Energy
Much is at stake when policy makers, regulators, and corporate executives face the challenges of evolving energy markets. In electricity, natural gas, and oil markets, increased reliance on competition rather than regulation, as well as changes in the regulatory structure, has created substantial opportunities and risks for market participants. Further change is inevitable and can come from the shifting regulatory environment, increased competition, or technological innovation.
LECG energy experts bring together teams of renowned industry and academic experts to provide economic, financial, and regulatory expertise to clients in all sectors of energy markets. We have extensive experience in electric, natural gas, oil, and coal markets, and work on issues relating to electric generation, electric and natural gas transmission, electric and natural gas distribution and wholesale trading, retail sales, oil and gas production, crude oil and refined product pipelines, and oil refining and marketing. By combining economic and financial analyses with a thorough understanding of the institutional and market environment, the energy practice assists firms facing challenges in increasingly open markets, before regulatory agencies, and in the courts.
LECG energy experts are at the forefront of market transitions in the electric power and natural gas industries around the world. Our experts have advised market participants including suppliers, market makers, and consumers, as well as policy makers on all aspects of competition and regulation. Our experience spans virtually all competitive electricity markets worldwide, and builds upon our substantial expertise in other energy markets.
LECG experts have testified on energy matters before regulatory bodies, in courts, and in arbitration proceedings. They have been retained to address antitrust claims, open access tariff implementation and market rule issues, contract disputes, economic damages, asset values, and environmental liability. Our experts have testified on regulatory and policy issues in the United States before the Federal Energy Regulatory Commission, the Nuclear Regulatory Commission, many state regulatory commissions, and Congress. They have also advised governments, businesses, and electricity system operators around the world, and have testified in courts and before regulatory bodies in Australia, Argentina, Canada, New Zealand, and Thailand.
LECG energy experts have evaluated market power implications of major mergers among firms involved in electricity generation and transmission, integrated oil production, oil and natural gas pipeline operations, oil refining and marketing, and regulated electricity and gas distribution. Our clients have included firms seeking to merge, other affected firms, and regulatory agencies. This work often involves testimony or presentations before the appropriate regulatory authorities. In many cases we worked with firms evaluating acquisition candidates, with an eye toward both maximizing the strategic potential of such actions and structuring the transaction to satisfy regulatory requirements, including the development of market power mitigation strategies. Finally, we have helped merged firms restructure to realize the value of the completed transaction.
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