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New Hires Enhance NERA Economic Consulting's Capabilities in Environmental Economics

14 April 2011

NERA Economic Consulting, a leading global provider of economic advice and analysis in business, legal, and regulatory matters, announced today that Dr. Anne E. Smith and Dr. W. David Montgomery have joined the firm's Energy, Environment, and Network Industries Practice. Both Dr. Smith and Dr. Montgomery are internationally recognized experts on environmental and energy economics, and are joining NERA as Senior Vice Presidents. Before joining NERA, they were with Charles River Associates; Dr. Smith was formerly Practice Leader of Climate & Sustainability and Dr. Montgomery was formerly co-head of the Energy and Environment Practice.
 
Dr. Smith is an expert in environmental policy assessment and corporate compliance strategy planning, specializing in market impact analysis, risk management, integrated policy assessment, and especially the design and performance of emissions trading programs. Dr. Smith has analyzed most major air quality policy issues, including global climate change, multi-pollutant policy, particulate matter ambient standards, regional haze, mercury, and acid deposition. Dr. Smith is a former Vice President and policy analysis practice leader at Decision Focus Incorporated, and served as an economist in the Office of Policy Planning and Evaluation at the US Environmental Protection Agency. She received PhD and MA degrees in economics from Stanford University, and holds a BA in economics from Duke University.

Dr. Montgomery is an expert on the economic issues associated with climate change policy, and testifies as an expert witness in state and federal courts on antitrust and damages cases dealing with petroleum and natural gas markets. His scholarly work is frequently published in peer-reviewed journals, and Congressional committees have requested his testimony on climate change, issues affecting oil and gas markets, and other energy market and environmental issues on numerous occasions. He advises clients on the strategic implications of changes in energy and environmental policies and energy markets.

Dr. Montgomery has served as assistant director of the US Congressional Budget Office and deputy assistant secretary for policy at the US Department of Energy, and has taught economics at the California Institute of Technology and Stanford University. He holds a PhD in economics from Harvard University and was a Fulbright Scholar at Cambridge University.

"We are delighted to have Anne and David on board," said Mike King, Chair of NERA's Energy, Environment, and Network Industries Practice. "NERA has played a prominent role in environmental issues for many years. With the addition of Anne and David to our outstanding environment team, NERA has clearly cemented its place as the preeminent consulting firm in environmental and energy economics."

"Environmental issues and policies are increasingly intertwined with economic performance, planning, and strategy in virtually every sector of the economy," said NERA Senior Vice President Dr. David Harrison of the firm's environment group. "Anne and David's invaluable experience and expertise in environmental economics and energy industries -- including electricity, natural gas, coal, and oil -- position NERA even more strongly to assist clients in managing and planning for new policies, market changes, and regulatory and litigation challenges."

About NERA

NERA Economic Consulting (www.nera.com) is a global firm of experts dedicated to applying economic, finance, and quantitative principles to complex business and legal challenges. For half a century, NERA's economists have been creating strategies, studies, reports, expert testimony, and policy recommendations for government authorities and the world's leading law firms and corporations. We bring academic rigor, objectivity, and real world industry experience to bear on issues arising from competition, regulation, public policy, strategy, finance, and litigation.

NERA's clients value our ability to apply and communicate state-of-the-art approaches clearly and convincingly, our commitment to deliver unbiased findings, and our reputation for quality and independence. Our clients rely on the integrity and skills of our unparalleled team of economists and other experts backed by the resources and reliability of one of the world's largest economic consultancies. With its main office in New York City, NERA serves clients from more than 20 offices across North America, Europe, and Asia Pacific.