Profession

• President, National Business & Economic Education Associates, Inc. (1988-present)
• Director, James C. Bonbright Public Utilities Center, Terry College of Business, University of Georgia (1981–present) and Emeritus Professor of Economics, University of Georgia

Years with the University of Georgia: 41 years with NBEEA 16

Nationality: United States

Key Qualifications

Dr. Danielsen is an independent consultant and has served as Director of the James C. Bonbright Public Utilities Center, since its inception. He has directed conferences and seminars through the University of Georgia and independently since 1980. He has also bee Senior Consultant to the Arthur Andersen Global Energy Consulting Group (1996-1999).

Dr. Danielsen has published books and professional journal articles related to market structure, regulation, long–term contracting and strategic pricing. His books include The Evolution of OPEC (1982), Current Issues In Public Utility Economics: Essays in Honor of James C. Bonbright (1983), Telecommunications in the Post-Divestiture Era (1986), and Principles of Public Utility Rates, (1988) (co–authored with James C. Bonbright and David R. Kamerschen). He consults on matters related to industry structure and performance, regulation, transaction costs and contracting within and between organizations, and issues related to the pricing of natural gas and electric power.

He is listed in Who's Who in Economics, 2nd & 3rd ed., which are compilations of the top six percent of economists of all time as measured by the frequency with which their work is currently cited by other social scientists. Dr. Danielsen is also listed in a number of Marquis Who's Who publications and other biographical reference books. He consults exclusively with Arthur Andersen, L.L.P and the James C. Bonbright Public Utilities Center.

Relevant Experience

Georgia Power Company. Study on Electric Restructuring in Georgia 1998 – present. Panama Canal Commission. Study on Pricing Panama Canal Services, 1999 – present. Sarawak Electric (Malaysia). Electric Rate Design, Pricing Strategy and Revision of Retail Electric Rates, 1997–1998 Egyptian Electric Authority. Power Purchase Agreements, Pricing Provisions, 1996–97. Panama Canal Commission. Study on Strategic Marketing of Panama Canal Services, 1996. India, Privatization and Pricing; Institutional Reform and the Informal Sector (IRIS) at the University of Maryland at College Park, 1995–1996. Real–time Pricing of Electric Power in India.

Regulatory Policy and Pricing
Participating on projects in the Czech Republic, Hungary and Romania (August, 1995–1997). This project was undertaken on behalf of the Global Energy Consulting Group, Arthur Andersen & Co. and their clients.

Consulting on Privatization and Electric Pricing
A project to assist the Government of India, Ministry of Power and State Energy Boards to privatize and restructure and implement commercial pricing in the public electric companies (1995). On behalf of the Institutional Reform and Informal Sector (IRIS) group at the University of Maryland in College Park, Maryland, with assistance and financing provided by USAID.

Consulting on Electric Rates
Competitive, Economic Development and Environmental Technology Rates (September 1994–June, 1995). On behalf of Lloyd, Gosselink, Fowler, Blevins & Mathews, P.C. (Austin, Texas), representing Cap Rock Electric Cooperative.

Consulting on Renewal of State of Georgia Eminent Domain Legislation for Oil Product Pipelines
October 1994–January 1995 — On behalf of Smith, Gambrell & Russell (Atlanta, Georgia), representing Colonial Pipeline Company.

Consulting on Contract Dispute Between Franchisor and Franchisees in the Hotel/Motel Industry
October 1994 — On behalf of Martin, Tate, Morrow & Marston, P.C., (Memphis, Tennessee) representing Hospitality Franchise Systems.

State of New York Public Service Commission
Proceeding on Motion of the Commission to Investigate Performance–Based Incentive Regulatory Plans for New York Telephone Company, Case No. 92–C–0665 (October 20, 1994); testimony for Cooper, Liebowitz, Royster & Wright, counsel for Statistical Phone Information Systems. Additional consulting and participation in cross–examination through December 1994.

Public Utility Commission of Texas
Application of Cap Rock Electric Cooperative, Inc. to Amend Certificate of Convenience and Necessity for Proposed Transmission Line, Docket No. 12592 (August 1994); on behalf of Lloyd, Gosselink, Fowler, Blevins & Mathews, P.C., representing Cap Rock Electric Cooperative.

Public Utility Commission of Texas Application of Texas
Utilities Electric Company for Authority to Implement Rate WPC1 – Wholesale Power Service – Cap Rock, Docket No. 13020 (July 1994); on behalf of Lloyd, Gosselink, Fowler, Blevins & Mathews, P.C., representing Cap Rock Electric Cooperative.

Plant Telephone Company
Hypothetical v. Actual Capital Structure and Fair Rate of Return, position paper for negotiated settlement with the Georgia Public Service Commission (April 1994).

State of New York Public Service Commission
Proceeding on Motion of the Commission to Investigate Performance–Based Incentive Regulatory Plans for New York Telephone Company, Case No. 92–C–0665 (September 7, 1993); on behalf of Statistical Phone Information Systems and National Association for Information Services, represented by Whitman, Breed, Abbott & Morgan.

State of New York Public Service Commission
MAS Collaborative Proceeding: Sponsor–Selected Pricing, Line Item Billing, and Blocking Option Issues; on behalf of Accurate Info, Ltd.

Wisconsin Title Insurance Antitrust Case
Civil Action File No., (U.S. District Court, Milwaukee, Wisconsin, 1989–present). Title insurance industry; on behalf of class action plaintiffs represented by Knopf & Brown.

Golden Peanut v. Charles Monroe Hunt, d/b/a/ Hunt Farms and Miller Bros. Farms, Inc., Defendants Crisp County Superior Court, Civil Action No. 90V–406, on behalf of Davis, Gregory & Christy.

Public Utility Commission of Texas
Docket No. 10726 (August 1992) Application for Sale, Transfer, or Merger of Cap Rock Electric Cooperative, Inc. and Hunt–Collin Electric Cooperative, Inc, on behalf of Lloyd, Gosselink, Fowler, Blevins & Mathews, P.C., attorneys for Hunt-Collin Electric Cooperative, Inc.

U.S. House of Representatives

Testimony before the Committee on Energy and Commerce, Subcommittee on Energy and Power, Washington, D.C., (July 1992), on new State and Federal natural gas rules on the impact on customers.

California Public Utilities Commission
February 1992 — Response to statement of Arlon R. Tussing, On Prudence Standards for Utility Procurement of Core–Service Natural Gas Supply, en banc hearing, on behalf of Enron Gas Marketing, Inc.

Georgia Public Service Commission
Docket No. 3987-U, (Atlanta, Georgia, 1992)

Southern Bell Telephone and Telegraph Company, Investigation into Cross Subsidy Matters, on behalf of Georgia Public Communications Association.

Fort Hill Natural Gas Authority v. City of Easley, Court of Common Pleas Pickens County, South Carolina, C/A–90–CP–39–739.

Massachusetts Department of Public Utilities
Subscribe Fuel Substitution Proceeding, Docket No. 91–000–000, (Boston, Massachusetts, 1991), electric and gas industry; on behalf of Massachusetts Electric Company.

Ocean State Power II, Federal Energy Regulatory Commission
Docket Nos. ER89–000–000 (Washington, D.C., 1991) subscribe Electric industry; on behalf of Ocean State Power Company.

Coral Oldsmobile–GMC Truck, Inc. and General Motors Corporation–GMC Truck Division v. King Motors Company, et al

Case No. 91–0861 (Florida Division of Administrative Hearings, Tallahassee, Florida, 1991), automobile dealership licensing; on behalf of General Motors and Coral.

Federal Energy Regulatory Commission
Docket Nos. EC90-10-000, ER90–143–000, ER90–144–000, ER90–145–000, and EL90–9–000, (Washington, D.C., 1990)

Northeast Utilities Service Company, Re Public Service Company of New Hampshire, electric industry; on behalf of intervenor, New England Power Company.

Public Utility Commission of Texas
Docket No. 9300 (Austin: Texas, 1989)

Electric industry; on behalf of intervenor, Hunt & Collin Electric Cooperative.

Interstate Commerce Commission
(Washington, D.C., 1990)

Petition Re: Norfolk Southern, CSX, Southern Electric Generating Company, and Alabama Power, railroad industry; on behalf of Southern Electric Company represented by Troutman, Sanders.

Federal Energy Regulatory Commission (Washington, D.C., 1989) Hydroelectric licensing hearing, electric industry; on behalf of intervenor.

Railroad Cost Recovery Procedures
Productivity Adjustment, Interstate Commerce Commission, Ex Parte No. 290 (Sub–No. 4), (Washington, D.C., 1988-1989)

On behalf of Southern Electric Company, represented by Troutman, Sanders.

General Motors Corporation & Trevor H. Duhaney v. Packer Pontiac, et al. Case No. 89–6832

North Hialeah, Florida, automobile dealership licensing; on behalf of General Motors and Duhaney.

The Kansas Power and Light Company et al. and Utilicorp United Inc. (Intervening Plaintiff) v. Amoco Production Company, et al.

Civil Action No. 85–2349 and ConsoliCases (U.S District Court, District of Kansas, 1988–1989), production, gathering, transmission, and distribution of natural gas industries; on behalf of plaintiffs.

William R. Fox v. Elmer L. Hartley and Elmer L. Hartley, II

Civil Action File No. C87–1949A. Deposition on behalf of defendant rendered January 1988.

Public Service Commission of South Carolina

Docket No. 86–391–W/S. Testimony on rates of charge for water service to residential customers in Keowee Key Subdivision, November 1987. Submitted on behalf of Realtec Incorporated.

Castor Farms, et al, v. Southern Union Company, et al.

Docket No. CIV 83-1654BB, U.S. District Court, District of New Mexico, Santa Fe, New Mexico, (consolidated). Expert for plaintiff in antitrust litigation, February 1986 through August 1987.

Public Utilities Commission of California
Docket No. 86–04–012. Testimony on revenue allocation and rate design for Pacific Gas and Electric, May 1986. Submitted by "Danielsen and Kamerschen" on behalf of the Navy Utility Regulatory Intervention Group of the Department of the Navy.

American Telephone and Telegraph
(Atlanta, Georgia, 1984–1985)

Consulting on market shares and market power and on access charges; telecommunications industry; on behalf of company.

Illinois Commerce Commission
Docket No. 84–0480. Testimony on AFUDC v. CWIP in rate base for Illinois Power Company, February 1985. Submitted by "Danielsen and Kamerschen" on behalf of the Attorney General, State of Illinois.

Illinois Commerce Commission
Docket No. 83–0537. Testimony on the cost of capital for Commonwealth Edison, February 1984. Submitted by "Danielsen and Kamerschen" on behalf of the Attorney General, State of Illinois.

Illinois Commerce Commission
Docket No. 82–0152. Testimony on AFUDC v. CWIP in rate base for Illinois Power Company, May 1983. Submitted by "Danielsen and Kamerschen" on behalf of the Village of Buffalo, Governor's Office of Consumer Services.

Public Utilities Commission of Ohio
Docket No. 80–476–TP–AIR. Testimony on the cost of capital for Cincinnati Bell, April 1981. Submitted by "Danielsen, Kamerschen and Legler" on behalf of the Office of Consumers' Counsel.

Public Utilities Commission of Ohio

Docket No. 79–141–EL–AIR. Testimony on the cost of capital for the Ohio Edison Company, November 1980. Submitted by "Danielsen and Kamerschen" on behalf of the Office of Consumers' Counsel.

Administrative Positions

• Director, James C. Bonbright Utilities Center, The University of Georgia, 1990–present (one–fourth time)
• Acting Director, Office of International Market Analysis, U. S. Department of Energy, 1977–78 (full–time)

Education

• Bachelor of science degree in industrial management from Clemson University, 1960
• Ph.D. degree in economics from Duke University, 1966

Major areas: Electric, natural gas, and telecommunications industries

Honors and Awards

• Honoree, James C. Bonbright Utilities Center, 1997. Marquis Who's Who, Inc.; Who's Who in Economics, 1986 and 1996, with selection based on the frequency with which their work is cited according to the Social Science Citation Index. Dictionary of International Biography, 1987–present; 5,000 Personalities of the World, 1987–present; Who's Who in the South and Southwest, 20th edition, 1986–present.
• Social Science Research Council—Fulbright Research Award: "Cooperative Efforts to Mitigate Oil Inventory Speculation" March 15, 1982–September 15, 1982.
• U. S. Department of Energy and Federal Energy Administration: Special Assistant, Office of International Affairs, Intergovernmental Personal Act (IPA) Program, September 1976–September 1978.
• Duke University National Defense Education Act Graduate Fellowship.
• Who's Who in Finance and Business 2004-2005

Published Works

Books:

1. Principles of Public Utility Rates, 2nd ed., Public Utilities Reports Inc., 1988. (March, 1988) (With James C. Bonbright and David R. Kamerschen).
2. Telecommunications in the Post-Divestiture Era: Essays in Honor of Ben T. Wiggins and Jasper Dorsey, (Lexington, Mass.: Lexington Books, 1986) (Co–edited with David R. Kamerschen).
3. Current Issues In Public Utility Economics: Essays in Honor of James C. Bonbright, (Cambridge: Lexington Press, 1983), Annotation appears in the Journal of Economic Literature, Vol. XXI, No. 4, (December, 1983), pp. 1598–1599. (Co–edited with David R. Kamerschen).
4. The Evolution of OPEC. New York: Harcourt Brace Jovanovich, Inc., 1982. Hardcover and paperback.

Articles:

1. (With David R. Kamerschen and Christos L. Nicolaou), "Local Telephone Usage Demand Characteristics under Local Measured Service," Kentucky Journal of Economics and Business, Vol. 13 (1994), pp. 53–66.
2. (With David R. Kamerschen and Lambeth Townsend), "Standards for Determining the Public Interest in Merger Cases: Application to Texas Public Utilities," Corporate Counsel Review Vol. 13, No. 1 (May 1994), pp. 85–123.
3. (With David R. Kamerschen and Christos L. Nicolaou), "Local Measured Service and the Attributes of a Sound Rate Structure," Journal of Economics and Finance, Vol. 17, No. 3 (Fall 1994), pp. 85–103.
4. (With David R. Kamerschen and Herbert G. Thompson, Jr.), "Efficiency in Nuclear Power Pricing," Review of Industrial Organization, Vol. 5, No. 2, (Summer 1990), pp. 13–27.
5. (With David R. Kamerschen and Donald C. Keenan), "Third-Best Pricing Rules for Regulated Utilities," Southern Economic Journal, Vol. 56, No. 3, (January 1990), pp. 628–638.
6. (With David R. Kamerschen), "The Revision of Bonbright's Principles of Public Utility Rates," in Pricing Electric, Gas, and Telecommunications Services, Proceedings of the 1989 Rate Symposium, Edited by James M. Fischer, J. Robert Malko, and Richard L. Wallace (Kansas City, Missouri, February 7-10, 1988) pp. 71–80.
7. (With Seungwook Kim) "OPEC Stability: An Empirical Assessment," Energy Economics, July 1988.
8. (With Phillip A. Cartwright) "Inventory Theory in Cartelized Markets," Energy Economics, July 1987.
9. (With Phillip A. Cartwright) "The Economics of Severance Taxes," in Richard L. Ender and John Choon K. Kim (Editors), Energy Resource Development: Politics and Policies, (Westport, CT: Greenwood Press, 1987), pp. 81–94.
10. (With R. Carter Hill and David R. Kamerschen) "Modeling State-Level Impacts of Carrier Access and Customer Line Charges," in Albert L. Danielsen and David R. Kamerschen (eds.), Telecommunications in the Post–Divestiture Era, (Lexington Books, D. C. Heath, 1986), pp. 215–241.
11. (With David R. Kamerschen) "Market Power and Market Shares in Telecommunications," in Albert L. Danielsen and David R. Kamerschen (eds.), Telecommunications in the Post–Divestiture Era, (Lexington, Mass.: Lexington Books, l986), pp. 135–180.
12. (With David R. Kamerschen and Joan Dominick), "James Cummins Bonbright: A Final Tribute to a Guiding Force in Public Utility Economics," Public Utilities Fortnightly, Vol. 117, No. 10, May 15, 1986, pp. 43–44.
13. (With Phillip A. Cartwright) "The Incidence of Severance Taxes in a Residual Demand Framework," The Energy Journal, Special Tax Issues, Vol. 6, 1985, pp. 255–63.
14. (With Jimmy E. Hilliard) "World Oil Prices and Equity Returns of Major Oil and Auto Companies," Resources and Energy, (1984), Vol. 6, No. 1, pp. 259–276.
15. (With David R. Kamerschen) "Economic Regulation: Old Wine in New Bottles," Chapter 2 in Regulatory Reform: The State of the Regulatory Art: Emerging Concepts and Procedures, Edited by J. Rhoads Foster, George R. Hall, Steven R. Holmberg, Charles F. Phillips, Jr. and Richard L. Wallace, (Washington, D.C.: Institute for Study of Regulation, 1984), pp. 45–57.
16. (With Jimmy E. Hilliard) "Oil Price Increase as Leading Indicators of New Car Sales," Resources and Energy, (1983), Vol. 5, No. 2, pp. 155–170.
17. "Prospects for Crude Oil Futures," in William Prast and Howard Lax (Editors), Oil- Futures Markets: An Introduction, (Lexington, Mass.: Lexington Books, 1983).
18. "Petroleum Futures and Industry Performance," in William Prast and Howard Lax (Editors), Oil–Futures Markets: An Introduction, (Lexington, Mass.: Lexington Books, 1983).
19. (With Edward B. Selby, Jr.) "World Oil Price Increases: Sources and Solutions," The Energy Journal (October 1980), Vol. 1, No. 4, pp. 57–74.
20. "The Theory and Measurement of OPEC Stability," Southern Economic Journal (July 1980), Vol. 47, No. 1, pp. 51–64.
21. "The Role of Speculation in the Oil Price Ratchet Process," Resources and Energy (September 1979), Vol. 2, No. 1, pp. 243–263.
22. (With Charles D. Delorme) "An Analysis of the Demand for Coal by Electric Utilities," Rivista Internazionale di Scienze Economiche e Commerciali (September 1979), Vol. 26, pp. 877–890.
23. "Constraints on the World Oil Monopoly Price — A Comment," Resources and Energy (September 1979), Vol. 2, No. 1, pp. 97–100.
24. (With Charles D. Delorme) "An Alternative Analysis of the Effects of Energy Prices on Energy Consumption in the Soviet Union," Soviet Studies (September 1979).
25. "An Analysis of Oil Price Legislation and Regulation in the United States," Journal of World Trade Law (September 1979).
26. "A Specification Analysis of the Demand for Energy Resources," Review of Business and Economic Research (Spring 1978), pp. 1-20.
27. (With Charles D. Delorme) "An Aggregate Analysis of Inter-Energy Substitution in the United States," Rivista Internazionale di Scienze Economiche e Commerciali (Spring 1978) pp. 307–315.
28. (With Paul H. Rubin) "An Empirical Investigation of Voting on Energy Issues," Public Choice (Winter 1977) pp. 121–128.
29. (With Charles D. DeLorme) "More on the Estimation of the Demand for Crude Oil," Review of Business and Economic Research (Fall 1977) pp. 108–110.
30. (With Charles D. DeLorme) "Some Empirical Evidence on the Variables Associated with the Ranking of Economics Journal," Southern Economic Journal (October 1976) pp. 1149–1160.
31. (With C. F. Lee) "A Specification Analysis of the Demand for Energy Resources," Applied Economics (August 1976) pp. 229-230.
32. (With Rudolph A. White) "Some Evidence on the Variables Associated with Student Evaluations of Teachers," Journal of Economic Education (Spring 1976) pp. 117–119.
33. (With Charles D. DeLorme) "Elasticities of Demand for Crude Oil in the United States, 1929–41 and 1948-73," Review of Business and Economic Research (Spring 1976) pp. 19–29.
34. "Cartel Rivalry and the World Price of Oil," Southern Economic Journal (January 1976), pp. 407-415.
35. "A Theory of Exchange, Philanthropy and Appropriation," Public Choice (Winter 1976), pp. 13-25.
36. "Interdependent Utilities, Charity, and Pareto Optimality: Comment," Quarterly Journal of Economics (August 1975), pp. 477–481.
37. "City–Size Preferences and Population Distribution: An Alternative Analytical Context — Comment," The Quarterly Review of Economics and Business (Summer 1975), pp. 96–100.
38. (With Dean Baugher) "Subjective Expected Present Value of a College Education," Mississippi Valley Journal of Business and Economics (Fall 1974) pp. 55–58.
39. "A Positive Theory of Trade and Compensation," Southern Economic Journal (April 1974), pp. 571–578.
40. "Expected Internal Rates of Return to Education," Mississippi Valley Journal of Business and Economics (Spring 1972), pp. 11–20.
41. (With J.J. Stauffer),"A Television Experiment in College Economics," Journal of Economic Education (Spring 1972) pp. 101–105.
42. (With Katsuji Okachi) "Rates of Return to Education in Japan," Journal of Human Resources (Summer 1971) pp. 391–397.
43. "Some Evidence on the Private Returns to Graduate Education – Comment," Southern Economic Journal (January 1970), pp. 334-338.
44. "What Do Economics Do?" Mississippi Valley Journal of Business and Economics (Fall 1967), pp. 54–62.
45. "The Diminishing Uselessness of Economists in Business — Rejoinder," Mississippi Valley Journal of Business and Economics (Fall 1967), pp. 78–82.
46. "Parking Theory and Analysis," Collegiate News and Views, (May 1967), Vol. XX, No. 4.
47. "The Diminishing Uselessness of Economists in Business–Comment," Mississippi Valley Journal of Business and Economics (Fall 1966), pp. 101–103.
48. "The Effects of Interregional Migration on the Philippine Population," The Philippine Economy Bulletin (1966), Vol. V, No. 2, pp. 26–37.

Note: This list does not include Abstracts of Published Work, Reprinted Articles, or Book Reviews.

Other Publications and Papers:

1. Testimony on the impact on residential consumers of new State and Federal natural gas rules, before U.S. House of Representatives, Committee on Energy and Commerce, Subcommittee on Energy and Power, Washington, D.C., (8 July 1992).
2. (With Jimmy E. Hilliard) "Hedging Firm Value Fluctuations with Petroleum Futures Contracts," Proceedings of the Seventh Annual International Conference of the International Association of Energy Economists, Bonn, Federal Republic of Germany, June 3–5, 1985.
3. "Issues in the Indexation of Crude Oil and Natural Gas Prices," Proceedings of the Fifth Annual International Conference of the International Association of Energy Economists, New Delhi, India, January 5, 1984.
4. (With Phillip A. Cartwright) "Severance Taxes and Dynamic Behavior of the Firm," University of Georgia, College of Business Administration, Working Paper No. 84–148, 1984.
5. "OPEC in the Center Ring," UGA School of Law Briefings, Vol. II, No. 22 (November 1982), pp. 19–24.
6. "Effects of U. S. Oil Inventory Policies on Spot Prices, 1970–1980," Proceedings of the Third Annual International Conference of the International Association of Energy Economists, Toronto, Canada, June 22, 1981.
7. "Oil Inventories and Security of Supply," Proceedings of the International Conference on Policy Analysis and Information Systems, Tamkang University, Taiwan, Republic of China, August 20–22, 1981.
8. "A Comment on Karpel's Ten Ways to Break OPEC," Letter to the Editor of Harper's (April 1979).
9. "Theoretical and Empirical Approaches to the Analysis of OPEC," Proceedings of the Fourth U.M.R. – D.N.R. Conference on Energy, University of Missouri at Rolla (1977), pp. 497–503.
10. (With Mangi Agawal) "A Functional Form Analysis of the Demand for Refined Petroleum Products," Proceedings of the Third U.M.R. – D.N.R. Conference on Energy, University of Missouri at Rolla (1976).
11. (With Carter Hill) "The Lag Effects of Own Price and Income on the Demand for Gasoline," Proceedings of the Third U.M.R. – D.N.R. Conference on Energy, University of Missouri at Rolla (1976).
12. (With C.F. Lee) "A Simultaneous Equation Approach to Investigate the Demand for Energy Resources," Proceedings of the Business and Economics Section of the American Statistical Association (1976).
13. "A Proposal to Achieve Energy Self–Sufficiently Through a Sliding Scale Tariff," in Capital Requirements of Energy Independence, Joint Hearings, Subcommittee on Energy and the Subcommittee on Financial Markets of the Committee on Finance, United States Senate (94th Congress, 1st Session), May 7–8, 1975.
14. (With Charles F. Floyd) "Socio–Economic Characteristics of the Population to 1980, Outdoor Recreation Planning Division, Georgia Department of Industry and Trade (1967).
15. "How to Plan and Conduct Economic Consensus and Surveys," U.S. Bureau of the Census Training Manual, 1961.

Languages: English— read/write/speak—excellent