Melissa F. Bartos


Financial Advisory:
Investment advisory and due diligence

Market Analysis and Resource Planning:
Demand forecasting, Energy efficiency, Gas Market Modeling, Integrated resource planning, Market assessments, Procurement and hedging advisory

Cost of service studies (marginal and embedded), Incentive regulation, Performance benchmarking

Melissa F. Bartos

Senior Vice President & Board Member

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Summary of Experience

Melissa Bartos is a financial and economic consultant with more than twenty-five years of experience in the energy industry. In the last several years, she has focused on natural gas markets issues, including conducting comprehensive market assessments for various clients considering infrastructure investments and developing detailed demand forecasts for a number of gas distribution companies. Specifically, Ms. Bartos reviewed and evaluated long-term natural gas supply and demand, existing natural gas pricing dynamics, and the future implications of new natural gas infrastructure in New England, New York, and New Jersey. Ms. Bartos also engaged with a client to provide an analysis of the existing Gulf Coast natural gas market, the client’s natural gas pipeline competitors, changing flows, and how those factors may affect transportation values to the client moving forward.

Ms. Bartos has designed, built, and enhanced numerous financial and statistical models to support clients in asset-based transactions, energy contract negotiations, reliability studies, asset and business valuations, rate and regulatory matters, cost-of-service analysis, and risk management. Her modeling experience includes building Monte-Carlo simulation models, designing an allocated cost-of-service model, statistical modeling using SPSS, and programming using Visual Basic for Applications. Ms. Bartos has also provided expert testimony on multiple occasions regarding natural gas demand forecasting and supply planning issues, natural gas markets, and marginal cost studies.


M.S., Mathematics (Statistics), University of Massachusetts

B.A., magna cum laude, Mathematics and Psychology, Computer Science minor, College of the Holy Cross

Testified Before

Connecticut Public Utilities Regulatory Authority; Federal Energy Regulatory Commission; Indiana Utility Regulatory Commission; Kentucky Public Service Commission; Maine Public Utilities Commission; Massachusetts Department of Public Utilities; New Hampshire Public Utilities Commission; New Jersey Board of Public Utilities; New York State Public Service Commission; Public Utilities Commission of Ohio; Ontario Energy Board; Pennsylvania Public Utility Commission; Régie de l’énergie du Québec; Washington Utilities and Transportation


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