Expert testimony on long-term contracts

In a large litigation case before FERC, provided testimony on the economic burden imposed by the prices in two long-term contracts that California Department of Water Resources (CDWR) signed with Shell and Iberdrola during the California energy crisis. Estimated the “down the line” economic burden by comparing the payments under the contracts to prices in comparable contracts and market prices after the end of the dysfunction. Assessed whether the contract prices could be explained by the expected future market fundamentals in the California power markets by using DAYZER market simulation software for the near-term and expected cost of installing and operating a new generation unit for the long-term.