Summary of Experience
Mr. Adams is a Senior Vice President with over thirty-five years of direct experience in the public utility industry. He has worked for an investor-owned utility, a regulatory agency, and most recently as a consultant to the utility industry. He provides expert support and testimony on issues related to regulatory policy and precedents, revenue requirement, cash working capital, performance benchmarking, and affiliate transactions/shared services costs.
In addition to his expert testimony, Mr. Adams also provides support to his clients with litigation/regulatory investigations and audits. He is also frequently called upon by clients to provide regulatory research services in preparation for, or in support of, their ongoing or upcoming regulatory initiatives.
In a recent engagement, Mr. Adams provided analysis of a client’s A&G expenses to determine the appropriate level of said costs to be capitalized in future rate proceedings. The objective of the study was to calculate the percent of administrative expenses that were related to construction costs. He also assisted a large combination utility in developing a response to a regulator-initiated complaint pertaining to the client’s existing rates and alternative regulation mechanism.
Before joining Concentric, Mr. Adams was a Managing Director of Navigant Consulting, Inc. Mr. Adams is a Certified Public Accountant, a graduate of Illinois College, and holds an M.B.A. from the University of Illinois, Springfield. He also serves on Concentric’s Board of Directors.
M.B.A., Finance, University of Illinois
B.S., Accounting, Illinois College
Certified Public Accountant
Arkansas Public Service Commission; Arizona Corporation Commission; Connecticut Public Utilities Regulatory Authority; Federal Energy Regulatory Commission; Georgia Public Service Commission; Hawaii Public Utilities Commission; Idaho Public Utilities Commission; Illinois Commerce Commission; Maine Public Utilities Commission; Maryland Public Service Commission; Massachusetts Department of Public Utilities; Missouri Public Service Commission; Montana Public Service Commission; New Hampshire Public Utilities Commission; New Mexico Public Regulation Commission; State of New Jersey Board of Public Utilities; Oklahoma Corporation Commission; Ontario Energy Board; Pennsylvania Public Utility Commission; Texas Public Utility Commission; Tennessee Public Utility Commission; Virginia State Corporation Commission; West Virginia Public Service Commission
Comprehensive Utility Rate Case Support
We have provided rate case assistance to an electric and natural gas utility for many years. Our work has included: Minimum filing requirements Revenue requirement Benchmarking Return on equity Capital structure […]
Regulatory Approval Support for a Merger
We filed testimony in support of a merger of two energy companies before three state regulatory commissions. Our work addressed the respective jurisdictional requirements for a regulated utility merger in each jurisdiction, summarized a […]
We provided assistance with the determination of the net savings associated with the acquisition of a natural gas utility. This synergy savings report was filed with the client’s regulatory commission […]
Utility Pre-Audit and Audit Support Services
We provided pre-audit and audit support services to a multi-jurisdictional combination utility. We worked closely with the client’s executive management team to prepare the client for the commission-ordered management audit […]