For the best experience we recommend upgrading to the latest version of these supported browsers:
I wish to continue viewing on my unsupported browser
For the best experience we recommend upgrading to the latest version of these supported browsers:
I wish to continue viewing on my unsupported browser
Email: jeff.makholm@nera.com
vCard: Download
PhD and MA in economics, University of Wisconsin, Madison
(major field of industrial organization and minor field of econometrics/public economics; dissertation titled "Sources of Total Factor Productivity in the Electric Utility Industry")
MA and BA in economics, University of Wisconsin, Milwaukee
Jeff D. Makholm specializes in the economics of regulated infrastructure industries in the energy (electricity, gas, and petroleum products), transportation (pipelines, railroads, and airports), water, and telecommunications sectors. He has directed projects on competition, pricing, financing, privatization, and industrial development for many utilities and other infrastructure businesses in the US and more than 20 other countries. Dr. Makholm was commended in Who's Who Legal Arbitration Expert Witness Guide 2016–2023 for his appearances as an expert witness in LCIA and ICSID cases.
In the US, Dr. Makholm has directed cases regarding tariffs, cost of capital, regulation, planning, competition, and restructuring for regulated businesses in many state and federal regulatory jurisdictions. Beyond the US, he has assisted regulated industries, governments, and the World Bank with regulatory laws, proposed financing plans, and the pre-privatization restructuring of regulated businesses.
Dr. Makholm has provided expert testimony and reports on over 300 occasions for electricity companies, gas distributors, gas and oil pipeline companies, and regulatory bodies involved in administrative, civil, and international arbitration cases concerning competition and market power, tariff design, financing, and cost of capital. He has appeared as an expert witness before numerous regulatory bodies and parliamentary panels abroad, including before the LCIA and ICSID. He participated in key hearings before the Federal Energy Regulatory Commission, which led to US gas and electricity industry restructuring. He has also testified on market and regulatory issues before the Supreme Court in Victoria, Australia, and before the High Court and Parliament in New Zealand.
Dr. Makholm participated in key gas industry reforms in Europe, where he directed three major restructuring projects. In Central and South America, he worked to reform and structure efficient and competitive gas industries. On behalf of the World Bank, Dr. Makholm led the first group of Western economists to China to study and recommend reforms to China’s extensive gas industry. He has also been heavily involved in the restructuring, pricing, and privatization of the gas and pipeline industries in New Zealand, Australia, Russia, and several Asian countries.
Title | Date | |||
---|---|---|---|---|
NERA Insights Webinar | A View of Bankruptcies on Both Sides of the Atlantic | 16 December 2020 | |||
Wholesale Energy Markets: Gas & Electricity Shaken by the Virus | 16 April 2020 | |||
Achieving New York’s “Green New Deal” and Deep Decarbonization of the Electric Sector | 08 May 2019 | |||
Discounted Cash Flow (DCF) Method of Valuing Damages in Arbitration | 25 March 2019 | |||
Pipeline Wars: The Battle Over Gas Infrastructure Development | 06 February 2019 | |||
Latin Lawyer Oil & Gas Conference | 18 May 2017 | |||
Australian Domestic Gas Outlook 2016 | 07 March 2016 | |||
IBA Annual Conference Vienna 2015 | 04 October 2015 | |||
Balancing Public Interest and Private Investment Risk | 24 April 2012 | |||
2011 EPRG Winter Research Seminar | 08 December 2011 | |||
Title | Date | Type | ||
---|---|---|---|---|
Nine NERA Experts Recognized in Who’s Who Legal: Arbitration 2023 | 05 December 2022 | Press Release | ||
NERA Experts Recognized in Who's Who Legal 2022 | 17 October 2022 | Press Release | ||
Eight NERA Experts Recognized in Who’s Who Legal: Arbitration 2022 | 12 December 2021 | Press Release | ||
NERA Experts Recognized in Who’s Who Legal 2021 | 01 June 2021 | Press Release | ||
Ten NERA Experts Recognized in Who’s Who Legal: Arbitration 2021 | 14 December 2020 | Press Release | ||
Who’s Who Legal Recognizes 24 NERA Experts in 2020 Consulting Directory | 21 August 2020 | Press Release | ||
Ten NERA Experts Included in Who’s Who Legal Arbitration 2020 | 17 December 2019 | Press Release | ||
Dr. Makholm Cited in "The Bismark Tribune" on the Dakota Access Pipeline | 12 November 2019 | Media Coverage | ||
Who’s Who Legal Recognizes 28 NERA Experts in 2019 Consulting Directory | 30 July 2019 | Press Release | ||
Eight NERA Experts Included In Who’s Who Legal Arbitration 2019 | 04 December 2018 | Press Release | ||