Michael J. Vilbert
-
principal emeritus
-
San Francisco
Dr. Vilbert specializes in cost of capital, regulatory economics, financial planning, income tax disputes, and valuation.
He has advised clients on these matters in various investment and regulatory decisions. Dr. Vilbert divides his time between the firm’s Boston and San Francisco offices, working side-by-side with clients around the country.
His recent work has focused on evaluating the effects of various regulatory policy changes, such as decoupling of a company’s cost of capital and asset valuation in arbitration proceedings.
Dr. Vilbert has testified before the US Federal Energy Regulatory Commission, the Canadian National Energy Board, numerous state and provincial regulatory commissions and boards, and in federal court. He has also assisted the US Department of Justice and the US Internal Revenue Service in a variety of complex tax litigation cases.
The Wharton School of the University of Pennsylvania, PhD in Financial Economics
University of Utah, MBA
The Fletcher School of Law and Diplomacy at Tufts University, MA in International Affairs
US Air Force Academy, BS
Personal Interests
Dr. Vilbert specializes in cost of capital, regulatory economics, financial planning, income tax disputes, and valuation.
Testimony
Direct testimony before the Federal Energy Regulatory Commission, Docket No. PA10-13-000, on behalf of ITC Holdings Corp. regarding a rehearing for FERC Staff, Office of Enforcement, Division of Audits, Report on the appropriate accounting for goodwill for the acquisition of ITC Midwest assets from Interstate Power and Light Company
Report before the Arbitrator on behalf of Canadian National Railway Company in the matter of a Submission by Tolko Marketing and Sales LTD for Final Offer Arbitration of the Freight Rates and Conditions Associated with Respect to the Movement of Lumber by Canadian National Railway Company from High Level, Alberta to Various Destinations in the Vancouver, British Columbia Area
Direct and rebuttal testimony before the Michigan Public Service Commission, In the matter of the application of The Detroit Edison Company, for authority to increase its rates, amend its rate schedules and rules governing the distribution and supply of electric energy, and for miscellaneous accounting authority, Case No. U-16472
Direct testimony before the Federal Energy Regulatory Commission, Docket No. ER11-013-000, on behalf of the Atlantic Wind Connection Companies, on the Cost of Capital and Cost of Capital incentive adders for Electric Transmission Assets