Larry E. Kennedy


Utility Regulation:
Depreciation Studies

Larry E. Kennedy

Vice President

  Email Me

Summary of Experience

Larry Kennedy, Vice President, has been in the pipeline, electric, gas utility and municipal infrastructure business for 35 years. As Vice President, Concentric Advisors ULC, Larry is responsible for depreciation studies for gas and electric utilities including generation facilities, and high voltage transmission lines, large diameter transmission pipelines, railway systems and municipally owned utility systems. Previously, Mr. Kennedy was with Gannett Fleming Canada ULC for over 17 years where he was responsible for completing depreciation studies and provided advice related to large capital program spending and controls for many regulated Canadian utilities. Mr. Kennedy was also employed by Interprovincial Pipelines Limited (now Enbridge Pipelines) for 15 years in several plant accounting and regulatory positions and with Nova Gas Transmission Pipelines (now TransCanada Pipelines) for 3 years as a Depreciation Specialist.  In these roles, Mr. Kennedy often led cost control and accounting teams to ensure that financial controls and accurate financial information was captured and that contractual commitments of contractors were followed.  In 1985, Mr. Kennedy was assigned to the Norman Wells Pipeline project to lead an internal audit review of the Interprovincial Pipelines Limited Norman Wells Pipeline project.  In 1995, Mr. Kennedy was assigned to the Enbridge System Expansion project to ensure proper cost controls were in place during the build of a new large diameter pipeline extending from Hardisty, Alberta to Superior, Wisconsin.


Diploma in Applied Arts – Business Administration, Northern Alberta Institute of Technology


Testified Before

Alberta Energy and Utilities Board, Alberta Department of Energy, British Columbia Utilities Commission, Manitoba Public Utilities Board, Yukon Utilities Board, Northwest Territories Utilities Board, New Brunswick Board of Commissioners of Public Utilities, National Energy Board of Canada, Alberta Utilities Commission, Nova Scotia Utility and Review Board, Internal Review Committee, Utilities Rates Review Council, Newfoundland and Labrador Board of Commissioners of Public Utilities, Ontario Energy Board, La Regie de L’Energie, Municipal Government Board of Alberta


Depreciation Expenses, A New Focus of Regulatory Scrutiny   PDF

Newsletter Sign Up