NERA Economic Consulting Congratulates Karl McDermott on His New Academic Position

17 April 2008

17 April 2008/New York -- NERA Economic Consulting wishes to congratulate Dr. Karl McDermott on his appointment as Ameren Distinguished Professor of Business and Government at the University of Illinois at Springfield.

"Karl's appointment recognizes his long and impressive history in energy and its regulation. We at NERA have benefited greatly from our work together in the firm's Energy, Environment, and Network Industries Practice," said Practice Chair and NERA Senior Vice President Dr. Michael Rosenzweig. "Fortunately, Karl will remain affiliated with the Practice as a Special Consultant with NERA, and we look forward to continuing to draw on his skills as an economist and his deep expertise in public utility regulation."

Dr. McDermott is recognized as a leading expert in public utility regulation. He has advised numerous US utilities on issues regarding restructuring, and has assisted a number of European countries in their electricity privatization and restructuring efforts. He served as Commissioner on the Illinois Commerce Commission during the negotiation of the Illinois restructuring law, and has lectured and published extensively on regulatory reform and restructuring.

Dr. McDermott holds a PhD in economics from the University of Illinois, an MA in public utility economics from the University of Wyoming, and a BA in economics from Indiana University of Pennsylvania.

NERA Economic Consulting (www.nera.com), founded in 1961 as National Economic Research Associates, is a unit of the Oliver Wyman Group, an MMC company.

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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 over 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.

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