Summary of Experience
Mr. Coyne is a Senior Vice President with over three decades in the energy industry. He provides financial, regulatory, strategic, and litigation support services to clients in the natural gas, power, and utilities industries. Drawing upon his industry and regulatory expertise, Mr. Coyne regularly advises utilities, public agencies, and investors on business strategies, investment evaluations, and matters pertaining to rate and regulatory policy. Recently, he assisted a client on a multi-year engagement, reviewing performance metrics and developing data to be used in a custom distribution rate application. Mr. Coyne helped the client draft and submit this application to the client’s regulatory authority.
Mr. Coyne has authored numerous articles on the energy industry and provided testimony and expert reports before the Federal Energy Regulatory Commission and jurisdictions in the U.S. and Canada. He is a thought leader who has spoken on the topics of utility regulation, return on equity, business strategy, and other energy matters.
Prior to Concentric, Mr. Coyne worked in senior consulting positions focused on North American utilities industries, in corporate planning for an integrated energy company, and in regulatory and policy positions in Maine and Massachusetts. He holds a B.S. in Business from Georgetown University with honors and an M.S. in Resource Economics from the University of New Hampshire. He also serves on Concentric’s Board of Directors.
Education
M.S., with Honors, Resource Economics, University of New Hampshire
B.S., Cum Laude, Business Administration and Economics, Georgetown University
Testified Before
Alberta Beverage Container Management Board; Alberta Utilities Commission; American Arbitration Association; British Columbia Utilities Commission; California Public Utilities Commission; Canada Energy Regulator; Connecticut Public Utilities Regulatory Authority; Federal Energy Regulatory Commission; Florida Public Service Commission; Georgia Public Service Commission; Hawaii Public Utility Commission; Maine Public Utilities Commission; Maryland State Board of Contract Appeals; Massachusetts Superior Court; Minnesota Public Utilities Commission; New Brunswick Energy and Utilities Board; Newfoundland and Labrador Board of Commissioners of Public Utilities; New Jersey Board of Public Utilities; Nova Scotia Utility and Review Board; Public Utilities Commission of Ohio; Ontario Energy Board; Prince Edward Island Regulatory and Appeals Commission; Régie de l’énergie du Québec; South Carolina Public Service Commission; South Dakota Public Service Commission; Texas Public Utilities Commission; U.S. Department of Commerce; Vermont Public Service Board; State Corporation of Virginia; Wisconsin Public Service Commission; Yukon Utilities Board
Experience
Long-Term Gas Strategy for Gas and Electric Utilities
We assisted the client with examining and evaluating potential strategies, costs and risks in pursuing longer-term supply resources for acquiring and managing natural gas. We presented the results of our research […]
Shifting the Regulatory Paradigm
We provided the client with extensive analysis and expert evidence relating to its next generation Incentive Regulation (“IR”) Plan proposal. Our role included conducting an assessment of relevant regulatory precedents in […]
Cost of Capital for Electric
We have testified on the appropriate cost of capital on behalf of many electric utilities before numerous state commissions. We are familiar with the requirements in most state regulatory jurisdictions in […]
Cost of Capital for Gas Distribution
We have an in depth understanding of the natural gas distribution business and the business and financial risks faced by natural gas local distribution companies (“LDCs”). We have developed expert […]
Cost of Capital for FERC Electric Transmission
We have presented testimony on the rate of return and overall cost of capital in numerous electric transmission cases before the Federal Energy Regulatory Commission (“FERC”). We are well versed in […]
Economic Assessment and Sale of Energy Facility
We performed an assessment of the client’s natural gas and biomass-fired electric generating facilities (the “Facilities”) located at its manufacturing plant. The assessment focused on the economic capability of the […]
Regulatory and Market Due Diligence Advisor
We served as the lead regulatory and market due diligence advisor to an investment management firm in a $7.4 billion acquisition of a regulated natural gas and electric utility company. Our role in […]
Utility Business Model and Regulatory Framework
Concentric organized, delivered, facilitated, and documented two multi-day “Utility-of-the-Future” workshops for a vertically-integrated utility as a level setting exercise that would establish a foundation for development of corporate strategy and […]
Innovation
On behalf of the Canadian Gas Association and the Canadian Electricity Association, Concentric has prepared a discussion paper and three updates for utility executives and provincial regulators that examined the […]
PPL Solutions, LLC / Hansen Technologies Limited
Concentric recently served as the sell-side financial advisor and manager to PPL Services Corporation in the divestiture of PPL Corp. (NYSE: PPL) subsidiary, PPL Solutions, LLC (“Solutions”). Headquartered in Bethlehem, […]
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 […]
Multi-Year Cost of Capital Proceeding
Concentric provided analysis, expert testimony, and hearings support to a U.S. natural gas and electric utility before the California Public Utilities Commission for the company’s multi-year cost of capital proceeding. […]
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 […]
Publications
Advancing FERC’s Methodology for Determining Allowed ROEs for Electric Transmission Companies PDF
Regulator Rationale for Ratepayer-Funded Electricity and Natural Gas Innovation PDF
Authorized Return on Equity for Canadian and U.S. Gas and Electric Utilities, Volume V PDF
