Professional and Academic Experience

2001–02
Senior Advisor
International Energy Agency, Paris
Funded by Swedish Energy Ministry; Principal areas of research: i) European transmission network governance, regulation and pricing ii) Portfolio-based valuation and costing to implement EU energy diversity/security objectives with implications for DG/RE.

1991–00
Independent Economist
Nashua, NH
Sponsored research and consulting; energy policy/planning, electricity deregulation, portfolio-based technology valuation, transmission policy/pricing, capital budgeting and activity-based costing for new process technologies.

1986-93
Assistant Professor of Finance
College of Management, UMass-Lowell
Graduate and undergraduate courses in: Corporate and Regulatory Finance, Capital Budgeting Under Uncertainty, Investment Analysis, Analytical Methods for Manufacturing and New Technology Adoption (on leave 9/91 – 9/93).

1980–86
Chief, Economic and Policy Studies
Utility Intervention, NY State Executive Department
Testimony and research: economic versus accounting measures of income and wealth, economic depreciation, industrial maturation, technological innovation, capital structure and cost of capital.

1977–80
Managing Partner and Co-Founder
Tibbits Associates, Troy, NY
Architectural Housing Development, adaptive re-use and rehabilitation, project finance.

1976–77
Policy Analyst, Governors Economic Development Board
NY State Executive Department
State and local regulatory policy, economic develop-ment initiatives, innovation and economic development, statewide cash management and linked-deposit systems.

1975–76
Director, Policy Analysis and Planning Project
NY State Education Department
Non-linear, multi-criteria optimization to evaluate the effect of public finance delivery policies on higher education demand and on the financial viability of the state’s 230 post-secondary schools; Advisory Committee composed of industry and education leaders.

1974–75
Senior Consultant
Ernst & Whinney, Washington, D.C.
Regional economic development, transportation, tax policy, energy planning using regional input-output models and energy-sensitive SIC groups.

1971–73
Committee Counsel, Standing Committee on Environmental Conservation
NY State Assembly
Technical and economic assessment of major legislation including environmental impact statements and land use policy.