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Mr. Kline’s areas of expertise include electricity markets and regulation, financial accounting, corporate finance, asset valuation, international arbitration, market manipulation, and fraud.

He has provided both commercial advice and litigation support to private equity firms, investment banks, merchant developers, and utilities. His work has included assessment of the impact of environmental and regulatory proposals on consumers and generators of electricity, valuation of merchant and contracted electric generating and transmission assets, evaluation of the adjusted production cost benefits of new transmission, analysis of the economic substance of structured financial transactions, and damages analyses.

Mr. Kline has worked extensively on the modeling of electricity systems. His experience includes locational marginal pricing models, environmental policy and long term planning models, and loss of load expectation models. He has worked on projects throughout the Eastern Interconnection, the Western Electricity Coordinating Council, and the Electric Reliability Council of Texas.

Prior to joining The Brattle Group, Mr. Kline was a principal at the Berkeley Research Group and an associate principal at Charles River Associates.

Representative Engagements
Renewable energy and international arbitration
Led the damages analysis of a NAFTA arbitration relating to the lost profits and sunk development costs of four early stage wind farms in Ontario.
Merchant transmission analysis
Analyzed and valued a proposed put option on rights to a DC tie between New York City and PJM. The analysis was prepared for a municipality interested in acquiring the transmission rights as part of its due diligence process.
PJM power plant valuation
Conducted appraisal of the Fair Market Value of a base load coal fired power plant in western Pennsylvania.
Energy market modeling of bidding strategies
Analyzed impact on ERCOT electricity prices of a generator’s proposed Voluntary Mitigation Plan (VMP) that would give the generator safe harbor to bid into the market at prices above short run marginal cost.
Enron fraudulent accounting and damages analysis
Analyzed accounting transactions designed to inflate earnings and mask liabilities and calculated the damages resulting from that fraud as part of a case on behalf of the unsecured creditors committee of the Enron estate in Enron Creditors Recovery Corp. v. Citigroup.
Publications
Report
Defining Reliability for a New Grid: Maintaining Reliability and Resilience through Competitive Markets
May 3, 2018
Prepared for the American Petroleum Institute (API)
Report
Diversity of Reliability Attributes: A Key Component of the Modern Grid
May 17, 2017
Prepared for the American Petroleum Institute
The report 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.
Report
Review of the Renewable Denton Plan: Final Report
June 10, 2016
Prepared for City Manager George Campbell, City of Denton, Texas
Report
The Clean Power Plan: Focus on Implementation and Compliance
January 2016
Published by The Brattle Group, Inc.
Article
California GHG Cap-and-Trade and Resource Shuffling
February 2013
Michael A. Kline and Barclay Gibbs
Published in Power Engineering
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
News & Events
July 17, 2017
Michael Kline to Present at National Association of Regulatory Utility Commissioners’ Summer Policy Summit

Brattle Senior Associate Michael Kline will present at the National Association of Regulatory Utility Commissioners’ (NARUC) Summer Policy Summit, taking place July 17-19, 2017 in San Diego, CA.

June 27, 2017
Brattle Economists Identify Key Attributes for Ensuring Electric Grid Reliability with Increased Variable Energy

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.

January 06, 2016
Policy Brief by Brattle Economists Examines Compliance and Implementation Options Under EPA’s Clean Power Plan

Economists at The Brattle Group issued a policy brief that examines the compliance and implementation challenges facing states and utilities under the Environmental Protection Agency’s (EPA) proposed CO2 emissions standards for existing fossil units under the Clean Air Act (CAA) Section 111(d), known as the Clean Power Plan (CPP).

August 21, 2014
Testimony by Principal Bob Mudge Key to Ameren Win in $500 Million Rate Dispute Before Missouri Public Service Commission

Testimony provided by Brattle principal Bob Mudge underpinned key criteria cited by the Missouri Public Service Commission in a unanimous ruling against Ameren’s largest customer, Noranda Aluminum, Inc.

Personal Interests

Mike grew up in Florida before moving to Washington, DC to attend college. He currently lives in Arlington, Virginia with his wife Elizabeth. He loves to cook and will happily explain his latest kitchen gadget to anyone willing to listen.