Dr. Martin S. Fullenbaum is a Senior Consultant at Exeter with 25 years of experience in utility regulation and energy economics. His expertise is in utility regulation and ratemaking, including cost-of-service, rate design, antitrust, municipal profitability, and financial analysis.

Dr. Fullenbaum has prepared power supply simulation studies and rate design analyses in connection with the power supply portfolio of a federal agency. Dr. Fullenbaum has participated in studies to gauge the effect of restructuring upon electric rates, power supply contract negotiations and supervised rate simulation, optimization studies for a federal agency. Dr. Fullenbaum has also prepared avoided cost studies for use in procurement purposes for a federal agency.

Dr. Fullenbaum has testified on utility rate of return studies, has testified on planning studies before the Maryland Public Service Commission, and participated in numerous aspects electric utility restructuring. The work on restructuring has included studies to separate distribution from transmission facilities (pursuant to FERC Order No. 888), stranded cost analyses, and evaluation of terms and provisions of open access transmission tariffs.