John Trogonoski

John Trogonoski has approximately 25 years of experience in utility regulation, financial and economic analysis, business valuation, property taxation, and program administration. Since joining Concentric, Mr. Trogonoski has assisted clients with a variety of regulatory matters including expert testimony, reports on cost of capital, and business and financial risk analysis. He is a testifying expert on utility finance matters, and has filed expert testimony on cost of capital before regulatory commissions throughout Canada and the U.S.  Mr. Trogonoski has also supported several mergers and acquisitions by providing due diligence and developing testimony in support of the financial aspects of the proposed transaction before state regulators.

Some of Mr. Trogonoski’s notable utility consulting work with Concentric includes filing expert testimony on behalf of Canadian utilities, including the recent generic cost of capital proceedings in Ontario and Alberta. Mr. Trogonoski was an industry leader in recommending the use of a North American proxy group (consisting of both Canadian and U.S. utilities) to estimate the cost of equity for a Canadian utility company.  He presented a risk analysis to show that it was reasonable and appropriate to consider a U.S. peer group of regulated electric utilities as comparators for purposes of establishing the allowed ROE for a Canadian utility.

Prior to joining Concentric, Mr. Trogonoski served as a member of the Staff of the Colorado Public Utilities Commission, where he supervised the financial analysts in the energy and telecommunications sections and filed expert testimony on matters such as rate of return, revenue requirement, cost allocation, rate design, incentive regulation, and public policy. He has an M.S. in Business Administration and a B.S. in Marketing from the University of Colorado at Denver.