Ralph Zarumba


Financial Advisory:
Divestitures, Merger activities, Valuations

Market Analysis and Resource Planning:
Demand response, Distributed generation, Net metering, Procurement and hedging advisory

Cash working capital, Cost allocation, Cost of service studies (marginal and embedded), Incentive regulation, Lead-lag studies, Management audits, Rate design, Regulatory policy, Regulatory strategy, Stranded cost recovery

Ralph Zarumba

Vice President

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Summary of Experience

Ralph Zarumba has 31 years of experience specializing in regulatory issues and economic analysis associated with energy utilities in North America, Europe and Asia.  Mr. Zarumba has appeared as an expert witness in a number of regulatory and legal proceedings addressing electric generation, transmission and distribution issues, unregulated operations of utility holding companies, asset valuation and regulatory treatment of Smart Grid investments. He has assisted clients in other matters including Depreciation Studies, Transfer Pricing Mechanisms and evaluation of the results of competitive bidding for electric generation services.



MA, Economics DePaul University, Chicago, IL

BS, Economics Illinois State University, Normal, IL

Testified Before

Federal Energy Regulatory Commission (“FERC”); Illinois Commerce Commission; Kansas Corporation Commission; Massachusetts Department of Public Utilities; McHenry County; New Mexico Public Regulation Commission; New York Public Service Commission; Nova Scotia Utility and Review Board; Ontario Energy Board; Puerto Rico Energy Commission; Rhode Island Public Utilities Commission; Texas Public Utilities Commission; Wisconsin Public Service Commission.

Case Studies

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