Mr. Graves specializes in regulatory and financial economics, especially for electric and gas utilities, and in litigation matters related to securities litigation and risk management.

He has over 30 years of experience assisting utilities in forecasting, valuation, and risk analysis of many kinds of long-range planning and service design decisions, such as generation and network capacity expansion, supply procurement and cost recovery mechanisms, network flow modeling, renewable asset selection and contracting, and hedging strategies. He has testified before the Federal Energy Regulatory Commission (FERC) and many state regulatory commissions, as well as in state and federal courts, on such matters as integrated resource planning (IRP), the prudence of prior investment and contracting decisions, risk management, costs and benefits of new services, policy options for industry restructuring, adequacy of market competition, and competitive implications of proposed mergers and acquisitions.

In the area of financial economics, he has assisted and testified in civil cases in regard to contract damages estimation, securities litigation suits, special purpose audits, tax disputes, risk management, and cost of capital estimation, and testified in criminal cases regarding corporate executives’ culpability for securities fraud.

Practices
Education

MIT Sloan School of Management, MS, concentration in Finance
Indiana University, BA in Mathematics

Personal Interests

Frank is an active professional violinist, performing frequently with freelance orchestra groups in the Boston area.

He has a second degree black belt in tae kwon do, which is his main form of exercise.

In addition, Frank is an avid birdwatcher and wine aficionado.

Testimony

September 1, 2016

Direct testimony in regard to a claim for a share of lime consumption reduction costs obtained by Plum Point as one of SMEPA’s power plant operator/suppliers, on behalf of SMEPA, before the American Arbitration Association in the matter of Southwest Mississippi Electric Power Association vs. Plum Point Energy Associates, Case No. 01-15-0002-6062

September 2016

Direct testimony in regard to a claim for a share of lime consumption reduction costs obtained by Plum Point as one of SMEPA’s power plant operator/suppliers, on behalf of SMEPA, before the American Arbitration Association in the matter of Southwest Mississippi Electric Power Association vs. Plum Point Energy Associates, Case No. 01-15-0002-6062

July 27, 2015 (direct), January 19, 2016 (rebuttal), and March 14, 2016 (supplemental)

Direct, Rebuttal and Supplementary Rebuttal reports regarding damages from loss of a nuclear generation facility, on behalf of Southern California Edison Company, Edison Material Supply LLC., San Diego Gas and Electric Company and City of Riverside before the International Chamber of Commerce in the matter of Southern California Edison v. Mitsubishi Nuclear Energy Systems, Inc. and Mitsubishi Heavy Industries, Ltd., Case No. 19784/AGF/RD

July 27, 2015 (direct), January 19, 2016 (rebuttal), and March 14, 2016 (supplemental)

Direct, Rebuttal and Supplementary Rebuttal reports regarding damages from loss of a nuclear generation facility, on behalf of Southern California Edison Company, Edison Material Supply LLC., San Diego Gas and Electric Company and City of Riverside before the International Chamber of Commerce in the matter of Southern California Edison v. Mitsubishi Nuclear Energy Systems, Inc. and Mitsubishi Heavy Industries, Ltd., Case No. 19784/AGF/RD