Ann E. Bulkley


Financial Advisory:
Appraisals, Valuations

Cost of capital and return on equity, Stranded cost recovery

Ann E. Bulkley

Senior Vice President

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Summary of Experience

Ann E. Bulkley, Senior Vice President, has nearly two decades of management and economic consulting experience in the energy industry. Ms. Bulkley has extensive state and federal regulatory experience on both electric and natural gas issues including rate of return, cost of equity and capital structure issues. Ms. Bulkley has worked on acquisition teams with investors seeking to acquire utility assets, providing valuation services including an understanding of regulation, market expected returns, and the assessment of utility risk factors. Ms. Bulkley has assisted clients with valuations of public utility and industrial properties for ratemaking, purchase and sale considerations, ad valorem tax assessments, and accounting and financial purposes. Ms. Bulkley was instrumental in developing the firm’s cost of capital practice including developing the analytical foundation, providing strategic advice to clients and providing expert testimony. In addition, Ms. Bulkley has experience in the areas of contract and business unit valuation, strategic alliances, market restructuring and regulatory and litigation support. Prior to joining Concentric, Ms. Bulkley held senior expertise-based consulting positions at several firms, including Reed Consulting Group and Navigant Consulting, Inc. where she specialized in valuation.


M.A., Economics, Boston University
B.A., Economics and Finance, Simmons College
Certified General Appraiser licensed in the Commonwealth of Massachusetts and the State of Michigan

Testified Before

Arizona Corporate Commission; Arkansas Public Service Commission; Colorado Public Utilities Commission; Indiana Utility Regulatory Commission; Massachusetts Department of Public Utilities; Michigan Public Service Commission; Michigan Tax Tribunal; New York Public Service Commission; North Dakota Public Service Commission; Oklahoma Corporate Commission; Ontario Energy Board; South Dakota Public Service Commission; Texas Public Utilities Commission

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