Economics, Finance, Utility Regulation

Clark Kaml

St. Paul, MN ***** Phone: 612-***-**** email: *****.****@*****.***

Energy Professional with expertise in regulatory analysis, tariffs, resource planning, financial forecasting, utility mergers, & economic legislation

SUMMARY

Senior-Level Energy Analyst with significant experience in regulatory matters, including testifying. Recognized for diligence, reliability, and providing recommendations through conducting rigorous filing reviews. Expertise in plan analysis, cost impact, market power, and legislative mandates. Ability to handle complicated financial analyses and reviews under stringent deadlines. Proven record of accomplishment in identifying industry trends, determining costs, and collaborating with stakeholders.

Work Experience

Energy Analyst 1990s – 2006, 2008 – 2018

Minnesota Public Utilities Minneapolis, MN

Role: Serve as Lead Staff on filings; oversee cost review, rate design, and analysis; coordinate briefing paper development; develop Commission decision options; brief and advise Commissioners on filings, and provide strategic questions

Review filings for compliance with statutes and rules, identifying issues and ensuring respective resolution

Analyze financial conditions of utility companies for potential ratepayer impact; 2016 revenue request increases exceed $300 million per year

Determine the annual cost of providing new and existing service, including incremental costs and class cost of service studies

Analyze utility mergers and diversification activities for impacts on cost, financial strength, market power, regulatory authority, and customer rates

Analyze resource plans for accuracy, consistency with legislative mandate, and economic principles

Track and review utility Midwest Independent System Operator activities for Minnesota impacts

Selected Accomplishment

Provide(d) professional analysis on cost of capital, demand forecasts, cost of service, competitive rates, demand side management, distributed generation, and environmental effects of electricity generation

Economist

Minnesota Office of the Attorney General Minneapolis, MN 2006 – 2008

Role: Serve as advisor to Office of the Attorney General on economic, policy, and rate issues related to utility regulation

Reviewed filings made with the Minnesota Public Utilities Commission, identifying issues and providing procedural recommendations

Researched activities of gas and electric utilities and commission decisions in other jurisdictions, identifying industry trends and potential impacts in Minnesota

Collaborated with Office and other stakeholders to determine cost of providing gas and electric service

Analyzed utility mergers and diversification activities for impacts on costs, financial strength, market power, regulatory authority, and customer rates

Provided expertise and testimony on cost of capital, demand forecasts, cost of service, rates, and policy issues

Selected Accomplishment

Wrote comments, testimony, briefs, and proposed findings to submit to the Minnesota Public Utilities Commission and Court of Appeals

Clark Kaml

St. Paul, MN 55104 Phone: 612-***-**** email: *****.****@*****.***

Earlier Work Experience

Utility Analyst

Kansas Corporation Commission Topeka, KS

Dual Role: Provided expert testimony regarding cost of capital, cost of service, alternative regulatory methods, and policy issues for regulation; Served as Advisor to Commission

Analyzed financial viability and potential impact of proposed utility mergers

Analyzed telephone utility regulation restructure proposals

Selected Accomplishment

Developed consumer protections for utility mergers

Education

Master of Arts (M.A.): Economics, Finance emphasis

University of North Dakota Grand Forks, ND

Bachelor of Arts (B.A.): Economics

University of North Dakota Grand Forks, ND

Testifying Experience

Minnesota, Capital Structure, and Cost of Capital Docket E-017/GR-07-1178

Minnesota, Sale of Utility Assets: Public Interest Standard, Gains from the Sale of Assets, Docket E-001/PA-07-540

Rate Impact, Capital Structure, Cost of Capital, and

Financial Impact

Minnesota, Class Cost of Service Study, Decoupling, Capital Structure, and Cost of Capital Docket G-008/GR-06-1429

Kansas, Cost of Capital Docket 171,826-U

Kansas, Operator Services Docket 170,802-U

Kansas, Price Index Regulation and Cost of Capital Docket 167,493-U

Kansas, Price Index Regulation and Cost of Capital Docket 166,856-U

Awards

Achievement Award 1997, 1999, 2000, 2001, 2006

Committees

Minnesota Public Utilities Commission Affirmative Action: Committee member 1999 – 2006; 2012 – Present

NARUC Staff Subcommittee on Strategic Issues: Co-Chair 2000 – 2001

Presentations

Discussions with Mongolian Energy Regulators 2003

US Energy Association / USAID St. Paul, Minnesota

Paper Presentation: Communication in the Workplace June 2000

International Communication Association Annual Meeting Acapulco, Mexico

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