Brattle principals Gerald Taylor, Shaun Ledgerwood, Romkaew Broehm, and Peter Fox-Penner have authored a book that provides insights and an analytical framework for understanding the legal and economic nuances associated with energy market manipulation. Market Power and Market Manipulation in Energy Markets: From the California Crisis to the Present will be published in April 2015 by PUR Inc.
Brattle consultants have recently authored an article for the April 2015 issue of Public Utilities Fortnightly that examines whether the implementation of inclining block rates (IBRs) on energy prices leads to energy conservation.
Brattle academic advisor and Miami University professor John Bowblis provided expert testimony in the Collins v. Kodak tying case before the U.S. District Court in Cincinnati. The court’s finding in that case was recently affirmed by the U.S. Court of Appeals for the Sixth Circuit. Dr. Bowblis’ report was directly cited in the appellate court’s decision.
A report recently released by Brattle economists finds that the deployment of grid-integrated distributed electricity storage in Texas could provide substantial net benefits to the power system in ERCOT and its electricity customers. The report evaluates whether storage could be cost-effectively deployed from the perspectives of retail customers, wholesale electricity market participants, and the combined system or “society as a whole” while maintaining wholesale power prices that continue to support necessary generation investments.
Brattle academic advisor Aaron Edlin, a professor of law and economics at the University of California, Berkeley, recently co-authored the article “Letting Dentists Feel the Bite of Competition,” published in the Wall Street Journal.
Brattle principal David Sunding recently served as the damages expert for the state of Nebraska in the U.S. Supreme Court case, State of Kansas v. State of Nebraska and State of Colorado, in which Kansas sought more than $80 million in damages from Nebraska for taking more than its share of water from the Republican River Basin.
Economists from The Brattle Group recently completed a study on dietary trends and the rising rates of obesity in the United States. The report finds that Americans are facing a substantial increase in obesity, despite general adherence to the nutrition advice of the American Heart Association and the United States Departments of Agriculture and Health and Human Services.
Empirical literature documents that acquirers of public targets earn zero or negative announcement period returns, while acquirers of both private and subsidiary targets earn positive returns. Brattle principal Torben Voetmann recently co-authored a paper in the Journal of Corporate Finance that attempts to explain this differential.
Consultants at The Brattle Group recently assisted ERCOT in improving its long term transmission planning process.
Brattle consultants released a report analyzing concerns raised by the North American Electric Reliability Corporation (NERC) in its Initial Reliability Review (IRR) about the impact of the Environmental Protection Agency’s (EPA) proposed Clean Power Plan (CPP) for reducing carbon emissions.
Brattle associate Neil Lessem was recently featured in a Washington Post article that discusses the various motivations that consumers have when it comes to energy conservation and how these motivations may vary with political or ideological beliefs.
Brattle principal Dr. Andrew Abere contributed to an amicus curiae brief submitted by the Patents and Antitrust Committees of the New York City Bar Association (NYCBA) in a case currently before Supreme Court that proposes that the Court overrule its 1964 decision in Brulotte v. Thys Co. in which it held that a royalty agreement that extends beyond the expiration of the patent term is unlawful per se.
The Brattle Group has announced that Joshua Gans has joined the firm’s network of internationally renowned experts as an academic advisor.
Brattle principal Bruce Tsuchida recently authored an article that was published in the February 2015 issue of North American Wind Power. The article, “What the Islands Can Teach Us About Hybrid Energy,” discusses how adopting hybrid systems such as those found in the Caribbean islands can help accommodate more renewable resources while also increasing grid resiliency.
Principal Jürgen Weiss has authored an article for the January 2015 issue of Electricity Policy’s Electricity Daily that discusses Germany’s transition away from fossil fuel generation toward renewable energy. In particular, Dr. Weiss’ article examines the lessons from Germany’s experience that can be applied to the U.S.
Principal Ahmad Faruqui has been featured in a recent Washington Post article that examines the reasons why smart meters have yet to transform energy consumption habits.
Brattle economists Lisa Cameron and Steven Herscovici recently assisted in preparing an amici curiae brief in support of the defendants-appellants Actavis PLC and its subsidiary, Forest Laboratories LLC, in an antitrust case in the United States Court of Appeals for the Second Circuit.
Principals Ahmad Faruqui and Ryan Hledik have authored a report for the Salt River Project (SRP) that provides an evaluation of SRP’s proposal to introduce a new rate for residential customers who are planning to install distributed generation (DG) capability. Through their evaluation of the SRP proposal, the authors identify a way to restore fairness in rate design for DG customers that may be of interest to all utilities with residential DG customers.
Brattle consultants have co-authored a study for the Independent Electricity System Operator that provides an impact evaluation of Ontario’s province-wide roll-out of Time-of-Use (TOU) rates for its residential and general service customers.
The Brattle Group is pleased to announce the promotion of Toby Brown, Ryan Hledik, and Kathleen Spees to principal.
The Brattle Group Prizes for best papers in Corporate Finance for 2014, judged to be exceptional by the associate editors of The Journal of Finance, were awarded at the 2014 American Finance Association's Annual Meeting in Boston, MA on January 3-5, 2015.
Brattle principal Jürgen Weiss was recently featured in the Climate Change Business Journal discussing how Clean Power Plan (CPP) compliance strategies based on renewable power will be integrated with renewable energy credit (REC) markets.
Brattle principals Paul Hinton and Michael Cragg recently co-authored an article for the January 2015 issue of Financier Worldwide that discusses how the technological evolution of the U.S. equity market’s microstructure and competitive forces may have combined to produce this paradox, the implications for market performance, and the dilemma this poses for regulators.
Brattle principal Paul Carpenter has been featured in an article from the December 21, 2014 issue of Petroleum News that discusses the long-term pricing outlook of Alaska’s oil and gas markets.
Brattle principal Marc Chupka has been featured in an article from the December 25, 2014 issue of The New York Times that discusses a new rule issued by the Environmental Protection Agency (EPA) governing carbon emissions from power plants. Among the most complicated issues is how to treat existing nuclear power plants, many of whom are threatened with shutdowns because cheap natural gas has made their reactors uncompetitive.
A Brattle report authored by principals Kevin Neels and Mark Berkman, “A Review of the Pipeline and Hazardous Materials Safety Administration’s Draft Regulatory Impact Analysis,” was recently cited in The Wall Street Journal’s recent article “Railcar Bottleneck Looms for Oil.”
Brattle principal Andrew Abere and senior consultant Michelle Cleary recently co-authored an article in Perspectives in Antitrust, a publication of the Antitrust Law Section of the American Bar Association, on working with economic experts.
A study authored by economists at The Brattle Group identifies the factors that impact the desirability of developing 5,000 to 10,000 MW of renewable generation in Nebraska for export purposes. Prepared for the Nebraska Power Review Board (PRB) and submitted to the Nebraska Legislature for consideration today, the study also presents options available to policy makers to meet the state’s economic development objectives.
Brattle principal Judy Chang was recently featured during an NPR segment addressing the tension between electric utilities and firms that provide new technologies, such as rooftop solar, that are reducing the demand to generate more electricity.
The Brattle Group was recently named one of the top economic consultancies by Global Competition Review's (GCR) 15th Annual "Economics 21".
State Street Global Exchange recently announced a new collaboration with the Private Capital Research Institute (PCRI), a non-profit organization founded by Brattle academic advisor Josh Lerner, the Jacob H. Schiff Professor of Investment Banking at Harvard Business School.
Last week the record for Starr International Co. Inc. et al. v. U.S. closed after 37 days of trial. This epic case involves the shareholders of American International Group Inc. (AIG) claiming compensation of nearly $50 billion for the U.S. Government’s taking and/or illegally exacting 79.9 percent of shareholders’ equity at the peak of the financial crisis the day after Lehman failed. The team supported the testimony of Brattle principal Michael Cragg who testified over the course of five days.
A report authored by Brattle economists finds that a new rule for rail tank car standards proposed by the U.S. Department of Transportation (DOT) could cost more than $60 billion due to tank cars modifications, lost tank car service time, and possible increased shipping costs.
On November 17th, consultants from Brattle’s utilities practice hosted a roundtable discussion on the future of residential rate design for the electric industry.
Through a competitive bidding process conducted by Brattle economists, FirstEnergy Corp.’s subsidiaries Metropolitan Edison Company, Pennsylvania Electric Company, and Pennsylvania Power Company have successfully solicited contracts for 48,500 Solar Photovoltaic Alternative Energy Credits annually over a two-year period.
Testimony provided by Brattle consultants supported a FERC order affirming the initial decision in the matter of San Diego Gas & Elec. Co. v. Sellers of Energy and Ancillary Servs, which found power suppliers engaged in manipulative behavior during the California Energy Crisis.
Four Brattle principals have been recognized as among the world’s top international arbitration experts by Global Arbitration Review in their annual survey, Who’s Who Legal: Arbitration.
A report by Brattle economists finds that the deployment of grid-integrated distributed electricity storage in Texas could provide substantial net benefits to the power system in ERCOT and its electricity customers.
The Brattle Group was recently featured in a Bloomberg Businessweek article, “Breathing Cleaner Air to Cost Americans on Utility Bills,” which outlines the implications U.S. electricity markets will face as clean-air regulations shut down more coal-fired power plants, forcing producers to rely more on natural gas.
Peter Fox-Penner recently co-authored the article “Resilient and Sustainable Infrastructure for Urban Energy Systems,” which is featured in the October issue of the Solutions journal.
A team of Brattle economists, led by principal Pinar Bagci, advised Nynas AB on the acquisition of a specialty base oil manufacturer of certain refinery assets operated by Shell Deutschland.
Brattle principal Peter Fox-Penner recently joined the Board of Directors of LRI Energy Solutions (LRI), a leading provider of lighting and water building efficiency services located in Gambrills, MD.