Energy Systems Consulting, Inc.

Professionals

Lessly A. Goudarzi

[Email]          [Ext. 102]

Founder and Managing Director of OnLocation, Inc., a management consulting firm providing technical, economic and financial counsel in both the private and public sectors. He has over thirty-five years of experience in management consulting including a wide variety of project specific, industry wide, integrated regional, national and international energy and environmental policy analyses. OnLocation is recognized as one of the leading consulting institutions advising a diverse set of stakeholders in establishing a climate change/greenhouse gas policy for the US.

Mr. Goudarzi was one of the pioneers of competitive analysis of power companies in the selection of equity fund investments, multi-area trading models for expanding bulk power transactions and the development of event driven insurance products for the electric power industry (e.g. generation outage insurance). Mr. Goudarzi introduced risk management concepts and analysis processes to the Rural Utilities Service (RUS) electric and broadband lending programs where provided economic and financial advisory services for over 15 years. As financial advisor to the RUS, Mr. Goudarzi played a central advisory role in a number of power company bankruptcy proceedings as well as debt restructurings. In addition, he has over twenty years of experience in integrated energy modeling making key contributions to forecasting models in use by the Department of Energy, Energy Information Administration, Environmental Protection Agency and other federal and regional government entities.

Mr. Goudarzi has an MBA concentrating in Management Science from Virginia Tech and received his B.A. from Wittenberg University where he majored in Economics.

---

Frances P. Wood

[Email]          [Ext. 117]

A Director with OnLocation, Ms. Wood has over twenty-four years of consulting experience with government and private clients. She has performed and managed national energy and environmental policy analyses using integrated energy models such as IDEAS, NEMS and POEMS. For over a decade, she has been managed the integrated modeling for R&D benefits analysis using NEMS for the DOE Office of Energy Efficiency and Renewable Energy. Ms. Wood supported the DOE Policy Office with several analyses of restructured electricity markets, including the National Transmission Grid Study and the Supporting Analysis for the Administration's Comprehensive Electricity Competition Act, as well as price and environmental policy analysis for an Independent Power Producer. Her electric utility experience also includes performing financial analyses for debt workouts pertaining to generation and transmission cooperatives under the RUS programs.

Ms. Wood was Director of Consulting for AES Corporation before joining OnLocation. In that capacity, she managed a multi-year DOE contract providing analytical and modeling analysis support. She managed studies for various clients that focused on the investment criteria and market potential for non-utility generation, energy efficiency options, and integrated resource planning. Ms. Wood has a B. A. from Dartmouth College (cum laude) and a M.S. in Engineering Economic Systems from Stanford University. Back to Top

---

Dana K. Griswold

[Email]          [Ext. 105]

A Senior Consultant with OnLocation, Ms. Griswold has over twenty years experience designing and implementing models and information systems for many types of clients. She supports the international, integrated Markal model SAGE (DOE/EIA) and was the key analyst in the design and implementation of changes made to the SAGE electricity sector. She assisted with the WEPS+ model implementation in Eviews. She supports the (DOE/EIA) U.S. integrated energy model NEMS and was a major contributor in the development of the Policy Office Electricity Modeling System (POEMS). She also was a key contributor to the implementation of the initial NEMS hydrogen model. She has successfully undertaken model conversions from several different platforms (Personal Computer, Mainframe, RISC) and between different versions of models (NEMS to POEMS). She has assisted clients by conducting numerous electricity, energy, and environmental studies. She has a B.A. in International Studies from Dickinson College, a B.S. in Information Systems Management from the University of Maryland, and a M.S. in Technology Management from the American University. Back to Top

---

Reginald (Sandy) Sanders

[Email]          [Ext. 106]

As a Senior Consultant with OnLocation, Mr. Sanders has twenty-five years of experience as an operations research analyst in the energy industry. For EIA, Mr. Sanders has developed models of the environmental and economic impact of alternative emission control technologies required by the Clean Air Act Amendments including EPA's recent Clean Air Interstate Rule (CAIR) and Clean Air Mercury Rule (CAMR). He has developed and implemented models for DOE, EIA and private clients of optimal generation capacity expansion and production costing employing various optimization algorithms. For the RUS in the New Hampshire Electric Cooperative Bankruptcy, Mr. Sanders was a senior participant in a detailed assessment of the potential wholesale power markets in New England. He has extensive experience in project management for complex computer assisted analyses including the development, maintenance, and utilization of large-scale optimization models; design and analysis of model simulations; and development of analysis reports. Mr. Sanders played a central role on Electricity Market Module development team that developed the National Energy Modeling System (NEMS). He is the principal architect of the POEMS modeling framework and TRADELEC(tm)model.

Before coming to OnLocation, Mr. Sanders was responsible for moving the Royal Australian Navy into the vanguard of Logistics Science by the development of an advanced readiness based sparing model. In addition, he has previous work experience with a major electric utility and has conducted policy analysis on the Natural Gas Policy Act of 1978, The Power Plant and Industrial Fuel Use Act, The Windfall Profits Tax and the President's Tax Reform Bill. Mr. Sanders holds a B.S. in Mathematics and a M.S. in Management Science from the University of Miami. Back to Top

---

S. Lynne Smith

[Email]          [Ext. 104]

As a Senior Consultant, Ms. Smith has extensive experience in the development and application of complex spreadsheet modeling systems. She has built financial forecasting models of electric G&T, distribution and telecommunications entities. She has been responsible for the financial analysis of a number of cooperative operations for use in debt restructurings. She also contributed to the development of the first quantitatively based portfolio risk management assessment system for the USDA Rural Utility Service broadband and electric programs. Ms. Smith has nearly 25 years of experience in accounting and business administration. She has been the controller for a number of entities including OnLocation. Ms. Smith has a B.B.A. (Magna Cum Laude) in Accounting from the University of Georgia. Back to Top

---

Sharon B. Showalter

[Email]          [Ext. 114]

As a Senior Consultant with OnLocation, Ms. Showalter has more than 20 years experience analyzing energy and environmental issues. She has managed national energy and environmental policy analyses using the NEMS integrated energy model. For example, she managed the integrated modeling of energy and environmental benefits for the Department of Energy's Office of Electricity Delivery and Energy Reliability (OE) using NEMS, as well as evaluated numerous climate change policies for non-governmental clients.

Ms. Showalter also provided energy modeling, environmental, and strategic planning expertise as a Senior Project Manager at the AES Corporation before joining OnLocation. In that capacity, she managed a multi-year DOE consulting contract providing analytical and energy modeling support using the IDEAS energy simulation model. She also produced AES's first public environmental report that included development of the company's first CO2 emissions inventory, as well as writing numerous internal reports related to environmental, strategic, and social responsibility issues facing the company. Ms. Showalter has a B. A. from Dartmouth College (cum laude) and a M.S. in Energy Management and Policy from the University of Pennsylvania. Back to Top

---

Nicolaos Kydes

[Email]          [Ext. 107]

As a Senior Consultant with OnLocation, Mr. Kydes has over 6 years of experience in advanced algorithm research and development, computer and database programming, and data analysis. Recent energy projects include the development and integration of a Hydrogen Market Module for incorporation into the NEMS.

Prior to working at OnLocation, Mr. Kydes managed several advanced research programs in the defense industry. Mr. Kydes has a B.A. in Mathematics and Computer Science from Rutgers University and a Ph.D. in Nonlinear Optimization from George Mason University. Back to Top

---

Mark A. Ditmer

[Email]          [Ext. 112]

As a Consultant with OnLocation, Mr. Ditmer's responsibilities have included determining and calculating inputs for NEMS runs, interpreting and analyzing the results from NEMS runs, and building workbooks that track and allocate CO2 emission allowances on a national scale. Mr. Ditmer has prior experience in the fields of economics and finance since recently graduating from Villanova University. He worked in the finance industry at a fixed income trading desk and working on financial litigation cases involving market timing and late trading. He also has spent time at one of Washington D.C.'s most prestigious think tanks working on macroeconomic labor issues. Mr. Ditmer has a B.S. in Economics and a B.A. in Finance from Villanova University (Magna Cum Laude). Back to Top

---

Senior Associate Consultants

---

Ron Earley

A Senior Associate Consultant, Mr. Earley served 37 years in the Federal government in a number of capacities. Within the Energy Information Administration (EIA), he was the principal authority on macroeconomic modeling and analysis. He was responsible for preparing both short- and long-run macroeconomic forecasts and for conducting economic impact analyses of energy driven events and policies -- rising (and falling) oil prices, taxation of energy commodities, regulatory policy changes such as CAFE standards and climate change initiatives to lower greenhouse gas emissions. Mr. Earley served as the EIA and DOE spokesperson to other agencies and the public regarding the interrelationship between energy and the aggregate economy.

Mr. Earley began his energy career with the Federal Energy Office (FEO) just after the 1973 oil embargo, and worked on the original Project Independence Evaluation System (PIES) and all of the successor modeling systems within the FEO, the Federal Energy Administration (FEA) and EIA. After serving in the United States Air Force in the late 1960's, Mr. Earley's first Federal work experience began with the Price Commission in 1972. Mr. Earley has a B.A. from the University of Michigan and a M.A. from Miami University (Ohio), both in Economics, and attended the University of Maryland and American University for further graduated work. Back to Top

---

Bill F. Roberts

A Senior Associate Consultant, Dr. Roberts is the President and founder of Economic Sciences Corporation that has collaborated with Onlocation on client projects for the past 20 years. For 34 years, he has directed his Company's economics consulting practice and its commercial software development activities, serving over 100 clients including energy utilities, energy consumers, government agencies, financial institutions, and telecommunications firms. His primary focus has been on analytic methodology and policy issues related to energy markets. His consulting engagements with utilities and regulatory agencies have encompassed issues related to: service area economics, load and revenue forecasting, rate design, capacity planning, demand-side management, productivity and efficiency analysis, competitive analysis, electric industry restructuring, and strategic planning. His consulting engagements with energy consumers have been related to energy cost and risk management including analysis and forecasting of enterprise load shapes, conservation and load management, forecasting wholesale electricity prices, and power acquisition strategy. He has been actively involved in many aspects of California's electricity market restructuring efforts including pre-restructuring efficiency analysis of California utilities, wholesale market analysis and forecasting, and direct access power acquisition. Post restructuring, he has represented the Building Owners and Managers Association of California regulatory proceedings concerning rates, energy efficiency, and load management.

Dr. Roberts holds a Ph.D. in economics from the University of Minnesota. Prior to establishing Economic Sciences Corporation, he held faculty positions at the University of California, Berkeley, and at Stanford University. Back to Top

---

Helen Chin

An Associate Consultant, Ms. Chin is a Vice President of Economic Sciences Corporation and has collaborated with Onlocation on client projects for the past 20 years. Her primary role has been in the development of large data bases, econometric modeling and forecasting, and statistical analysis related to electric and gas utilities and energy markets. She has managed client projects in the following areas: strategic and corporate modeling, competitive/benchmarking analysis, residential appliance survey modeling and analysis, energy and peak demand modeling and forecasting, and regional economic/demographic model development and forecasting. Ms. Chin has previously been employed by Pacifica Gas and Electric and holds an M.A. in Economics from San Francisco State University. Back to Top

---

ADVISORY BOARD MEMBERS BIOGRAPHIES

---

Joe Clayton

Joe Clayton is a retired partner of White & CaseLLP. At White & Case and with hisformer firm, Mudge Rose GuthrieAlexander & Ferdon, Mr. Claytonspecialized in the financing of largeindustrial assets, including miningequipment, vessels and power plants.He developed a lease structure forundivided interests in electricgenerating plants of Basin ElectricPower Cooperative and he structuredthe first leveraged lease financing for atransmission line owned by PublicService Company of New Mexico andnuclear generating units at Palo Verde.He has over 30 years of experience inanalyzing and structuring complexfinancial transactions in the power andother industries. Back to Top

---

Bill Eglinton

Bill Eglinton is the retired Executive VP/COO andSubsidiary Board Chair for PublicService Company of New Mexico.With over thirty years of businessexperience, his responsibilities haveincluded the expansion and operationand general management ofgeneration, transmission anddistribution assets for an Electric, Gasand Water services company. He hasalso served in various consultingcapacities to Boards and seniormanagement teams for utility relatedG&T projects and business plan/strategy development activities. Inaddition, Mr. Eglinton providesbusiness operations, businessdevelopment and business growthexpertise to a variety of for- profit andnot-for profit, including NativeAmerican, organizations. Back to Top

---

Al Robison

Al Robison has over thirty years of experience inthe electric power industry includingacting as CEO of a major G&T whilesteering it through a bankruptcy andcomplete corporate restructuring.During his 30 years with PublicService of New Mexico, Mr. Robisonwas, at various times, responsible formanagement of the finance, treasury,accounting, risk management andstrategic planning functions. Further,Mr. Robison was heavily involved inthe non-regulated businesses of thePNM. Mr. Robison, as founder ofWheeler Peak ConsultingCorporation provides managementand organization consulting servicesto electric utilities and othercorporations. Back to Top

---