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.
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.
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.
Conducted appraisal of the Fair Market Value of a base load coal fired power plant in western Pennsylvania.
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.
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.
Review of the Renewable Denton Plan: Final Report
June 10, 2016
Prepared for City Manager George Campbell, City of Denton, Texas
The Clean Power Plan: Focus on Implementation and Compliance
Published by The Brattle Group, Inc.
California GHG Cap-and-Trade and Resource Shuffling
Published in Power Engineering
Implications of FERC Staff Recommendation to Lower the Base ROE for Transmission in New England
Published in USAEE Dialogue, Volume 23
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.
University of Pennsylvania, MBA
Georgetown University, B.A. in Economics