Dr. Jonathan Lesser is the President of Continental Economics, Inc., and has over 30 years of experience working for regulated utilities, government, and as an economic consultant. He has addressed critical economic and regulatory issues affecting the energy industry in the U.S., Canada, and Latin America, including gas and electric utility structure and operations, cost-benefit analysis, mergers and acquisitions, cost allocation and rate design, asset management strategies, cost of capital, depreciation, risk management, incentive regulation, economic impact studies, and general regulatory policy.
Dr. Lesser has prepared expert testimony and reports in cases before utility commissions in numerous states; before the Federal Energy Regulatory Commission (FERC); before international regulators in Belize, Guatemala, Mexico, and Puerto Rico; in commercial litigation cases in Arizona, Vermont, and Washington State; and before Congress and numerous state legislative committees on energy policy and regulatory issues. He has also served as an arbiter in cases involving disputes between regulators and regulated utilities, as well as disputes regarding the value of electric generating assets. Dr. Lesser has also designed economic models to value nuclear, fossil fuel, and renewable generating assets, as well as long-term power contracts in the presence of market, regulatory, and environmental uncertainty. He is the coauthor of the widely used textbook, Fundamentals of Energy Regulation, the second edition of which was published in 2013 by Public Utilities Reports, Inc., as well as numerous academic and trade press articles. Since 2013, Dr. Lesser has prepared studies for the Manhattan Institute for Policy Research, most recently a comprehensive review of the US Environmental Protection Agency’s cost-benefit study supporting its Clean Power Plan. Dr. Lesser is also an Editorial Board member for Natural Gas & Electricity. Dr. Lesser earned a B.S degree in Mathematics and Economics from the University of New Mexico, and M.A. and Ph.D. degrees in Economics from the University of Washington, and is an adjust lecturer in the Department of Economics at the University of New Mexico.
Click here to view Dr. Lesser’s full CV.