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About

Michael Rosenzweig is an expert in finance, regulation, and energy. He specializes in the restructuring, regulation, and privatization of state-owned utilities and the regulation of electric utilities. He also has experience and interest in areas including transmission pricing and access, strategic planning for utilities, market rules, ancillary services, and tariffs.

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Dr. Rosenzweig has directed projects addressing strategic issues related to bulk power market competition, transmission access, pricing, and restructuring, with work spanning India, Latin America, Eastern Europe, and the US. He has served as an expert witness in more than 10 international arbitration cases and has testified before the International Centre for Settlement of Investment Disputes (ICSID), the International Chamber of Commerce (ICC), the Singapore International Arbitration Centre, and the International Arbitral Centre of the Austrian Federal Economic Chamber. In the US, he has testified before district courts, the Federal Energy Regulatory Commission (FERC), Congress, the US Interstate Commerce Commission (US ICC), and state regulatory bodies.

Dr. Rosenzweig’s industry experience includes as a liability and damages witness in international arbitrations involving a failed Build Operate Transfer (BOT) power plant project, a dispute over rates for a water supply project and a cancelled distribution concession contract, and as a damages witness in a US federal district court case involving alleged violation of a confidentiality agreement.

Dr. Rosenzweig analyzed the economic viability of solar thermal generation technology in a standard utility capacity expansion analysis for an independent power producer (IPP). He also has experience with the regulation of IPPs, strategy development for unregulated utility subsidiaries performing bulk power merchant functions, supply procurement for distribution utilities, and innovative transmission rates. He filed testimony in a natural gas pipeline rate proceeding addressing the proper basis for designing and setting transport rates and presented testimony in a private arbitration relating to a long-term purchased power contract.

Dr. Rosenzweig previously served as the director of NERA’s operations in Brazil. With regulatory experience related to the distribution and generation segments, he worked extensively for private companies, the National Electricity Regulatory Agency (ANEEL), and the system operator (ONS). His experience in Brazil includes analysis of tariff issues, development of institutional strengthening plans, privatizations, risk management, cost of capital estimation, development of energy policies, and energy strategies for the energy industry.

Dr. Rosenzweig also served as the director of the Haryana Power Sector Restructuring Project’s restructuring study, responsible for the overall direction of a multi-disciplinary team investigating structural options for the Haryana power sector and for developing a time-bound implementation plan. He also led the legal and regulatory team that implemented a similar design in the Indian state of Orissa, where his work included designing and developing the regulatory body and training regulators and staff. He directed consultancy support projects to the newly established Electricity Regulatory Commissions of Orissa, Haryana, and Andhra Pradesh, India, including training commissioners and staff and assisting with all issues of first impression (e.g., regulations, licensing, tariffs, independent power producers).

Dr. Rosenzweig has authored articles for technical journals and Public Utilities Fortnightly. Prior to  joining NERA, Dr. Rosenzweig was a co-founder of Utility Strategies, Inc. He served as technical advisor to Commissioner J. David Hughes at the FERC. He also held positions at the US Department of Energy and testified as an expert witness on behalf of the department.

Education

  • PhD in applied mathematics, Institute of Applied Mathematics and Fluid Dynamics, University of Maryland
  • MBA, University of Maryland (concentration in operations research)
  • BS in mathematics, with High Honors, University of Maryland