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Dr. Richard Hern

Richard Hern, NERA Regulatory Finance Expert, Promoted to Director

12 February 2009

12 February/New York -- NERA Economic Consulting, a leading global provider of economic advice and analysis in business, legal, and regulatory matters, today announced that Dr. Richard Hern has been promoted to Director.

Dr. Hern leads NERA's Regulatory Finance team in London. He has over twelve years' experience with private sector consulting, following university research and teaching. He has directed and managed projects on competition, pricing, financing, and valuation for many businesses, regulators, and public sector bodies worldwide. Dr. Hern has assisted regulated industries, governments, and the World Bank on regulatory disputes, proposed financing plans, cost of capital analysis, and tariffs.

"We congratulate Richard on his new role at NERA," said Dr. Michael Rosenzweig, Senior Vice President and Chair of NERA's Global Energy, Environment, and Network Industries Practice. "Richard's distinct expertise in regulatory finance is a vital part of NERA's continuing ability to deliver high-level services to the firm's private and public clients who are facing unique challenges in the current economic climate."

For additional information on Dr. Richard Hern and other NERA consultants, please visit the expert section of NERA's website.

About NERA
NERA Economic Consulting (www.nera.com) is an international firm of economists who understand how markets work. We provide economic analysis and advice to corporations, governments, law firms, regulatory agencies, trade associations, and international agencies. Our global team of more than 600 professionals operates in over 20 offices across North America, Europe, and Asia Pacific.