Publications
Archive 2013
Report
Exploring Natural Gas and Renewables in ERCOT Part II: Future Generation Scenarios for Texas
December 10, 2013
Prepared for The Texas Clean Energy Coalition
Article
Skill Differences in Corporate Acquisitions
December 2013
Jeffrey Jaffe, David Pedersen, and Torben Voetmann
Published in Journal of Corporate Finance, Volume 23
Report
Impact Evaluation of Ontario’s Time-of-Use Rates: First Year Analysis
November 26, 2013
Ahmad Faruqui, Sanem Sergici, Neil Lessem, Dean Mountain, Frank Denton, Byron Spencer, and Chris King
Prepared for the Ontario Power Authority
Presentation
Transmission Topology Control Algorithms (TCA): Simulations on PJM Real Time Markets
November 19, 2013
Pablo Ruiz, Xiao Li, Michael Caramanis, Evgeniy Goldis, Bhavana Keshavamurthy, Mahendra Patel, Alex Rudkevich, Richard Tabors, and Toshiki Bruce Tsuchida
Presented at the TCA/RATC Workshop on Topology Control, Norristown, PA
Presentation
The Customer-Side Benefits of Smart Meters
November 7, 2013
Presented at the Smart Meter Symposium, Hong Kong
Presentation
The Global Tao of the Smart Grid
November 7, 2013
Presented at The 3rd Guangdong, Hong Kong, Macau Power Industry Summit, Hong Kong
Article
Using Virtual Bids to Manipulate the Value of Financial Transmission Rights
November 2013
Published in The Electricity Journal, Vol. 26, Issue 9
Report
Coal Plant Retirements: Feedback Effects on Wholesale Electricity Prices - Revised
November 2013
Published by The Brattle Group, Inc.
Report
Independent Evaluation of SCR Systems for Frame-Type Combustion Turbines: Report for ICAP Demand Curve Reset
November 1, 2013
Marc Chupka and Anthony Licata
Prepared for the New York Independent System Operator, Inc.
Presentation
The Potential for Demand Response to Integrate Variable Energy Resources with the Grid
November 1, 2013
Greg Wikler, Debyani Ghosh, Kelly Marrin, Juan Shishido, Carlos Carrera, and Ahmad Faruqui
Presented at the Joint CREPC/SPSC Meeting, San Diego, CA
Presentation
Characteristics of Successful Capacity Markets
October 31, 2013
Presented at the APEx Conference 2013, New York, NY
Presentation
Outlook for North American Trade in LNG and Oil
October 24, 2013
Presented at the LSI Energy Exports in the Northwest Conference
Presentation
Policies for Energy Provider-Delivered Energy Efficiency in North America
October 17, 2013
Presented to The World Bank, Washington, DC
Article
The Role Of Conjoint Surveys In Reasonable Royalty Cases
October 16, 2013
Published in Law360
Article
From ERG to the Smart Grid: One Illini’s Journey
October 9, 2013
Published by The Brattle Group, Inc.
Presentation
Electric Reliability, Resiliency, Rates and Region
October 7, 2013
Presented at the Edison Electric Institute Transmission, Distribution, and Metering Conference, Charleston, SC
Report
2013 Offer Review Trigger Prices Study
October 2013
Samuel A. Newell, Michael Hagerty, and Quincy X. Liao
Prepared for ISO New England
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)
Article
Spectrum Value
October 2013
Coleman D. Bazelon and Giulia McHenry
Published in Telecommunications Policy
Article
A Trip to RIIO in Your Future?
October 2013
Published in Public Utilities Fortnightly
Presentation
Assessing and Understanding the Implications of Economics of Coal-Fired Plants
September 26, 2013
Presented at the Alberta Power Symposium, Calgary
Presentation
Trends and Benefits of Transmission Investments: Identifying and Analyzing Value
September 26, 2013
Presented to the CEA Transmission Council, Ottawa, Canada
Presentation
Dynamic Pricing – The bridge to a smart energy future
September 25, 2013
Presented at the World Smart Grid Forum, Berlin, Germany
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
Alternative Regulation and Ratemaking Approaches for Water Companies
September 23, 2013
Joseph B. Wharton, Bente Villadsen, and Heidi Bishop
Prepared for the National Association of Water Companies
Presentation
Planning for High Levels of Renewable Penetration: Key Challenges and Approaches for Caribbean Island Systems
September 18, 2013
Presented at the CARILEC Renewable Energy Forum, Bridgetown, Barbados
Presentation
The Smart Grid and the Future of Demand Response
September 18, 2013
Presented at the Energy Central webinar, Integrated Demand Response - How Utilities Leverage Data for Intelligent Decisions
Presentation
Redefining California's Energy Future
September 10, 2013
Presented at the Governor’s Grid Conference, Palo Alto, CA
Presentation
Paying for Pipelines
September 9, 2013
Presented at Law Seminars International’s (LSI) Energy in the Northeast Conference
Presentation
Surviving Sub-One Percent Sales Growth
September 9, 2013
Presented to the National Association of Business Economists, San Francisco, CA
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
Article
Low Voltage Resiliency Insurance:  Ensuring Critical Service Continuity During Major Power Outages
September 2013
Published in Public Utilities Fortnightly
Article
Environmental Policy with Collective Waste Disposal
September 2013
David L. Sunding, Stephen F. Hamilton, Thomas Sproul, and David Zilberman
Published in the Journal of Environmental Economics and Management
Article
Arcturus: International Evidence on Dynamic Pricing
September 2013
Published in The Electricity Journal
Article
Infrastructure and Competition in the Electric Delivery System
September 2013
Published in The Electricity Journal, Volume 26, Issue 7
Article
Low Tech Resilience
September 2013
Published in Fortnightly Magazine
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
Presentation
International Experience in Pipeline Capacity Trading
August 7, 2013
Presented to the Australian Energy Market Operator
Report
International Experience In Pipeline Capacity Trading
August 5, 2013
Dan Harris, Toby Brown, and Alessandro Massolo
Prepared for the Australian Energy Market Operator
Presentation
Resolving the Crisis in Rate Design
August 2, 2013
Presented at the EEI AltReg Webinar
Presentation
Patent Damages: The Role of Conjoint Surveys
August 2013
Presented at the American Bar Association Annual Meeting, San Francisco
Presentation
A Holistic Approach to Market Manipulation Compliance
August 2013
Presented to the energy trading and compliance staff of a multinational financial institution, New York, NY
Report
Recent Guidance from the Delaware Court of Chancery - Summer 2013
August 2013
Published by The Brattle Group, Inc.
Report
A Tale of Two Crises: The Betas of EU Networks
August 2013
Published by The Brattle Group, Inc.
Presentation
Super-Normal Profits, Intangibles, and Tax Policy: The Role of Economics
August 1, 2013
Presented at the National Association for Business Economics (NABE) Transfer Pricing Symposium, Arlington, VA
Presentation
The Benefits of Electric Transmission: Identifying and Analyzing the Value of Investments
July 31, 2013
Presented to the Working group for Investment in Reliable and Economic Electric Systems (WIRES)
Presentation
Safeguarding U.S. Intellectual Property Rights: The Domestic Industry Requirement of Section 337
July 25, 2013
Prepared for a West LegalEd CLE Program
Article
Does welfare make US unemployment worse?
July 23, 2013
Published on the World Economic Forum
Presentation
Dynamic Pricing 2.0: The Grid-Integration of Renewables
July 23, 2013
Ahmad Faruqui and Wade Davis
Presented at the IEEE PES GM 2013 Meetings, Vancouver, Canada
Article
US Labour Market: Broken With and Without Unemployment Benefits
July 22, 2013
Published on VoxEU
Presentation
The Uncertain Future of Global LNG Trade
July 18, 2013
Presented at the LSI Natural Gas for Transportation and LNG Markets Conference, Washington, DC
Article
Benchmarking Your Rate Case
July 2013
Published in Public Utilities Fortnightly
Presentation
Current Issues in Cost of Capital
July 2013
Presented at EEI Advanced Rate School: Rates to Meet New Market Opportunities and Constraints, Madison, WI
Presentation
A Unifying Approach to Market Manipulation Compliance
July 2013
Presented to the Partners of a national law firm interested in applications to energy, commodities, and securities trading, Washington, DC
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
Electricity Market Overview for Manitoba Hydro’s Export Market in MISO
July 2013
Dean M. Murphy, Onur Aydin, and Kent Diep
Prepared for Manitoba Hydro
Article
Uneconomic trading and market manipulation
July 2013
Published in Energy Risk
Report
Incorporating Demand Response Into Western Interconnection Transmission Planning
July 2013
Ryan Hledik, Ahmad Faruqui, Andy Satchwell, Glen Barbose, and Charles Goldman
Prepared for LBNL
Article
An empirical analysis of the multimarket contact theory in pharmaceutical markets
July 2013
Pedro L. Marin, Javier Coronado, and Sergi Jimenez-Martin
Published in The European Journal of Health Economics
Article
Most Favored Nation Clauses Moving Out of Favor
July 2013
Joshua Gans
Published in Competition Policy International
Report
Arcturus: International Evidence on Dynamic Pricing
July 1, 2013
Published by SSRN Working Paper Series
Presentation
Analytical Frameworks to Incorporate Demand Response in Long-term Resource Planning
June 21, 2013
Ryan Hledik and Andy Satchwell
Presented at the CRRI Western Conference
Presentation
An Empirical Study of Impact of Decoupling on Cost of Capital, Update to 2012
June 21, 2013
Presented at the 26th Annual CRRI Western Conference, Monterey, CA
Presentation
Making a Public Interest Case at the ITC
June 19, 2013
Pallavi Seth, Vaishali Udupa, Mark Whitaker, and Kimberly Parke
Presented at the American Bar Association CLE Program
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
Presentation
Partnering Natural Gas and Renewables in ERCOT
June 11, 2013
Prepared for the Texas Clean Energy Coalition; sponsored by the Cynthia and George Mitchell Foundation
Presentation
Finding the Balance Between Reliability and Cost: How Much Risk Should Consumers Bear?
June 3, 2013
Presented at the Western Conference of Public Service Commissioners, Santa Fe, NM
Report
Economic Review of the Massachusetts Child Support Guideline
June 2013
Mark Sarro and R. Mark Rogers
Submitted to the Commonwealth of Massachusetts Office of Court Management, Child Support Guidelines Task Force
Presentation
Market Manipulation post Hunter vs. FERC: A Framework for Unified Analysis
June 2013
Panel presentation delivered at the Harvard Electricity Policy Group’s 71st Plenary Session, Calgary, AB
Report
A Visit to RIIO in Your Future? Great Britain’s Latest Innovation in Grid Regulation
June 2013
Published by The Brattle Group, Ltd.
Report
Estimating Xcel Energy’s Public Service Company of Colorado Territory Demand Response Market Potential
June 2013
Prepared for Xcel Energy
Article
Surviving Sub-One-Percent Growth
June 2013
Published in Electricity Policy
Article
Reducing Rate Shocks
June 2013
Published in Public Utilities Fortnightly
Presentation
A Unifying Approach to Market Manipulation Compliance
June 2013
Presented at the Platts European Gas and Power Trading Conference, London, UK
Presentation
The Future of Rate Design
May 21, 2013
Presented at the 2013 EEI Rate Analysts Meeting, Orlando, FL
Report
The Importance of Long-Term Contracting for Facilitating Renewable Energy Project Development
May 7, 2013
Published by The Brattle Group, Inc.
Presentation
A Perspective on Market Manipulation
May 2013
Presented at an anti-manipulation compliance seminar for the traders and compliance staff of a major U.S. electricity trading company
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
A Holistic Approach to Market Manipulation Compliance
May 2013
Presented to the partners of an international law firm interested in applications to energy, commodities and securities trading, Brussels, Belgium
Article
Redefining Normal Temperatures
May 2013
Robert E. Livezey and Philip Q Hanser
Published in Public Utilities Fortnightly
Report
A Decomposition of Shifts of the Beveridge Curve
May 2013
Prepared for the Federal Reserve Bank of Boston
Presentation
The Utility of the Future: Distributed or Not?
April 30, 2013
Presented at Advanced Energy 2013, New York, NY
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
Presentation
A Case Study of an Alleged Market Manipulation: Deutsche Bank
April 3, 2013
Presented to the Energy Bar Association
Presentation
Uneconomic Trading in Energy Markets: A Framework of Market Manipulation
April 2013
Presented at the Penn State Faculty Colloquy, State College, PA
Presentation
A Holistic Approach to Compliance: REMIT and the MAD
April 2013
Presented at an anti-manipulation compliance seminar for the traders and compliance staff of a major European energy trading company
Presentation
A Holistic Approach to Market Manipulation Compliance
April 2013
Presented to the partners of a national law firm interested in applications to energy, commodities and securities trading, Washington, DC
Presentation
ISO/RTO Financial Products and Recent Trends in FERC Enforcement
April 2013
Panel presentation sponsored by the Energy Bar Association Electricity Regulation Committee and the Compliance and Enforcement Committee, Washington, DC
Presentation
How to Excel in Complex Cases Involving a Large Number of Documents and Multiple Experts
April 2013
Presented at the SEAK 22nd Annual National Expert Witness Conference
Cambio Climático y Deslocalización
March 21, 2013
Published in Cinco Días
Presentation
Natural Gas Price & Environmental Regulation: Effect on Utility Cost and Coal Consumption
March 14, 2013
Presented at the Kentucky Industrial Utility Customers 2013 Energy Conference, Lexington, KY
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
Estimating the Cost of Debt
March 4, 2013
Prepared for the Dampier Bunbury Pipeline
Report
The WACC for the Dutch TSOs, DSOs, water companies and the Dutch Pilotage Organisation
March 4, 2013
Prepared for NMa
Report
Long-Term Price Forecast for Manitoba Hydro’s Export Market in MISO
March 2013
Dean M. Murphy, Onur Aydin, Kent Diep, and Sarah Whitley
Prepared for Manitoba Hydro
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
An Economic Approach to FERC Anti-Manipulation Compliance
March 2013
Presented at an anti-manipulation compliance seminar presented in separate sessions to the compliance staff and traders of a major commercial energy trading company
Presentation
Market Manipulation in Wholesale Electricity Markets
March 2013
Presented to the NP Market Council
Report
Measuring the Impact of the Toxics Release Inventory: Evidence from Manufacturing Plant Births
March 1, 2013
Published by U.S. Census Bureau Center for Economic Studies
Report
A Learning Investment-Based Analysis of the Economic Potential for Offshore Wind: The Case of the United States
February 28, 2013
Published by The Brattle Group, Inc.
Presentation
The Slowdown in Sales Growth and the Prospects for Transmission
February 28, 2013
Presented at the EEI Energy Delivery Executive Advisory Committee, Charleston, SC
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
The Impact of Digitization on Business Models in Copyright-Driven Industries: A Review of the Economic Issues
February 26, 2013
In The Impact of Copyright on Innovation in the Digital Age, edited by Stephen A. Merrill and William J. Raduchel, published by The National Academy of Sciences' Board on Science, Technology, and Economic Policy
Report
Estimating the Cost of Equity for Regulated Companies
February 17, 2013
Prepared for the Australian Pipeline Industry Association
Article
What is the role of cap-and-trade schemes in reducing CO2 and other greenhouse gas emissions?
February 7, 2013
Published in CommentVisions
Presentation
Making a Public Interest Case at the International Trade Commission (ITC)
February 7, 2013
Prepared for a West LegalEd CLE Program
Presentation
Get Ready for Much Spikier Energy Prices: The Under-Appreciated Market Impacts of Displacing Generation with Demand Response
February 7, 2013
Presented at the Cadwalader Energy Investor Conference
Article
Hechos y Retos de la Energía en España: Algunos Elementos Clave de una Estrategia Energética, «El Sector Energético Español»
February 1, 2013
Published by Papeles de Economía Española, El Sector Energético Español, Volume 134
Article
California GHG Cap-and-Trade and Resource Shuffling
February 2013
Michael A. Kline and Barclay Gibbs
Published in Power Engineering
Presentation
Market Manipulation Cases in U.S. Wholesale Electricity and Natural Gas Markets
February 2013
Presented at the Bird & Bird Seminar on Market Abuse, London, UK
Article
Dynamic pricing of electricity for residential customers: the evidence from Michigan
February 2013
Sanem Sergici, Ahmad Faruqui, and Lamine Akaba
Published in Energy Efficiency
Report
Alaska Mobile Broadband Cost Model
February 2013
William P. Zarakas and Giulia McHenry
Presented before the Federal Communications Commission in the Matter of Connect America Fund Universal Service Reform - Mobility Fund
Article
The Future of US Energy Utilities
February 1, 2013
Published in The Oxford Energy Forum
Presentation
Consistency of Results in Dynamic Pricing Experiments – Toward a Meta Analysis
January 29, 2013
Ahmad Faruqui, Sanem Sergici, and Eric Shultz
Presented at the DistribuTECH Conference, San Diego, CA
Presentation
Causation and Effect: Emissions Analysis in Retrospective NSR Cases
January 29, 2013
Presented at the Energy, Utility and Environmental Conference, Phoenix, AZ
Presentation
U.S. Coal Plant Retirements: Outlook and Implications
January 24, 2013
Presented at the West LegalEdcenter CLE Webcast
Presentation
Overview of Rooftop Solar PV 'Green Bank’ Financing Model
January 17, 2013
Robert S. Mudge and Ann Murray
Sponsored by Connecticut Clean Energy Finance and Investment Authority and the Coalition for Green Capital
Presentation
Natural Gas Price & Environmental Regulation: Effect on Utility Coal Consumption
January 14, 2013
Marc Chupka, Metin Celebi, Charles Russell, and Quincy Xuefeng Liao
Presented at the Transportation Research Board Annual Meeting, Washington, DC
Article
It’s not a skill mismatch: Disaggregate evidence on the US unemployment-vacancy relationship
January 5, 2013
Published on VoxEU
Book
Principles of Corporate Finance
January 2013
Richard A. Brealey, Stewart C. Myers, and Franklin Allen
Published by McGraw-Hill, 11th edition, with translations into many languages, including Czech, French, Hungarian, Indonesian, Italian, Japanese, Portuguese, Russian and Spanish.
Article
Implications of FERC Staff Recommendation to Lower the Base ROE for Transmission in New England
2013
Michael A. Kline, Barclay Gibb, and Duncan Anderson
Published in USAEE Dialogue, Volume 23
Book
Bankruptcy
2013
Published in the Wiley Encyclopedia of Management, 3rd Edition
Article
Hechos y retos de la energía en España: algunos elementos clave de una estrategia energética
January 2013
Published in Papeles de Economía Española
Article
The Economic Cost of Airline Flight Delay
January 2013
Nathan Barczi, Everett B. Peterson, Kevin Neels, and Thea Graham
Published in Journal of Transport Economics and Policy, Volume 47, No. 1
Article
Innovation Incentives Under Transferable Fast-Track Regulatory Review
2013
Joshua Gans and David B. Ridley
Published in the Journal of Industrial Economics
Presentation
Market Manipulation in Wholesale Electricity and Natural Gas Markets
January 2013
Presented for the West LegalEd CLE program (webinar)
Article
Entrepreneurial Commercialization Choices and the Interaction between IPR and Competition Policy
2013
Joshua Gans and Lars Persson
Published in Industrial and Corporate Change
Article
Exit Deterrence
2013
Joshua Gans and Martin Byford
Published in the Journal of Economics and Management Strategy
Article
Cycling Coal and Natural Gas-fired Power Plants with CCS
2013
David Luke Oates, Peter Versteeg, Eric Hittlinger, and Edward S. Rubin
Published in Energy Procedia
Article
Production Cost and Air Emissions Impacts of Coal Cycling in Power Systems with Large-Scale Wind Penetration
2013
David Luke Oates and Paulina Jaramillo
Published in Environmental Research Letters
Article
Rates, Reliability, and Region
January 2013
Published in Public Utilities Fortnightly
Article
An Econometric Assessment of Telecommunications Prices and Consumer Surplus in Mexico using Panel Data
2013
Agustin J. Ros and Jerry A. Hausman
Published in the Journal of Regulatory Economics, Vol. 43, pp. 284-304
Article
The Impact of Asymmetric Mobile Regulation in Colombia
2013
Agustin J. Ros and Douglas Umana
Published in Info, Vol. 15, No. 3, pp. 54-65
Article
Licensing of Standard Essential Patents: Antitrust Intervention Is Not Big Enough A Fix
2013
Published in Competition Policy International, Volume 9, Number 2