Filed Testimony

Expert Testimony in over 400 utility cases in twenty-five states

Prominent and Noteworthy Expert Witness Testimony Filed Recently

  • General Rate Case for four Major California Energy Utilities in August 2019, where RFC’s cost of equity calculations used stock option prices to measure investor expectations (proxy group betas and equity risk premium) directly
  • General Rate Case for four California Class A Water Companies in August 2017, where the ALJ recommended the California Public Utilities Commission adopt RFC’s testimony and the final authorized returns on equity were between 8.20% and 8.90%
  • General Rate Case for Blue Granite Water Company in South Carolina in January 2020, where the Public Service Commission of South Carolina fully adopted RFC’s return on equity recommendation of 7.46%

Expert Witness testimony filed in the last 15 years

California

  • San Diego Gas & Electric Company, Application 19-04-017, Rate of Return, August 2019
  • Southern California Gas Company, Application 19-04-016, Rate of Return, August 2019
  • Pacific Gas and Electric Company, Application 19-04-015, Rate of Return, August 2019
  • Southern California Edison, Application 19-04-014, Rate of Return, August 2019
  • Liberty Utilities, Application A.18-05-006, Rate of Return, August 2018
  • San Gabriel Water Company, Application A.18-05-005, Rate of Return, August 2018
  • Suburban Water Company, Application A.18-05-004, Rate of Return, August 2018
  • Great Oaks Water Company, Application A.18-05-001, Rate of Return, August 2018
  • California Water Service Company, Application A.17-04-006, Rate of Return, August 2017
  • California American Water Company, Application A.17-04-003, Rate of Return, August 2017
  • Golden State Water Company, Application A.17-04-002, Rate of Return, August 2017
  • San Jose Water Company, Application A.17-04-001, Rate of Return, August 2017

Colorado

  • Public Service Company of Colorado, Docket No. 11AL-947E, Rate of Return, March 2012

Connecticut

  • United Water Connecticut, Docket No. 07-05-44, Rate of Return, November 2008
  • Valley Water Systems, Docket No. 06-10-07, Rate of Return, May 2007

Delaware

  • Tidewater Utilities, Inc., PSC Docket No. 11-397, Rate of Return, April 2012
  • Delmarva Power & Light, PSC Docket No. 09-414, Rate of Return, February 2010
  • Delmarva Power & Light, PSC Docket No. 09-276T, Rate of Return, February 2010

Florida

  • Florida Power & Light (FPL), Docket No. 070001-EI, October 2007
  • Florida Power Corp., Docket No. 060001 Fuel Clause, September 2007

New Jersey

  • Aqua New Jersey, Inc., BPU Docket No. WR11120859, Rate of Return, April 2012

Maryland

  • Delmarva Power & Light, Case No. 9317, Rate of Return, June 2013
  • Columbia Gas of Maryland, Case No. 9316, Rate of Return, May 2013
  • Potomac Electric Power Company, Case No. 9286, Rate of Return, March 2012
  • Delmarva Power & Light, Case No. 9285, Rate of Return, March 2012

North Dakota

  • Otter Tail Power Company, Case No. PU-17-398, Rate of Return, May 2018
  • Montana-Dakota Utilities Co., Case No. PU-15-90, Rate of Return, August 2015
  • Northern States Power, Case No. PU-400-04-578, Rate of Return, March 2005

Pennsylvania

  • Twin Lakes Utilities, Inc., Docket No. R-2019-3010958, Rate of Return, October 2019
  • City of Lancaster Sewer Fund, Docket No. R-2019-3010955, Rate of Return, October 2019
  • Community Utilities of Pennsylvania Inc. Wastewater Division, Docket No. R-2019-3008948, Rate of Return, July 2019
  • Community Utilities of Pennsylvania Inc. Water Division, Docket No. R-2019-3008947, Rate of Return, July 2019
  • Newtown Artesian Water Company, Docket No. R-20019-3006904, Rate of Return, May 2019
  • Hidden Valley Utility Services, L.P. – Wastewater Division, Docket No. R-2018-3001307, Rate of Return, September 2018
  • Hidden Valley Utility Services, L.P. – Water Division, Docket No. R-2018-3001306, Rate of Return, September 2018
  • The York Water Company, Docket No. R-2018-3000019, Rate of Return, August 2018
  • SUEZ PA Pennsylvania, Inc., Docket No. R-2018-000834, Rate of Return, July 2018
  • UGI Utilities, Inc. – Electric Division, Docket No. R-2017-2640058, Rate of Return, April 2018
  • Wellsboro Electric Company, Docket No. R-2016-2531551, Rate of Return, December 2016
  • Citizens’ Electric Company of Lewisburg, PA, Docket No. R-2016-2531550, Rate of Return, December 2016
  • Columbia Gas of Pennsylvania, Inc., Docket No. R-2016-2529660, Rate of Return, June 2016
  • Columbia Gas of Pennsylvania, Inc., Docket No. R-2015-2468056, Rate of Return, June 2015
  • Pike County Light & Power Company, Docket No. R-2013-2397353 (gas), Rate of Return, April 2014
  • Pike County Light & Power Company, Docket No. R-2013-2397237 (electric), Rate of Return, April 2014
  • Columbia Water Company, Docket No. R-2013-2360798, Rate of Return, August 2013
  • Peoples TWP LLC, Docket No. R-2013-2355886, Rate of Return, July 2013
  • City of Dubois – Bureau of Water, Docket No. R-2013-2350509, Rate of Return, July 2013
  • City of Lancaster – Sewer Fund, Docket No. R-2012-2310366, Rate of Return, December 2012
  • Wellsboro Electric Company, Docket No. R-2010-2172665, Rate of Return, September 2010
  • Citizens’ Electric Company of Lewisburg, PA, Docket No. R-2010-2172662, Rate of Return, September 2010
  • T.W. Phillips Gas and Oil Company, Docket No. R-2010-2167797, Rate of Return, August 2010
  • York Water Company, Docket No. R-2010-2157140, Rate of Return, August 2010
  • Joint Application of The Peoples Natural Gas Company, Dominion Resources, Inc. and Peoples Hope Gas Company LLC, Docket No. A-2008-2063737, Financial Analysis, December 2008
  • York Water Company, Docket No. R-2008-2023067, Rate of Return, August 2008

South Carolina

  • Blue Granite Water Company, Docket No. 2019-290-WS, Rate of Return, January 2020

Vermont

  • Central Vermont Public Service Corp., Docket No. 7321, Rate of Return, September 2007