Lance Schafer

Expertise

Regulation:
Cost allocation, Cost of capital and return on equity, Cost of service studies (marginal and embedded), Rate design, Regulatory policy, Regulatory strategy, Revenue requirements

Lance Schafer

Senior Project Manager

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Summary of Experience

Lance Schafer joined Concentric in September 2024 after ten years of experience in the utility regulation field with increasing responsibilities. Most recently, Mr. Schafer managed a team at Pepco Holdings, Inc., responsible for class cost of service, rate design, and rate administration functions for the Pepco DC, Pepco MD, and Delmarva Power MD jurisdictions. Mr. Schafer has provided testimony in traditional base distribution rate cases, multi-year rate plans, and streetlighting proceedings on the subjects of cost of capital, class cost of service, and rate design before several Public Service Commissions. He holds a Master of Business Administration from the University of Missouri, Columbia.


Education

M.B.A., Concentration in Finance, University of Missouri, Columbia

M.A., French, University of California, Irvine

B.A., English, University of Missouri, Columbia


Testified Before

Delaware Public Service Commission; Public Service Commission of the District of Columbia; Kentucky Public Service Commission; Maryland Public Service Commission; Missouri Public Service Commission


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