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Dr. Murphy is an engineer and economist with expertise in energy, competitive, and regulatory economics and finance, as well as quantitative modeling and risk analysis.

His work centers on the electric industry, encompassing issues such as resource and investment planning (including power and fuel price forecasting), valuation for contract disputes and asset transactions, climate change policy and analysis, competitive industry structure and market behavior, and market rules and mechanics. He has addressed these issues in the context of business planning and strategy, regulatory hearings and compliance filings, litigation and arbitration. Dr. Murphy has examined these matters from the perspectives of investor-owned and public electric utilities, independent producers and investors, industry groups, regulators, system operators, and consumers.

Dr. Murphy holds a Ph.D. in Industrial Engineering and Engineering Management and an M.S. in Engineering-Economic Systems, both from Stanford University, and a B.E.S. in Materials Science and Engineering from the Johns Hopkins University. Prior to joining The Brattle Group in 1995, Dr. Murphy worked as an associate with Applied Decision Analysis, Inc.

Representative Engagements
Power contract arbitration
In a major dispute headed to arbitration, assisted a merchant generating company in determining the value lost when the government agency with whom it had contracted to develop a gas-fired power plant decided to terminate the contract before the plant was completed. A key contributor to the value lost was the potential riskiness of the contract revenues. The contract’s unusual structure insulated the merchant generating company from many of the risks normally associated with electricity markets, transferring these risks to the government agency over the contract’s twenty-year term. This transfer of risk dramatically increased the value of the contract and thus the magnitude of the claim. The case resulted in an advantageous settlement for the client.
State-level resource planning
Assisted the investor-owned utilities and regulators in Connecticut in complying with a legislative mandate to develop annual resource and procurement plans for the state, over several annual cycles. Focused particularly on the development of a set of scenarios against which alternative resource plans were evaluated, in order to illuminate the risks that might be associated with such plans. Key issues were natural gas prices, potential federal climate legislation, electricity demand, and demand management strategies, as well as the complex interplay between these factors. Also evaluated several energy security issues, including interactions between natural gas availability and electric reliability.
Long-term forecasting for an electric company considering large resource additions for off-system sales
Developed a set of future scenarios based on the possible evolution of key market drivers, forecasting long-term power prices for each scenario. Scenario drivers included fuel prices, climate policy, coal plant retirements, renewable portfolio standards, and load levels. This assignment was repeated at intervals to understand how changing market drivers have influenced the potential range future of power prices.
Testimony
Oral testimony before the Connecticut Department of Public Utility Control, in support of several annual versions of the Integrated Resource Plan for Connecticut
September 2008, June 2009, June 2010
Oral testimony before the United States Court of Federal Claims, on behalf of Kansas Gas & Electric Company, et al., (Case No. 04-99C), regarding the removal of spent nuclear fuel
March 2010
Publications
Report
Salem and Hope Creek Nuclear Power Plants Contribution to the New Jersey Economy
December 2017
Prepared for PSEG and Exelon Generation

This report finds that the Salem and Hope Creek nuclear power plants make substantial contributions to the New Jersey economy and the environment.

Article
The Future of the U.S. Coal Generation Fleet
November 30, 2017
Excerpt from the Fall 2017 newsletter for the ABA Antitrust Section, Transportation and Energy Industries Committee

The article analyzes the decline in coal-generated electricity in North America and discusses the implication of a recently proposed U.S. Department of Energy (DOE) rule that could shield certain coal and nuclear plants from competitive market forces.

Article
Efficiency and Nuclear Energy: Complements, not Competitors, for a Low-Carbon Future
August 2017
To be submitted to The Electricity Journal in response to Amory Lovins, “Do Coal and Nuclear Generation Deserve Above-Market Prices?,” The Electricity Journal, July 2017, Vol. 30, Issue 6, Pages 22-30.
Report
Ohio Nuclear Power Plants' Contribution to the State Economy
April 25, 2017
Prepared for Nuclear Matters

This report 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.

Presentation
Hurry or Wait? Pacing the Roll-Out of Renewables in the face of Climate Change
April 13, 2017
Presented at Boston University's Institute for Sustainable Energy's Spring 2017 Seminar Series
Report
Preserving Upstate Nuclear Saves New York Consumers Billions, Compared With Additional Renewables Beyond CES Goals
December 08, 2016
Report
Pennsylvania Nuclear Power Plants' Contribution to the State Economy
December 2016
Prepared for Pennsylvania Building and Construction Trades Council, The Pennsylvania Chamber of Business and Industry, Allegheny Conference on Community Development, and Greater Philadelphia Chamber of Commerce
Report
Nuclear Retirement Effects on CO2 Emissions: Preserving a Critical Clean Resource
December 2016
Published by The Brattle Group, Inc.
Report
Comment on "Green Overload" - an Issue Brief by the Empire Center
October 18, 2016
Report
Electricity Cost and Environmental Effects of Retiring the Quad Cities and Clinton Nuclear Plants
October 2016
Prepared for the Chicagoland Chamber of Commerce, the Illinois Hispanic Chamber of Commerce, and the Illinois Retail Merchants Association
The report estimates the effects that two Illinois nuclear plants, the Quad Cities and Clinton plants, have on electricity costs to Illinois consumers, and on emissions of CO2 and other pollutants.
Article
Preliminary Comment on New York Department of Public Service “Staff’s Responsive Proposal for Preserving Zero-Emissions Attributes”
July 12, 2016
Prepared for the New York State IBEW Utility Labor Council, Rochester Building & Construction Trades Council, and Central and Northern New York Building & Construction Trades Council
Report
Comments on the New York DPS "Clean Energy Standard White Paper – Cost Study"
April 21, 2016
Prepared for the New York State IBEW Utility Labor Council, Rochester Building & Construction Trades Council, and Central and Northern New York Building & Construction Trades Council
Report
New York’s Upstate Nuclear Power Plants’ Contribution to the State Economy
December 2015
Prepared for the New York State IBEW Utility Labor Council, Rochester Building and Construction Trades Council, and the Central and Northern New York Building and Construction Trades Council
Report
The Nuclear Industry’s Contribution to the U.S. Economy
July 07, 2015
Prepared for Nuclear Matters
Report
Policy Brief - EPA’s Proposed Clean Power Plan: Implications for States and the Electric Industry
June 2014
Published by The Brattle Group, Inc.
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
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
Article
Plugging In: Can the grid handle the coming electric vehicle load?
June 2010
Published in Public Utilities Fortnightly
Report
2010 Integrated Resource Plan for Connecticut
January 2010
Published by The Brattle Group, Inc.
Article
Promoting Use of Plug-In Electric Vehicles through Utility Industry Acquisition and Leasing of Batteries, chapter 13 of Plug-In Electric Vehicles: What Role for Washington?
2009
In Plug-In Electric Vehicles: What Role for Washington?, published by The Brookings Institution
Article
On Setting Near-Term Climate Policy While the Dust Begins to Settle: The Legacy of the Stern Review
2007
Gary Yohe, Richard S.J. Tol, and Dean M. Murphy
Published in Energy & Environment
News & Events
December 2017
Brattle Economists Evaluate Impacts of the Salem and Hope Creek Nuclear Power Plants on New Jersey's Economy and Environment

A report by Brattle Principals Mark Berkman and Dean Murphy finds that the Salem and Hope Creek nuclear power plants make substantial contributions to the environment and to the New Jersey economy.

November 30, 2017
Brattle Economists Discuss the Future of U.S. Coal Generation Fleet in ABA Article

Brattle Principals Metin Celebi, Marc Chupka, Dean Murphy, Sam Newell, and Ira Shavel recently co-authored an article that analyzes the decline in coal-generated electricity in North America and discusses the implication of a recently-proposed U.S. Department of Energy (DOE) rule that could shield certain coal and nuclear plants from competitive market forces.

April 25, 2017
Report by Brattle Economists Assesses Economic and Carbon Value of Ohio Nuclear Power Plants

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.

April 21, 2016
Report by Brattle Economists Demonstrates Benefits of Keeping Upstate NY Nuclear Power Plants Open

Brattle Principals Mark Berkman and Dean Murphy authored a report released today that reviews the New York State Department of Public Service’s (DPS) findings on the environmental and economic benefits of keeping upstate nuclear power plants open by leveraging the proposed Clean Energy Standards (CES).

December 07, 2015
Report by Brattle Economists Finds Upstate New York's Nuclear Power Plants Contribute Over $3 Billion to State's GDP

A study by Brattle principals Mark Berkman and Dean Murphy finds that Upstate New York’s three nuclear energy power plants contribute approximately $3.16 billion to the state’s gross domestic product (GDP), account for nearly 25,000 full-time jobs (direct and indirect), and provide other significant economic and societal benefits.

July 07, 2015
Report by Brattle Economists Assesses Economic and Carbon Value of Nuclear Plants

A report released by economists at The Brattle Group finds that the United States’ nuclear energy plants contribute $60 billion annually to gross domestic product (GDP), in addition to other economic and societal benefits.

June 18, 2014
Policy Brief by Brattle Economists Provides Insights into EPA’s Proposed Carbon Emission Standards for Existing Fossil Units

Brattle economists issued a policy brief that examines the primary features and implications of the Environmental Protection Agency’s (EPA) proposed CO2 emissions standards for existing fossil units under the Clean Air Act (CAA) Section 111(d).