Summary of Experience
Mr. Dane has over 20 years of experience in the energy and financial services industries providing advisory services to power companies, natural gas pipelines, and local gas distribution companies in the areas of regulation and ratemaking, litigation support, generating asset divestitures, valuation, financial statement audits and analysis, and the examination of financial reporting systems and controls. He has also provided expert testimony on regulated ratemaking matters for investor- and provincially-owned utilities, including revenue requirements, the cost of capital, capital structure, lead-lag studies/cash working capital, and rate base development.
Mr. Dane is a certified public accountant and is a licensed securities professional (NASD Series 7, 28, 63, 79, and 99). In addition to his consulting work, he serves as the Financial and Operations Principal of CE Capital Advisors, a FINRA-Member firm and a subsidiary of Concentric Energy Advisors. CE Capital is a securities firm that provides services relating to corporate mergers and acquisitions, the valuation of securities, and capital market support. In his role at CE Capital, Mr. Dane has developed fairness opinions to Boards of Directors of companies entering into asset purchases and sales. He has led valuation modeling on multiple energy-related valuation assignments using the Income Approach, Cost Approach, and Sales Comparison Approach.
Education
M.B.A., Boston College
B.A., Economics, Colgate University
Licensed Securities Professional: NASD Series 7, 28, 63, 79 and 99 Licenses
Testified Before
Regulatory Commission of Alaska; Connecticut Public Utilities Regulatory Authority; Illinois Commerce Commission; Maine Public Utilities Commission; Massachusetts Department of Public Utilities; New Hampshire Public Utilities Commission; New Mexico Public Regulatory Commission; Nova Scotia Utility Board; Oklahoma Corporate Commission; Ontario Energy Board; Rhode Island Division of Public Utilities and Carriers; South Dakota Public Service Commission; Public Utilities Commission of Texas; Vermont Public Utility Commission
Experience
Deregulation Petition and Fiscal Impact
Concentric was retained to support three Southeastern U.S. electric utilities in responding to initiatives to deregulate state electric markets and prohibit the currently vertically integrated utilities from providing generation service […]
Regulatory and Decarbonization Support
Concentric provided research, analysis, and expert testimony on the issues of earnings sharing, rate riders, rate design, cost of capital, and Energy Transition-related cost recovery to a Canadian electric utility […]
Turn-Key Rate Case Preparation
Concentric was retained to assist a U.S. energy services and delivery company in preparing a turn-key rate case for its Connecticut electric distribution company. We assisted in all aspects of […]
SNF Expert Report
Concentric provided an expert report concerning litigation between a U.S. electric service company and the United States of America, acting by and through the U.S. Department of Energy, regarding spent nuclear […]
The Vermont Department of Public Service
The Vermont Department of Public Service engaged Concentric to prepare an assessment of the financial aspects of the proposed transfer of the Vermont Yankee nuclear station from a subsidiary of […]
Due Diligence for an Energy Infrastructure Company
We provided financial advisory services pertaining to the acquisition of a major energy infrastructure company, including natural gas distribution and pipelines. This effort included detailed due diligence to develop twenty-year financial […]
Merger Synergy Savings Report
We provided assistance with the determination of the net savings associated with the acquisition of a natural gas utility. This synergy savings report was filed with the client’s regulatory commission […]
Leasing Litigation Support
We provided an expert report, rebuttal report, and trial testimony related to uncertainty in valuation and market forces faced by a gas-fired combined heat and power generation facility located outside […]
Large Infrastructure Project Management Review
We provide assistance related to the client’s efforts to develop an option to construct and operate two new reactors at the company’s nuclear facility. We conduct assessments of the project […]
Large Capital Project Strategic Advisory
We participated in a workshop session to identify and discuss the client’s key objectives for a major capital replacement program and ongoing operations of a nuclear generation facility. We shared […]
