Summary of Experience
Lisa M. Quilici, Senior Vice President, is a financial and economic consultant with more than 20 years of experience in the energy industry. She has provided advisory services in the areas of mergers and acquisitions, asset divestitures and purchases, strategic planning, valuation, and rate and regulatory matters to clients across North America. Ms. Quilici has extensive experience in the development and implementation of divestiture programs for nuclear, fossil and hydroelectric generation asset and non-regulated energy marketing and energy services affiliates, with an aggregate valuation in excess of $20 billion. Ms. Quilici has provided senior executive and Board-level strategic advisory services, including the assessment of corporate consolidations, joint venture opportunities and other strategic initiatives, assessments of business unit alternatives, and regulatory strategies to a variety of confidential clients throughout North America. Ms. Quilici has provided expert testimony regarding transaction and ratemaking matters before state utility commissions. She has previously served in managerial and executive positions for a regulatory commission and for major energy consulting firms, acting as an assistant director of the Massachusetts Department of Telecommunications and Energy, a Vice President of Reed Consulting Group, and, most recently, a Managing Director of Navigant Consulting, Inc.
M.B.A., Northeastern University
Certificate Program in Employee Relations, Rutgers University
B.A., Purdue University
Colorado Public Utilities Commission; Indiana Utility Regulatory Commission; Iowa Utilities Board; New York Public Service Commission; Wisconsin Public Service Commission
We conducted an analysis on the highest and best use of a local distribution company’s (“LDC”) assets. Specifically, we: Analyzed the value of potential supplemental service offerings and alternative uses of the LDC’s infrastructure in an effort to optimize the utility of these assets while maintaining reliable service to existing customers. Assessed the potential for broader […]
As part of our work in a proposed utility merger, our team modeled the broader economic impacts to the impacted state of a proposed electric rate reduction for all the utility’s electric customers using IMPLAN’s macroeconomic input-output model. The IMPLAN analysis quantified the amount of incremental economic activity, employment, and gross regional product generated in […]
We supported the client’s process of developing a Certificate of Necessity and Integrated Resource Plan filing for its public service commission for the purpose of receiving approval to build a clean coal project. We reviewed integrated resource plan assumptions, new construction cost estimates, review of Strategist model outputs, overall guidance and assessment of the Certificate […]
Our utility client owns and operates coal-fired generating stations in the Midwestern U.S. Following the decision to retire certain coal-fired generating assets, the company’s decommissioning team was faced with the challenge of determining how to realize each retired site’s highest and best use. The goal was to find the best use for each site specific […]
We performed an independent evaluation and filed associated expert testimony of the relative economics, risks and benefits of two proposals for new wind resources on behalf of our utility client.
We provided assistance with a RFP for reliability services related to the retirement of the client’s power generating facility. This work involved a review of the RFP, including the review of key commercial terms and regulatory requirements, and development of the models and methodology to be used for the evaluation of bids. We also conducted the […]
On behalf of a public utilities commission, we reviewed the reasonableness of a member-owned, not-for-profit, generation and transmission cooperative’s Mitigation Plan. In particular, we reviewed the ability of its coal-generating fleet to be competitive and to make sales of capacity and energy in the wholesale markets, evaluating wholesale power contracts, reviewing the steps taken to idle or […]
Our role as lead financial advisor in the sales of generating assets has included the development and negotiation of power purchase agreements (“PPAs”), including: Development of form of PPA upon which to solicit proposals Development of pricing parameter (e.g., cost of service and market prices) to use in evaluation of proposals Review of bidder feedback […]
We provided advisory services pertaining to potential acquisitions of U.S. energy companies. We provided a detailed overview and technical assessment of the North American energy industry to help the client better understand the industry and regulatory landscape in which they may invest. The assessment included a detailed overview of the electric and natural gas industries […]
We provided advisory services pertaining to a potential acquisition of a large North American electric transmission company. We assisted the client in understanding the regulatory landscape applicable to the company and related wholesale power market issues arising from its interaction with the governing electric system operator.
We managed all of our client’s overall transmission-related U.S. Department of Energy (“DOE”) loan guarantee effort. Working with the client’s internal team and its other outside advisors, our team was responsible for insuring that the client was well-positioned to have its application favorably received by the DOE, all required documentation for the application was completed and filed […]
We assisted the client with its filing of the $9 billion U.S. Department of Energy (“DOE”) loan guarantee application. We reviewed the feasibility of the project, evaluated the reactor technologies from a risk standpoint, attended meetings with the DOE on behalf of the client, responded to requests for additional information, and developed alternative financing plans. Throughout the assignment, […]
We are providing services in support of our client’s proposed acquisition an island electric utility. Our expert is the lead expert presented by the applicants in this proceeding and is the primary witness on all regulatory policy, merger benefits, and merger commitment issues.
We filed testimony in support of a merger of two energy companies before three state regulatory commissions. Our work addressed the respective jurisdictional requirements for a regulated utility merger in each jurisdiction, summarized a comprehensive review of potential synergy savings, and discussed the areas for potential integration savings following the successful completion of the proposed merger.
We have provided litigation support and expert testimony to clients in six separate legal proceedings before the U.S. Court of Federal Claims on the government’s breach of the Standard Contract for spent nuclear fuel disposal. We screened and analyzed more than a hundred thousand pages of discovery materials in these cases, advised the clients’ legal […]
We provided pre-audit and audit support services to a multi-jurisdictional combination utility. We worked closely with the client’s executive management team to prepare the client for the commission-ordered management audit and to develop a consistent, constructive approach to addressing key findings and recommendations by the audit firm. Our pre-audit process covered areas of corporate governance, […]
Following the completion of major construction activities at the client’s coal-fired generating units, we reviewed the client’s efforts to develop and construct the project. We reviewed and opined as to the prudence of the project management practices utilized to construct this project, including the client’s initial cost estimation efforts, risk management process, organizational structure, project […]
We supported a utility in evaluating its electric pricing policies, programs and tariffs. Specifically, we: Assessed potential impact of distributed generation and other emerging industry trends on the client’s rate design and tariffs. Refined the client’s rate design goals and “strategy” in response to the emerging industry trends. Identified “gaps” in the existing tariff and rate design, […]
We provided an assessment of strategic alternatives for the client’s nuclear generating facility. We then supported the client with the sale of nuclear plant and acted as financial advisor and auction manager for that process. We prepared an offering memorandum, managed a highly technical and intensive due diligence process, solicited and evaluated bids, negotiated the […]
The client wanted to carefully consider all of its strategic alternatives for its two nuclear generating units, including continuing to have them operated by the existing operating company, switching to a new contract operator, selling all or part of the units, maintaining rights to future generation development, and combinations of these alternatives. We were retained […]
Representative examples of our staff’s transaction management experience include:
We assisted a utility with the design, administration and evaluation of its power supply procurement processes. Specifically, we developed and administered the request for proposals (“RFP”), managed the due diligence process for interested parties, supported the development of transaction terms and documents, provided a preliminary review and modeling of bids received, identified the short list of […]