J. Stephen Gaske


Market Analysis and Resource Planning:
Demand response, Energy contracts, Market assessments, Project development

Cost allocation, Cost of capital and return on equity, Cost of service studies (marginal and embedded), Incentive regulation, Rate design, Regulatory policy, Regulatory strategy

J. Stephen Gaske

Senior Vice President

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Summary of Experience

Dr. Gaske is a Senior Vice President with more than forty years of experience as an economic consultant, researcher, and professor in the fields of public utility economics, finance, and regulation. His areas of expertise include finance, cost of capital and risk analysis, rate design, cost allocation, cost of service and pricing of services, energy markets, economics of public utilities and energy infrastructure, competition and antitrust principles, and regulatory and energy economics, rules, and policies.

Dr. Gaske has provided consulting services in more than 300 regulatory, antitrust, tax and civil proceedings. In addition, he has presented expert testimony in over 100 state, provincial, and federal regulatory commission hearings in Canada, the U.S., and Mexico. He has served as an advisor to numerous regulated companies and has authored many studies on behalf of utilities, associations, and government agencies. His work has included projects involving natural gas pipeline and distribution companies, electric utilities, oil pipelines, railroads, postal service, telephone and satellite telecommunications companies, and water and sewer companies.

Dr. Gaske has been a lecturer at electric rate courses sponsored by the Edison Electric Institute and natural gas rate courses sponsored by the American Gas Association. He is a former Associate Professor of Finance and has taught college courses in Public Utility Economics, Transportation, and Accounting.


Ph.D., Indiana University

M.B.A., George Washington University

B.A., University of Virginia

Testified Before

Alaska Regulatory Commission; Alberta Energy and Utilities Board; Alberta Utilities Commission; Colorado Board of Assessment Appeals; Comisión Reguladora de Energía (CRE) de Mexico; Economic Regulatory Commission; Federal Energy Regulatory Commission; Indiana Utility Regulatory Commission; Iowa Utilities Board; Maine Public Utility Commission; Minnesota Public Utility Commission; Montana Public Service Commission; National Energy Board of Canada; New Brunswick Energy and Utilities Board; New Mexico Public Regulatory Commission; New York Public Service Commission; Nova Scotia Utility and Review Board; Ontario Energy Board; Régie de l’énergie du Québec; South Dakota Public Utility Commission; Texas Public Utility Commission; Texas Railroad Commission; U.S. Postal Rate Commission; Washington Utilities & Transportation Commission; Wisconsin Public Service Commission; Wyoming Board of Equalization; Wyoming Public Service Commission


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