Concentric Energy Advisors
The Concentric Connection • August, 2017
Concentric Energy Advisors
Looking Backward, Moving Forward

As we celebrate Concentric’s 15th anniversary, we asked those who have been with us from the beginning to share their thoughts on the journey over the last 15 years.  

Thank you to John Reed, Ann Bulkley, Fred Lowther, Lisa Quilici, Bob Yardley, and Toby Bishop for your contributions to this article. 

By Alexis Podedworny and Gwen Walsh

John Reed, Chairman and Chief Executive Officer
I enjoy being an ambassador for the firm.  I like working to attract new clients, and recruiting new employees to join the firm.  We have continuously evolved and improved over the years.  If you don’t like something, work on how you can change it.  For example, we started with no Canadian work, and now 1/3 of our projects come from Canada.  We had always envisioned opening new offices, and it’s exciting that we have opened two – in Calgary and Chicago – in the last year. 

I like to remember the spirit in which the firm was founded.  We purchased furniture from another company that went out of business, and everyone literally got their hands dirty setting up the office.  There were no salaries at that time, and it was a little nerve wracking, but we had faith in our ability to create something successful.  Each person was responsible for purchasing items for the office, using their own credit card, which was a jump start for the company’s equity.  But in the end, we built a strong team of people that I would not trade for anyone.  These are the “good ‘ole days” for me.

Ann Bulkley, Senior Vice President
15 years is a big landmark for a company this size, and I feel pride in this company, and what we have built together.  When I joined the firm in 2002, there were only about eight people, and I wondered if we would be able to recreate the brand recognition we had at Reed Consulting.  We focused on quality work and growing skill sets across multiple disciplines, and are now a very notable brand in the marketplace.  Our expansion has been driven by our high-quality work and reputation; it’s always exciting when an existing client sees our work as a cut above the rest, and refers us to a new part of the industry. 

I also think of Concentric as a second family.  I’ve watched so many of my colleagues get married, or have kids.  And like a family, we also stick together during the tough times.  We have a sense of community here that you can’t find in most other firms, and I think that is impressive. 

One of the other things that are so notable about this organization is John Reed’s genuine thanks to the staff for their hard work and contributions to successes of the organization.  He makes it clear that it is the whole team that is successful together, and he genuinely appreciates every single person.  This sets the tone for how everyone interacts.  We’ve created a great work environment, hopefully, one where people feel that it is more than just coming to work every day.  

Fred Lowther, Board Member
My favorite work with Concentric over the past 15 years has been in the development of the gas market in the Northeast U.S., which really began with the Iroquois Pipeline in 1991.  I enjoyed interacting with both the supply and demand side of the market, which involved entering into contracts with Canadian producers, building pipelines, expanding pipelines.  It was interesting to watch the market evolve, and work with Concentric people throughout that evolution.  

The Concentric board is the 15th board I’ve served on, some of which were public, some privately held.  Concentric is the most impressive for two reasons: first, the quality of the people and the work they produce, and secondly is the cultural values of the organization.  They are a competent and efficient team.

Lisa Quilici, Senior Vice President
I’m proud of Concentric’s longevity, and our commitment to each other and our clients.  It is unusual to have a business model and a team of people working together for so long, and still be putting out good work and getting sincere satisfaction from what they are doing.  I value the loyalty, perseverance, history, and sense of family we have built here. 

My favorite part of my job is when I get to become a part of a client’s team.  That really keeps things exciting and keeps the opportunities to grow, learn and develop ever-present.  It’s satisfying to help a client achieve what they want and lead them in a positive direction, and over the course of years becoming professional friends.  It’s the ultimate demonstration of good work product when clients utilize us without reservation to help with the most difficult issues they face, whether its regulatory, market, or transactional.  

When we formed the company, we were conscious of the fact that we are stronger as a group, that the whole is much greater than the sum of its parts.  Every one of us really has the ability to influence how the firm moves forward, and as we develop junior staff and refer work to colleagues, we are charting the next decade of the firm.  What we are fundamentally will change over time, and that’s good, that’s exciting.

Robert Yardley, Senior Vice President 

Over my past five years at Concentric, I have really enjoyed watching our new employees grow, and thrive, in the firm and in the industry as a whole. Fifteen years is a long time, and although the firm has gone through three different iterations, some things, such as John Reed and the core group, and a commitment to high quality work, have remained constant. Since joining Concentric in 2012, I have noticed a growing strength and diversity; I think our projects today better reflect the fluctuations in the industry. 

My favorite part of consulting is working with a client who might be experiencing some dysfunction, and helping them to regain their functionality and integrity. I like to leave them with the tools they need to succeed and continue the rebuilding we started. 

Then when the project is done, it is great to relax a bit with colleagues, feel good about the work product we created together, and maybe even have an opportunity to talk about something other than work.     

Toby Bishop, Vice President
Concentric’s biggest accomplishment has been growing a very successful consulting firm in a highly competitive industry from just a few people to one that today has multiple offices and continues to provide clients very valuable services.  

My favorite memories of Concentric are the times that I have spent with clients that have become friends, and the places and activities that we have had the opportunity to partake in during down times and on weekends during long engagements.  I have had a chance to go skiing and snowshoeing in the Western Canadian Rockies, hiking in British Columbia, and exploring various cities that I would not likely have had the opportunity to visit otherwise, and have been able to make some very good friends. 

Major Milestones in Concentric’s History

Concentric has encountered many major milestones in its fifteen year history. In 2017 alone, we opened our new offices in Calgary and Chicago in order to expand our practice to other areas of the United States and Canada. To view the entire Concentric timeline, please go to the “About” section of our website.

View the Concentric Timeline ›
Concentric Energy Advisors
Redesigning Utility Hedging Programs: Back to the Drawing Board

In a March 2017 ruling, the Washington Utilities and Transportation Commission (UTC) criticized the hedging programs of the gas utilities operating in the state of Washington. These utilities incurred more than $1 billion in unfavorable hedge settlements over the past decade. In response, the UTC urged the utilities to develop risk-responsive hedging strategies that keep ratepayers in mind.

The insistence by the UTC for risk-responsive hedging strategies marks a significant change in the hedging practices of utilities. Washington state is not alone, with similar challenges being echoed throughout many other administrative proceedings in light of sizeable unfavorable hedge settlements. Regulators are therefore challenging utilities to rethink their hedging strategies to protect against price increases while also minimizing energy prices for consumers. For utilities, these objectives may seem at odds with many traditional hedging programs.

Read More ›
The Foster Report
Concentric Energy Advisors
D.C. Circuit Remands Greenhouse Gas Emissions Issue Back to FERC

The Commission failed to adequately consider the greenhouse gas emissions that could be the downstream indirect effect of a collection of three pipeline projects, the U.S. Court of Appeals for the D.C. Circuit held in an August 22 decision (Sierra Club v. FERC, No. 16-1329).

The appellate court vacated and remanded that issue to FERC for the agency to conform the environmental impact statement (EIS) for the projects to the decision.

Read More ›
Concentric is seeking a Senior Staff Accountant

We are looking to a hire a Senior Staff Accountant who can be an integral member of the Finance and Accounting team and perform various accounting tasks including accounts payable, payroll, employee expense reimbursements, accounts receivable, along with other accounting duties. Interested candidates can apply on our website or email a cover letter and resume to  Please put “Senior Staff Accountant” in the subject of the email.

Apply Today! ›
Concentric Energy Advisors
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