journal that estimates electricity demand elasticity for different customer classes as well as the price effects from unbundled wholesale generation in conjunction with retail competition in the United States during the period 1972-2009.
Brattle Principal Andrew Abere was recently interviewed in the Law360 article, “Tips for Working With Economics Experts in Antitrust Cases,” outlining key pieces of advice on the most effective use of experts in antitrust litigation.
A report authored by Brattle economists and prepared for the New York Independent System Operator (NYISO) finds that adding a carbon charge into the wholesale energy market could improve the state’s ability to meet its decarbonization goals cost-effectively. The study reveals that refunding collected carbon revenues back to customers results in minimal impact on customer electricity costs compared to current policies.
Academic Advisor Joshua Gans and economists Ajay Agrawal and Avi Goldfarb are featured in a recent WSJ article for their research in artificial intelligence (AI) and machine learning.
The Chicago Booth Review, a publication by the University of Chicago’s Booth School of Business, recently cited a working paper co-authored by Brattle Associate Haris Tabakovic and Chicago Booth Professor Thomas Wollmann in an article addressing the transfer of people between government and industry positions, and new revelations in data indicating the potentially harmful effects of this “revolving door” of employment.
Brattle economists Lisa Cameron and Jeremy Verlinda and Academic Advisors Greg Allenby and Peter Rossi have recently contributed the article “Calculating Reasonable Royalty Damages Using Conjoint Analysis” to the American Intellectual Property Law Association Quarterly Journal.
In the recently-concluded U.S. Tax Court cases Guy R. Baxter & Lonnie C. Baxter v. Commissioner of Internal Revenue and Curtis Investment Company, LLC, Henry J. Bird, a partner other than the tax matters partner v. Commissioner of Internal Revenue, the judge cited the testimony of Brattle Principal Emeritus A. Lawrence Kolbe in his opinion, ruling in favor of the Internal Revenue Service (IRS).
In a new article published in the American Bar Association’s (ABA) Transportation and Energy Industries Digest, Brattle economists Shaun Ledgerwood and Jeremy Verlinda review two recent energy-related manipulation cases where the plaintiffs claimed antitrust harms, but received very different outcomes following Motions to Dismiss.
Brattle Principal Bruce Tsuchida has contributed a chapter to the second edition of Renewable Energy Integration: Practical Management of Variability, Uncertainty, and Flexibility in Power Grids.
The Brattle Group is pleased to announce that Chris Polson, a valuation and commercial damages expert, has joined the firm’s Toronto office as a principal.
Brattle economists Elaine Buckberg, Steven Herscovici, James Reitzes, and Branko Jovanovic have authored a Law360 article addressing claims from recent studies that competition is adversely affected when “institutional investors hold significant shares in multiple firms within a ‘concentrated’ industry.”
The Brattle Group is pleased to announce that competition and securities expert Dr. Guy Ben-Ishai has joined the firm’s New York office as a principal.
In a recent ruling from Judge Halpern of the United States Tax Court, a deduction claimed by RERI Holdings I, LLC for a 2003 donation to the University of Michigan was denied, with the Court upholding penalties for a gross valuation misstatement.
Brattle economists have authored a report discussing how the wireless infrastructure industry will impact the U.S. economy in the coming years, as mobile wireless services and networks continue to expand.
Brattle economists have co-authored a report that quantifies the system value of time-of-use (TOU) tariffs in Great Britain and explores consumer preferences for TOU tariffs.
The Brattle Group is pleased to announce the promotion of Florin Dorobantu to principal. Dr. Dorobantu specializes in valuation and structured finance issues with a focus on international arbitration.
A report by Brattle Principals Mark Berkman and Jürgen Weiss evaluates the economic, jobs, and environmental impacts of the Rhode Island Renewable Energy Growth (REG) Program for years 2015 and 2016, as well as the expected impact of the overall program between 2015 and 2019.
Brattle's Retail Energy Practice is producing a series of briefs that provide an integrated view into potential utility responses to the challenges and trends associated with the “Utility of the Future” (UoF).
A report by Brattle economists outlines the key reliability challenges and defines the attributes in which electric grid operators should focus on in order to maintain and strengthen system reliability.
Brattle economists have released a report explaining how the use of the term “baseload” generation is no longer useful for the purposes of planning and operating today’s electricity system.
Brattle Principal Renée Duplantis and Consultant Ian Cass have published an article in the recent issue of Concurrences Law & Economics that discusses the current legal framework for competition and merger reviews in Canada and the growing interest in incorporating non-price effects into competition assessments.
The Brattle Group is pleased to announce that regulatory economist Dr. Agustin (Augie) Ros has joined the firm’s Boston, MA office as a principal.
Brattle economists have contributed two articles to the current issue of Energy Regulation Quarterly, a journal that provides a forum for debate and discussion on issues surrounding the regulated energy industries in Canada.
The Brattle Group congratulates our client Naftogaz, the national oil and gas company of Ukraine, in the successful set-aside of take-or-pay claims in the arbitration over their gas supply contact with Russia’s Gazprom.
Renée Duplantis has been recognized by Who’s Who Legal as a future leader in competition economics.
The Brattle Group is pleased to announce that we have relocated our corporate headquarters to One Beacon Street in downtown Boston.
An initial decision by the FERC, finding that Sunoco Pipeline L.P. discriminated against BP Products North America Inc., relied extensively on testimony and evidence submitted by Brattle Principal Steve Levine.
In an interview published in the ABA's Perspectives in Antitrust, Brattle economists Michelle Cleary and Lisa Cameron discussed interoperability, disruption, and antitrust with Professor Joshua Gans.
Spain has lost the first of the international arbitration claims under the Energy Charter Treaty, arising from the application to thermal solar investors of certain changes to the Spanish regulatory framework for renewable installations. The International Centre for the Settlement of Investment Disputes (ICSID) has rendered an €128 award in favor of the British-based Eiser Infrastructure Limited and its affiliate Energia Solar Luxembourg S.à r.I., which own three 50 MW thermo-solar power plants in Spain, ASTEXOL-2, ASTE 1A, and ASTE 1B.
The Brattle Group has been recognized in AdvisoryHQ’s list of Top 6 Best Economic Consulting Firms.
Brattle Principal Elaine Buckberg recently co-authored an article in the Infrastructure Policy Issue of Public Works Financing, which presents a short-list of federal infrastructure financing policy options.
In responses to questions posed at today’s Federal Energy Regulatory Commission (FERC) Technical Conference, Brattle Principal Dr. Samuel Newell describes how wholesale power markets and state policies can work together to achieve decarbonization objectives and reliability objectives at a low cost.
Brattle Principals Bente Villadsen, Michael Vilbert, and Dan Harris, and Principal Emeritus A. Lawrence Kolbe have authored a new book that examines the topic of cost of capital for regulated industries.
Brattle economists have authored a report that concludes the Independent Electricity System Operator’s (IESO) proposed Market Renewal efforts to reform the province’s wholesale electricity markets could provide significant benefits to customers and suppliers in Ontario.
Global Arbitration Review (GAR), a leading resource on international arbitration news and intelligence, named The Brattle Group as one of the most active firms in expert witness services in the field of international arbitration.
A report by Brattle economists finds that Ohio’s nuclear energy plants will contribute approximately $510 million to the state gross domestic product (GDP) over the next ten years (2018-2027), in addition to other economic and societal benefits.
Dr. Michael Goldstein, a professor of finance at Babson College and an Academic Advisor to The Brattle Group, co-authored a paper for the American Geophysical Union (AGU) assessing the monetary value of seasonal snow.
Brattle Principals Judy Chang and Johannes Pfeifenberger, and Associate John Tsoukalis have authored a report that analyzes how different market structures could alter production costs in the combined service areas of the Mountain West Transmission Group entities.
Brattle economists have co-authored an article published in Utilities Policy that discusses how low-cost solar photovoltaics (PV) and battery electricity storage can potentially bring about fundamental shifts in the structure of the U.S. power sector.
Brattle Principal Shaun Ledgerwood and Associate John Tsoukalis have authored a white paper that outlines a cost-effective, learning-driven approach for companies to develop in-house trade surveillance systems to analyze potentially manipulative behavior.
Brattle Principal Judy Chang and Academic Advisor Maximilian Auffhammer were recently featured in a Utility Dive article discussing the effects of climate change on electricity demand and grid operators.
In a new Law360 article, Brattle Principal Adoria Lim and Associate Chi Cheng studied the correspondence between numerous companies and the SEC to identify and categorize the SEC’s hot buttons that may lead to enforcement actions, including litigation.
Brattle Principal Lisa Cameron, Academic Advisors Professor Greg Allenby and Professor Peter E. Rossi, and Brattle Senior Research Analyst Yikang Li recently co-authored an article for BNA about fundamental economic errors in approaches to damages in recent product mislabeling cases.
Brattle economists have co-authored an article published in the February 2017 issue of Electricity Policy’s Electricity Daily that addresses the issue of econometric models over-forecasting utility sales, resulting in revenue shortfall.
Brattle Principal Yvette Austin Smith has authored an article discussing Delaware’s public company appraisals following the CKx decision, using specific examples to demonstrate that petitioners and respondents continue to assert widely divergent values in appraisal cases.
In his inaugural address, President Trump committed to “transform America’s crumbling infrastructure.” But his infrastructure plan, which would provide significant tax credits to companies that invest in the country’s infrastructure, provides few details.
Brattle Principal Shaun Ledgerwood has been featured in a Risk.net article that discusses the need for greater clarity around the U.S. Federal Energy Regulatory Commission’s (FERC) anti-manipulation standards.
Brattle President Alexis Maniatis was recently elected to serve on the International Council for Commercial Arbitration (ICCA) and American Society of International Law’s (ASIL) Task Force on Damages.
Brattle economists examine the first system wide rollout of TOU in Ontario, Canada and find that customers do shift load from more expensive peak period, to the cheaper off-peak period.
Brattle Principals Dan Harris and Francesco Lo Passo have authored an article on the quantification of damages through arbitration by international investors of renewable energy projects, particularly solar photovoltaic (PV) plants.
Do eco-friendly labels also send signals about product quality? Can these signals be detrimental to producers in some instances? Brattle Senior Associate Neil Lessem has co-authored a paper that investigates these questions in the context of the US wine industry.
The Brattle Group announced today that finance expert Laurence Freed has joined the firm’s New York office as a senior consultant.
Brattle economists released a whitepaper that shows the potential for U.S. utility sales to nearly double by 2050 while energy sector carbon dioxide (CO2) emissions could decrease by 70 percent or more through the electrification of transportation and heating.
A report co-authored by economists at global consulting firm The Brattle Group finds that newly-proposed tax legislation aiming to defer the recognition of affiliated offshore reinsurance for U.S. tax purposes will negatively impact businesses and consumers in the United States.
A whitepaper by Brattle economists examines how wind generators could use standard electric and gas forward contracts to hedge its revenue to reduce risk over mid- to long-term horizons.
For the 10th consecutive year, The Brattle Group has been named one of the world’s top firms for competition economics by Global Competition Review (GCR).
The Brattle Group Prizes for best papers in Corporate Finance for 2016, judged to be exceptional by the associate editors of The Journal of Finance, were awarded at the 2017 American Finance Association's (AFA) Annual Meeting in Chicago, IL on January 6-8, 2017.
Brattle Principal Pinar Bagci has authored the United Kingdom chapter of Global Competition Review’s (GCR) 2017 edition of the Handbook of Competition Economics.
In the recently concluded jury trial US Airways Inc. v. Sabre Holdings Corp. et al, The Brattle Group assisted attorneys from O’Melveny & Myers to secure a favorable verdict on behalf of US Airways.
A whitepaper by Brattle economists finds that the vulnerability of some U.S. nuclear power plants to premature retirement could create a major threat to the attainment of carbon dioxide (CO2) reduction.
A whitepaper released today by leading energy and commodities expert Philip Verleger and economists at The Brattle Group finds that the U.S. House of Representatives’ Tax Reform Task Force Blueprint (the Blueprint) would lead to an increase in the domestic price of crude oil.
In the multidistrict litigation case, In Re: Municipal Derivatives Antitrust Litigation, Brattle was retained by the Plaintiffs’ counsel, including attorneys from Boies, Schiller & Flexner LLP, Hausfeld LLP, and Susman Godfrey LLP, to conduct relevant economic and empirical analyses.
The Brattle Group is pleased to announce that Shannon W. Anderson has joined the firm’s growing network of internationally renowned experts as an academic advisor.
Brattle economists have released a presentation that shows the U.S. electric power industry has been investing in renewable resources well beyond states’ renewable portfolio standards (RPS) and targets.
Principals Romkaew Broehm and James Reitzes, and Senior Associate Jeremy Verlinda have recently submitted comments to the Federal Energy Regulatory Commission (FERC) in response to the Commission’s Notice of Inquiry (NOI) on Analysis of Modifications to Commission Requirements for Review of Transaction Under Section 203 of the Federal Power Act and Market-Based Rate Applications under Section 205 of the Federal Power Act.
A report by Brattle consultants examines the economic and policy implications of different carbon dioxide (CO2) allowance allocation approaches under the Clean Power Plan’s (CPP) mass-based standard and/or carbon-cutting programs.
Brattle Principals Carlos Lapuerta and Richard Caldwell have co-authored an article published in Global Arbitration Review’s (GAR) Guide to Damages in International Arbitration that addresses issues relevant to the calculation of damages from competition claims.
A report issued by Brattle consultants examines the potential implications for competitive wholesale electricity markets if new gas-fired combined cycle (CC) plants are not covered under the Clean Power Plan’s (CPP) mass-based state implementation plans (SIPs).
The Brattle Group is pleased to announce that Greg Allenby has joined the firm’s growing network of internationally renowned experts as an academic advisor.
A report authored by Brattle economists evaluates mechanisms for mitigating market power in the reformed wholesale energy market scheduled for July 2017 implementation in Western Australia’s South West Interconnect System.
Brattle Principal Stewart Myers, the Robert C. Merton (1970) Professor of Finance, Emeritus at the MIT Sloan School of Management, been recognized in a feature article appearing in the October 2016 issue of The Journal of Finance.