Publications
Archive 2014
Report
The Role of Institutional Investors in Open-Market Share Repurchase Programs
December 29, 2014
Yingzhen Li and Thomas Chemmanur
Published in Social Science Research Network (SSRN)
Presentation
Residential Demand Charges: An Emerging Opportunity in Rate Design
December 16, 2014
Presented at an EUCI webcast
Report
Year Two Analysis of Ontario’s Full Scale Roll-out of TOU Rates
December 16, 2014
Ahmad Faruqui, Neil Lessem, Sanem Sergici, Dean Mountain, Frank Denton, Byron Spencer, and Chris King
Prepared for the Ontario Power Authority (OPA)
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
Changing Times – New Uncertainties: Assessing Their Effects on Global Energy and LNG Export Markets
December 8, 2014
Presented at the LSI Energy Markets and Regulation in Alaska Conference, Anchorage, AK
Presentation
Infrastructure Needs, Water Regulation, Financing Options and Areas of Improvements: Issues as Basis for Discussion
December 5, 2014
Presented to the First Workshop on Water Regulation in Europe, Rome, Italy
Presentation
The Chasm between Following Market Rules and Fraud
December 4, 2014
Presented to the Stanford Program on Energy and Sustainable Development
Report
Infrastructure Needs, Water Regulation, Financing Options and Areas of Improvements
December 2, 2014
Francesco Lo Passo and Cosimo Fischietti
Prepared for the First Workshop on Water Regulation in Europe, Rome, Italy
Presentation
Dynamics and Opportunities in Transmission Development
December 2, 2014
Presented to TransForum East, Washington, DC
Article
Be an Expert in Working with Economic Experts
December 2014
Published in Perspectives in Antitrust, a publication of the Antitrust Law Section of the American Bar Association
Article
Germany’s Energiewende Enjoys Broad Support, But Policy and Technical Challenges Must be Solved
December 2014
Published in Climate Change Business Journal, Volume VII
Report
A Review of the Pipeline and Hazardous Materials Safety Administration’s Draft Regulatory Impact Analysis
November 14, 2014
Prepared for The Railway Supply Institute, Committee on Tank Cars
Report
The Value of Distributed Electricity Storage in Texas: Proposed Policy for Enabling Grid-Integrated Storage Investments
November 10, 2014
Prepared for Oncor
Article
Cartel Damages Under the New EU Directive
October 23, 2014
Presentation
Economic Viability of Combined Heat and Power in ERCOT
October 16, 2014
Presented at the WADE Annual Meeting & DistribuGen Conference and NYSERDA CHP Expo, Westchester, NY
Presentation
Public Power in the Age of Smart Power
October 6, 2014
Presented to the American Public Power Association
Report
Stakeholder-Driven Scenario Development for the ERCOT 2014 Long-Term System Assessment
September 30, 2014
Prepared for ERCOT
Article
An Economic Evaluation of 'Funding' for Research Tax Credits
September 29, 2014
Published in Tax Notes
Report
Targeted Performance Incentives: Recommendations to the Hawaiian Electric Companies
September 15, 2014
Prepared for the Hawaiian Electric Companies
Presentation
Economics Cliff Notes
September 12, 2014
Presented at the Hagens Berman Annual Corporate Retreat, Phoenix, AZ
Brochure
Music Industry Expertise
September 2014
Published by The Brattle Group, Inc.
Article
Oil and Gas Strategy Innovation through Partnering
September 2014
Sigurd Heiberg and Donald R. Lessard
Published in Energy Strategy Reviews, Volume 3
Report
Optimal Recycling Policy for Used Lubricating Oil: The Case of California’s Used Oil Management Policy
September 2014
Published in Environmental and Resource Economics
Report
Comments of Dr. Romkaew Broehm and Mr. Gerald A. Taylor to the Federal Energy Regulatory Commission Regarding Market-Based Rates for Wholesale Sales of Electric Energy, Capacity and Ancillary Services by Public Utilities (Docket No. RM14-14-000)
September 2014
Prepared for the Federal Energy Regulatory Commission
Article
Rediscovering Residential Demand Charges
September 2014
Published in The Electricity Journal
Report
Quantifying the Amount and Economic Impacts of Missing Energy Efficiency in PJM’s Load Forecast
September 2014
Prepared for The Sustainable FERC Project
Report
Understanding Crude Oil and Product Markets
September 2014
Published by the American Petroleum Institute
Report
Understanding Natural Gas Markets
September 2014
Published by the American Petroleum Institute
Presentation
The Re-emergence of Combined Heat and Power (CHP)
August 27, 2014
Presented at the NRRI Teleseminar
Article
The Employment Puzzle: Should Dodd and Frank Be Blamed?
August 25, 2014
Published in The Huffington Post
Presentation
Hydropower and the EPA Section 111(d) Proposal
August 12, 2014
Presented at the National Hydropower Association
Presentation
EPA’s Clean Power Plan: Basics and Implications of the Proposed CO2 Emissions Standard on Existing Fossil Units Under CAA Section 111(d)
August 12, 2014
Presented at the Goldman Sachs Power, Utilities, MLP and Pipeline Conference, New York, NY
Report
Structure of Electricity Distribution Network Tariffs: Recovery of Residual Costs
August 2014
Prepared for the Australian Energy Market Commission
Report
Competitive Effects of Exchanges or Sales of Airport Landing Slots
August 1, 2014
Published in the Review of Industrial Organization
Article
Profitability of CCS with Flue Gas Bypass and Solvent Storage
August 2014
David Luke Oates, Peter Versteeg, Eric Hittinger, and Paulina Jaramillo
Published in the International Journal of Greenhouse Gas Control
Article
Smart By Default
August 2014
Published in the August 2014 issue of Public Utilities Fortnightly
Report
Resource Adequacy in Western Australia: Alternatives to the Reserve Capacity Mechanism
August 2014
Prepared for EnerNOC, Inc.
Report
Quantile Regression for Peak Demand Forecasting
July 31, 2014
Published on Social Science Research Network
Report
Solar Energy Support in Germany: A Closer Look
July 30, 2014
Prepared for the Solar Energy Industries Association
Presentation
Topology Control Algorithms: Applications for Market Efficiency Improvements and Overload Relief
July 30, 2014
Pablo Ruiz, Michael Caramanis, Evgeniy Goldis, David Hislop, Bhavana Keshavamurthy, Xiaoguang Li, Dan Moscovitz, Russ Philbrick, Alex Rudkevich, Richard Tabors, and Toshiki Bruce Tsuchida
Presented at the Super Session on Grid Operations, 2014 IEEE PES General Meeting, National Harbor, MD
Article
Asset Value Trumps Discounted Cash Flow in Another Bankruptcy Valuation Dispute
July 29, 2014
Published by The Brattle Group, Inc.
Presentation
Moving Demand Response Back to the Demand Side
July 28, 2014
IEEE Power & Energy Society General Meeting, National Harbor, MD
Presentation
Electric Utility Integrated Resource Plan (IRP): Demand-Side Resources
July 16, 2014
Presented to the Thai Energy Regulatory Commission, OERC, and Utilities Delegation, Boston, MA
Presentation
Decoupling in the U.S. and its Impact on Cost of Capital and Profit
July 16, 2014
Presented to the Thai Energy Regulatory Commission, OERC, and Utilities Delegation, Boston, MA
Presentation
Price-Enabled Demand Response
July 16, 2014
Presented to the Thai Energy Regulatory Commission, OERC, and Utilities Delegation, Boston, MA
Presentation
Investing In Electric Reliability and Resiliency
July 15, 2014
Presented at the NARUC 2014 Summer Meeting - Joint Electricity and Critical Infrastructure Committees, Dallas, TX
Presentation
Resource Adequacy Requirements, Scarcity Pricing, and Electricity Market Design Implications
July 2, 2014
Presented at the IEA Electricity Security Advisory Panel, Paris, France
Presentation
Quantile Regression for Peak Demand Forecasting
July 1, 2014
Prepared by The Brattle Group, Inc.
Presentation
Partnering Natural Gas and Renewables
July 1, 2014
Presented at the Synergies of NG & RE: 360 Degrees of Opportunity Forum
Article
Broken or Fixed Effects?
July 2014
Charles Gibbons, Juan Carlos Suárez Serrato, and Michael B. Urbancic
Published in the National Bureau of Economic Research
Article
Measuring the Effects of Stormwater Mitigation on Beach Attendance
July 2014
Perla Atiyah, Linwood Pendleton, Ryan Vaughn, and Neil Lessem
Published in Marine Pollution Bulletin, Volume 72, Issue 1
Article
How Will The EPA's Clean Power Plan Impact Wind?
July 1, 2014
Published in North American Windpower
Presentation
Residential Demand Charges: A Rate Design Revolution?
June 26, 2014
Presented at the Center for Research in Regulated Industries (CRRI) 27th Annual Western Conference, Monterey, CA
Presentation
Strategies for Surviving Sub-One Percent Growth and the Emergence of the Energy Services Utility
June 24, 2014
Presented at the 2014 UEC Summit, Coeur d’Alene, Idaho
Presentation
Topology Control Algorithms (TCA): Simulations in PJM with AC Modeling
June 23, 2014
Pablo Ruiz, Michael Caramanis, Evgeniy Goldis, Bhavana Keshavamurthy, Xiaoguang Li, Russ Philbrick, Alex Rudkevich, Richard Tabors, and Toshiki Bruce Tsuchida
Presented at the FERC Technical Conference On Increasing Real-Time And Day-Ahead Market Efficiency Through Improved Software, Washington, DC
Presentation
The Emergence of the Energy Services Utility
June 5, 2014
Presented at the North Carolina Electric Membership Corporation
Article
High-Frequency Trading Litigation Presents Complex Issues for Experts
June 2014
Zachary Ziliak, Pavitra Kumar, and Torben Voetmann
Published by The Brattle Group, Inc. Published on Law360
Report
Summary of Proposed Refinements to Market-Based Rates Policies & Procedures
June 2014
Romkaew P. Broehm and Richard Sweet
Published by The Brattle Group, Inc., in response to Notice of Proposed Rule Making (Docket No. RM14-14)
Book
Renewable Energy Integration: Practical Management of Variability, Uncertainty, and Flexibility in Power Grids (contributing author)
June 2014
Published by Elsevier. Author of Chapter 24, "Renewables Integration on Islands"
Report
Policy Brief - EPA’s Proposed Clean Power Plan: Implications for States and the Electric Industry
June 2014
Published by The Brattle Group, Inc.
Article
Utility Investments in Resiliency: Balancing Benefits with Cost in an Uncertain Environment
June 2014
William P. Zarakas, Sanem Sergici, Heidi Bishop, Jake Zahniser-Word, and Peter S. Fox-Penner
Published in The Electricity Journal, Volume 27, Issue 5
Report
Exploring Natural Gas and Renewables in ERCOT, Part III: The Role of Demand Response, Energy Efficiency, and Combined Heat & Power
May 29, 2014
Prepared for the Texas Clean Energy Coalition (TCEC)
Report
Incentive-Based Ratemaking: Recommendations to the Hawaiian Electric Companies
May 20, 2014
Prepared for The Hawaiian Electric Companies
Presentation
Rediscovering Residential Demand Charges
May 20, 2014
Presented at the 2014 EEI Rate and Regulatory Analysts Meeting, San Francisco, CA
Presentation
Is It Possible to Charge Market-Based Pricing for Ancillary Services in a Non-ISO Market? Regulation and Operating Reserves
May 16, 2014
Presented at the Center for Research in Regulated Industries 33rd Eastern Conference
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.
Report
Review of 2014 EPA Economic Analysis of Proposed Revised Definition of Waters of the United States
May 15, 2014
Prepared for The Waters Advocacy Coalition
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.
Article
Unobserved Factors In Antitrust Class Certification
May 14, 2014
Published on Law360
Presentation
Contrasting Competitively-Bid Transmission Investments in the U.S. and Abroad
May 13, 2014
Presented at a UBS Conference Call
Report
Canadian Wireless Market Performance and the Potential Effect of an Additional Nationwide Carrier
May 12, 2014
Prepared for The Competition Bureau, Government of Canada
Presentation
The New Direction of Home Energy Management
May 7, 2014
Presented at the 2014 Comverge Utility Conference, New Orleans, LA
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
Article
Want to Help the Long-Term Unemployed? Try a Two-Tiered Minimum Wage.
May 5, 2014
Published in The Washington Post
Article
Computerized and High-Frequency Trading
May 2014
Published in The Financial Review, Vol. 49, No. 2
Article
Some Economics of Private Digital Currency
May 2014
Joshua Gans and Hanna Halaburda
Published by NBER
Article
Conserving Endangered Species through Regulation of Urban Development: The Case of California Vernal Pools
May 2014
David L. Sunding and Jonathan Terhorst
Published in Land Economics
Article
House of Project Complexity: Understanding complexity in large infrastructure projects
May 2014
Donald R. Lessard, Vivek Sakhrani, and Roger Miller
Published in Engineering Project Organization Journal
Presentation
Uneconomic Trading as Transactional Fraud: EU Compliance Lessons From the US
April 23, 2014
Presented to AIGET
Presentation
Surviving Sub-One Percent Growth
April 16, 2014
Presented at the 2014 Institute for Regulatory Policy Studies Conference, Springfield, IL
Article
Land Markets and the Value of Water Supply: Hedonic Analysis using Panel Data
April 10, 2014
Published in the American Journal of Argicultural Economics
Article
Potential Economic Impacts of Environmental Flows Following a Potential Listing of Endangered Texas Freshwater Mussels
April 7, 2014
David L. Sunding, Brad Wolaver, Cassandra Cook , Stephen F. Hamilton, Bridget Scanlon , Michael Young , Xianli Xu, and Robert Reedy
Published in the Journal of the American Water Resources Association
Presentation
ITC in Flux: Learnings from Recent Developments
April 4, 2014
Pallavi Seth, Lynn I. Levine, Eric S. Namrow, and Kimberly Parke
Presented at the American Bar Association’s 29th Annual Intellectual Property Law Conference
Article
BSA and AML Enforcement Trends and D&O Liability
April 4, 2014
Published in the D&O Diary
Article
Loyalty discounts and theories of harm in the Intel investigations
April 2014
John Simpson and Patrick DeGraba
Published in the April 2014 issue of Journal of Antitrust Enforcement
Article
The Impact of Water Price Uncertainty on the Adoption of Precision Irrigation Systems
April 1, 2014
David L. Sunding and Karina Schoengold
Published in Agricultural Economics
Report
A Market-based Regional Approach to Valuing and Reducing GHG Emissions from Power Sector
April 2014
Prepared for Great River Energy
Article
Study Ontario for TOU Lessons
April 1, 2014
Published in Intelligent Utility
Report
Demand Response Market Potential in Xcel Energy’s Northern States Power Service Territory
April 2014
Prepared for Xcel Energy
Article
Rural Metro Redefines Investment Banks' Role In M&A
March 27, 2014
Published in Law360
Presentation
Surviving Sub-One Percent Sales Growth
March 20, 2014
Presented at the ACC Workshop, Phoenix, AZ
Report
The Impact of Revenue Decoupling on the Cost of Capital for Electric Utilities: An Empirical Investigation
March 20, 2014
Michael J. Vilbert, Joseph B. Wharton, Charles Gibbons, Melanie Rosenberg, and Yang Wei Neo
Prepared for The Energy Foundation
Presentation
Looking Ahead: What Do you See in 2020 - Alberta’s Wholesale Electricity Market in 2020
March 18, 2014
Matthew K. Davis
Presented at the Industrial Power Producers of Alberta (IPPSA) Conference, Banff, Alberta
Report
Saving Power to Conserve Your Reputation? The Effectiveness of Private Versus Public Information
March 18, 2014
Neil Lessem and Magali A. Delmas
Published in Journal of Economics and Environmental Management
Presentation
Surviving Sub-One Percent Sales Growth
March 13, 2014
Presented at the EISPC Annual Meeting, Naples, FL
Article
Impacts of the U.S. Shale Gas Revolution on China’s National Energy Security
March 2014
Yingxia Yang and Hengwei Liu
Published in Issue 95 of the Oxford Energy Forum
Article
Impacts of the U.S. Shale Gas Revolution on China’s National Energy Security
March 2014
Yingxia Yang and Hengwei Liu
Chinese version. Published in China Economic Times
Article
Analytical Frameworks to Incorporate Demand Response in Long-Term Resource Planning
March 2014
Ryan Hledik and Andy Satchwell
Published in Utilities Policy
Article
Rural Metro: Another Shackelton Expedition Falls Short of the Podium
March 2014
Published by The Brattle Group, Inc.
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
Presentation
Market Manipulation and Antitrust: Complements or Substitutes?
February 25, 2014
Presented to the NYC Bar Association Antitrust & Trade Regulation Committee
Report
Spectrum Sharing: Taxonomy and Economics
February 6, 2014
Coleman D. Bazelon and Giulia McHenry
Published by The Brattle Group, Inc.
Presentation
A Market-based Regional Approach to Implementing EPA’s GHG Emissions Regulation
February 5, 2014
Judy Chang, Jürgen Weiss, Yingxia Yang, Jon Brekke, and Will Kaul
Presentation
Coal Plant Retirements and Market Impacts
February 5, 2014
Presented at the Wärtsilä Flexible Power Symposium 2014
Presentation
Power Market Prices, Nuclear Generation & Greenhouse Gas Policy
February 4, 2014
Presented at the EUEC 2014 Conference
Report
Wholesale Gas Price for AGL’s VPA Proposal for 2014–16 (public version)
February 2014
Prepared for AGL Energy
Article
Pipeline Regulatory Issues Arising From Oil and Natural Gas Production Growth in North America
February 2014
Published in Energy Law Advisor
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
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
Report
Developing a Market Vision for MISO - Supporting a Reliable and Efficient Electricity System in the Midcontinent
January 27, 2014
Prepared for the Midcontinent Independent System Operator, Inc. (MISO)
Report
Comments of the Carnegie Mellon Electricity Industry Center on Proposed Energy Information Administration Collection Extension With Changes
January 22, 2014
David Luke Oates, Jay Apt, and Paulina Jaramillo
Prepared for the United States Energy Information Administration (EIA)
Report
The WACC for Regulated Metering Activities
January 13, 2014
Prepared for the Dutch Authority for Consumers & Markets (ACM)

Study prepared for the Dutch regulator ACM to estimate the cost of capital of metering activities of Distribution System Operators (DSOs) of electricity and gas. Selection of the peers group to estimate the equity beta of metering activities.

Article
Collusion at the Extensive Margin
2014
Joshua Gans and Martin Byford
Published in the International Journal of Industrial Organization
Book
Cycling and Ramping of Fossil Plants, and Reduced Energy Payments
2014
David Luke Oates and W. Katzenstein
Published in Variable Renewable Energy and the Electricity Grid
Brochure
Antitrust Analysis in Physician, Hospital, and Insurer Matters
2014
Published by The Brattle Group, Inc.
Presentation
A Framework for Market Manipulation Compliance and Enforcement
January 2014
Presented to the Houston Chapter of the Energy Bar Association, Houston, TX
Article
Estimación de Daños Derivados de la Existencia de un Cártel: Análisis de las Sentencias Acor y Ebro Foods
2014
José Antonio García and Dr. Juan Delgado
Published in Spain Arbitration Review, Vol. 20, pp. 53-66
Article
EPA's Proposed Clean Power Plan and its Uncertain Future, Near Zero Emission
2014
Published by the UK-China Guangdong CCUS Center