HomeMy WebLinkAbout20160812Gaske Exhibit 4.pdfRonald L. Williams, ISB No. 3034
Williams Bradbury, P.C.
1015 W. Hays St.
Boise, ID 83702
Telephone: (208) 344-6633
Email: ron@williamsbradbury.com
Attorneys for Intermountain Gas Company
BEFORE THE IDAHO PUBLIC UTILITES COMMISSION
IN THE MATTER OF THE APPLICATION OF
INTERMOUNTAIN GAS COMPANY FOR
THE AUTHORITY TO CHANGE ITS RATES
AND CHARGES FOR NATURAL GAS
SERVICE TO NATURAL GAS CUSTOMERS
IN THE STATE OF IDAHO
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Case No. INT-G-16-02
EXHIBIT 04
CONCENTRIC ENERGY ADVISORS, INC. PAGE A-1
Exhibit 04
Case No. INT-G-16-02
S. Gaske, IGC
p. 1 of 5
J. Stephen Gaske, Ph.D.
Senior Vice President
Steve Gaske has more than 30 years of experience as an economic consultant, researcher, and professor in the
fields of public utility economics, finance, and regulation. Dr. Gaske has provided consulting services in more
than 300 regulatory, antitrust, tax, and civil proceedings. In addition, he has presented expert testimony in
more than 100 state, provincial, and federal regulatory commission hearings in Canada, the U.S. and Mexico.
AREAS OF EXPERTISE
His specialty is the application to regulated industries of inter-related principles from economics, finance and
regulatory theory. His areas of expertise include:
Finance, cost of capital, and risk analysis;
Rate design, cost allocation, cost of service, and pricing of services;
Energy markets and the economics of public utilities and energy infrastructure;
Competition and antitrust principles; and
Regulatory economics, rules, and policies.
INDUSTRY EXPERTISE
His work has involved:
Most of the major natural gas pipelines in North America;
Many electric utilities;
Many natural gas distribution companies;
Several major oil pipelines;
Railroads;
Postal Service;
Telephone and satellite telecommunications companies; and
Sewer and water companies.
REPRESENTATIVE PROJECT EXPERIENCE
Some of the projects on which Dr. Gaske has worked include:
Advisor to numerous U.S. and Canadian pipelines on economics, pricing strategies and regulatory
matters;
CONCENTRIC ENERGY ADVISORS, INC. PAGE A-2
Exhibit 04
Case No. INT-G-16-02
S. Gaske, IGC
p. 2 of 5
Development of computerized cost of service models for calculating both traditional and levelized
rates for gas and oil pipelines, and rates for electric utilities;
On behalf of a new, greenfield pipeline designed to carry Canadian gas to U.S. New England markets
he served as the rate and financial advisor during the development, permitting and financing stages.
A variety of White Papers on technical aspects of calculating the allowed rate of return for regulated
companies, including white papers submitted in proceedings involving FERC generic rate of return for
electric utilities, FERC rate of return for gas and oil pipelines, Canadian rate of return for pipelines and
utilities;
An analysis of the applicability of various finance theories to telephone ratemaking by the U. S.
Federal Communications Commission;
A study of the economic structure, risks and cost of capital of the satellite telecommunications industry;
Author of several issues of the H. Zinder & Associates Summary of Natural Gas Pipeline Rates;
Several studies of regional natural gas market competition, market power, pricing and capacity needs;
An evaluation of Federal Energy Regulatory Commission policies designed to promote liquidity in the
natural gas commodity markets;
Numerous studies of electric rate, regulatory and market issues such as canceled plant treatment, time-
differentiated rates, non-utility generation, competitive bidding, and open-access transmission;
Author of two updates of the Edison Electric Institute Glossary of Electric Utility Terms;
Several studies of pricing, contract provisions, competitive bidding programs, and transmission
practices for independent electric generation; and,
Several reports and projects on incentive regulation and the application of price cap regulation to
both electric and natural gas companies.
LITIGATION SUPPORT AND EXPERT TESTIMONY
Dr. Gaske has testified or filed testimony or affidavits in more than 100 regulatory proceedings on the
following topics:
Commission Topic
Alaska Regulatory Commission Oil Pipeline Rate of Return/Rate Base
Alberta Energy and Utilities Board Gas Pipeline Cost Allocation/Rate Design
Alberta Utilities Commission Utility Cost of Capital; Gas Pipeline Contracts and
CONCENTRIC ENERGY ADVISORS, INC. PAGE A-3
Exhibit 04
Case No. INT-G-16-02
S. Gaske, IGC
p. 3 of 5
Market Power
Colorado Board of Assessment Appeals Property Tax Discount Rate
U.S. Economic Regulatory Administration Gas Distribution Rate Design
U. S. Federal Energy Regulatory Commission Electric Transmission Rate of
Return; Gas Pipeline Cost Allocation and Rate
Design; Rate of Return and
Capital Structure; Competition;
Revenue Requirements; Oil Pipeline Rate of
Return and Pricing
Indiana Utilities Regulatory Commission Electric Cost Allocation/Rate Design
Iowa Utilities Board Electric Avoided Costs/Externalities
Maine Public Utilities Commission Electric Rate Design/Demand Management
Comision Reguladora de Energia de México Gas Pipeline Rate of Return
Montana Public Service Commission Electric/Gas Distribution Rate of Return; Electric
Cost Allocation and Rate Design
Minnesota Public Utilities Commission Gas Distribution Rate of Return
National Energy Board of Canada Gas Pipeline Cost Allocation and Rate Design; Oil
Pipeline Service Structure and Rates
New Mexico Regulatory Commission Electric Rate of Return
New York Public Service Commission Gas Pipeline Capital Structure
New Brunswick Energy and Utilities Board Gas Distribution Ratemaking
North Dakota Public Service Commission Electric/Gas Distribution Rate of Return;
Natural Gas Market Pricing; Electric Cost
Allocation and Rate Design
Nova Scotia Utility and Review Board Cost Allocation and Pricing of Bridge Access
Ontario Energy Board Rate of Return; Access to and Pricing of Gas
Pipeline Expansions; LNG Regulation
U.S. Postal Rate Commission Postal Pricing/Rate Design
CONCENTRIC ENERGY ADVISORS, INC. PAGE A-4
Exhibit 04
Case No. INT-G-16-02
S. Gaske, IGC
p. 4 of 5
Régie de l’énergie du Québec Rate of Return/Regulatory Principles
South Dakota Public Utilities Commission Gas Distribution Rate of Return
Texas Public Utilities Commission Electric Cost Allocation and Rate Design
Texas Railroad Commission Gas Pipeline Cost Allocation/Rate Design
Wisconsin Public Service Commission Electric Generation Economics
Wyoming Public Service Commission Electric/Gas Distribution Rate of Return
Wyoming Board of Equalization Property Tax Discount Rate
TEACHING/SPEAKING ENGAGEMENTS
Dr. Gaske has spoken on utility finance and economic issues before numerous professional groups. From
1983-1986, he served as Coordinator of the Edison Electric Institute Electric Rate Fundamentals Course. He
has lectured on marginal cost estimation for electric utilities at the EEI rate course, and on both low-income
rates and natural gas pipeline cost allocation and rate design before the American Gas Association Gas Rate
Fundamentals Course. In addition, Dr. Gaske has taught college courses in Public Utility Economics,
Transportation, Physical Distribution, Financial Management, Investments, Corporate Finance, and Corporate
Financial Theory.
PROFESSIONAL HISTORY
CONSULTING
Concentric Energy Advisors, Inc. (2008 – present)
Senior Vice President
H. Zinder & Associates (1988 – 2008)
President/Senior Vice-President/Consultant
Independent Consulting on Public Utility Issues (1982 - 1988)
Olson & Company, Inc. (1980 – 1981)
Public Utility Consultant
H. Zinder & Associates (1977 – 1980)
Research Assistant and Supervisor of Regulatory Research
ACADEMIC/TEACHING
Trinity University (1986 – 1988)
Assistant Professor of Finance
Indiana University School of Business (1982 - 1986)
CONCENTRIC ENERGY ADVISORS, INC. PAGE A-5
Exhibit 04
Case No. INT-G-16-02
S. Gaske, IGC
p. 5 of 5
Associate Instructor of Public Utilities and Transportation
Northern Virginia Community College (1978)
Lecturer in Accounting
EDUCATION
Ph.D., Indiana University School of Business, 1987
M.B.A., George Washington University, 1977
B.A., University of Virginia, 1975
PROFESSIONAL ASSOCIATIONS
American Economic Association
American Finance Association
American Gas Association Rate Committee (1989-2001)
Energy Bar Association
Financial Management Association