Our Team Exeter Associates, Inc.

Thomas Catlin, Vice-President, Exeter Associates THOMAS S. CATLIN
Mr. Catlin is a principal of Exeter Associates, Inc. He is a senior utility rate analyst with a combination management and analytical background. His areas of specialization are revenue requirements and cost of service. Mr. Catlin has extensive experience in the review and analysis of the operations of public utilities with an emphasis on utility rate regulation and has been involved with telephone, natural gas, electric and water companies.

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Steven Estomin, Principal, Exeter Associates STEVEN L. ESTOMIN
Dr. Estomin is a principal of Exeter Associates, Inc. whose academic training and professional experience are in the areas of microeconomic applications, industry analysis, econometric modeling and environmental economics. At Exeter, Dr. Estomin specializes in power supply procurement, utility load forecasting, regulatory policy, options analysis, utility contract negotiation, and issues of competition, antitrust, and damage estimation.

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Dwight D. Etheridge, Principal, Exeter Associates DWIGHT D. ETHERIDGE
Mr. Etheridge is a principal of Exeter Associates with twenty-three years of wide ranging experience in the electric utility industry. His areas of expertise include retail competition, energy markets, risk management and control, distributed generation,telecommunications, contract rate negotiations, rate design, cost allocation and forecasting.

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Jerome Mierzwa, Principal, Exeter Associates JEROME D. MIERZWA
Mr. Mierzwa is a principal of Exeter Associates, Inc., with over 20 years of public utility regulatory experience. At Exeter, he has been involved in purchased gas cost allocation analysis and rate design analysis, conducting management audits and similar investigations of the natural gas supply and procurement policies and practices of local distribution companies (LDCs), and has provided assistance in proceedings before the Federal Energy Regulatory Commission (FERC).

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Kevin Porter, Principal, Exeter Associates KEVIN L. PORTER
Mr. Porter is a principal of Exeter Associates, Inc., with over 25 years of experience in renewable energy technologies, state and federal regulation of the electric power industry, and transmission access and policy. He leads and performs research in the design, implementation and evaluation of renewable energy policies, on the grid integration of renewable energy technologies, and on the development and implementation of transmission policies.

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Dale Swann, Principal, Exeter Associates DALE E. SWAN
Dr. Swan is a principal of Exeter Associates, Inc with over 35 years of experience in the energy industry. His areas of expertise include energy supply planning, electric industry restructuring, utility cost allocation and rate structure design, utility contract negotiation, antitrust policy, and public utility regulation.

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Sari Fink, Economist, Exeter Associates SARI A. FINK
Ms. Fink is an economist at Exeter Associates, Inc. and works principally in the areas of renewable energy, environmental economics, and market analysis. With Exeter, Ms. Fink provides analysis on the economic impacts of energy and environmental policies.

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Martin Fullenbaum, Senior Consultant, Exeter Associates MARTIN S. FULLENBAUM
Dr. Fullenbaum is a senior consultant at Exeter Associates, Inc., with over 35 years of experience in utility regulation and energy economies. His expertise is in the area of electric utility regulation and ratemaking, including cost-of-service, rate design, utility accounting, antitrust and municipal profitability and financial analysis.

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Lafayette Morgan, Senior Regulatory Analyst, Exeter Associates LAFAYETTE K. MORGAN, JR.
Mr. Morgan is a Senior Regulatory Analyst with Exeter Associates, Inc.  At Exeter, Mr. Morgan has been involved in the analysis of the operations of public utilities with particular emphasis on rate regulation.  He has reviewed and analyzed utility rate filings, focusing primarily on revenue requirements determination.  This work includes natural gas, water, electric, and telephone utilities.

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Christina Mudd, Senior Analyst, Exeter Associates CHRISTINA R. MUDD
Ms. Mudd is a senior analyst at Exeter Associates, Inc.  She has over 15 years experience in energy efficiency, renewable energy, and climate change policy.  Ms. Mudd analyzes the availability of renewable energy resources and conducts economic assessments related to electricity and natural gas supplies and the development of energy projects.  She works primarily with state energy offices, utility regulatory commissions, and federal facility managers.

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Matthew Kahal, Exeter Associates MATTHEW I. KAHAL
Mr. Kahal is an independent consulting economist, specializing in energy economics, public utility regulation and financial analysis. Over the past two decades, his work has encompassed electric utility integrated resource planning (IRP), power plant licensing and a wide range of utility financial issues. In the financial area he has conducted numerous cost of capital studies and addressed other financial issues for electric, gas, telephone and water utilities. Mr. Kahal’s work in recent years has shifted to electric utility restructuring, mergers, and competition.

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Emma Nicholson

EMMA L. NICHOLSON
Dr. Nicholson is a senior economist at Exeter Associates, Inc. with over six years experience in the energy industry. At Exeter, Dr. Nicholson’s work entails modeling the economic impacts of proposed pricing mechanisms, market rule changes, and new infrastructure in electric power systems. She also specializes in the operation and design of energy markets, evaluates alternative energy supply options for large retail customers, and conducts econometric and statistical analyses of energy market data.
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