People

Nicholas Crowley

Nicholas Crowley

Vice President

MS, University of Wisconsin-Madison
Chartered Financial Analyst

Nicholas Crowley is a network industry expert specializing in electric and gas utility regulation, with additional experience in telecommunications and railroads. Nick testifies on cost of capital and performance-based regulation issues in the United States and Canada, and his reports have been filed before regulatory authorities across North America. Nick calculates total factor productivity for gas and electric utilities and participates in the development of cost benchmarks for power systems. He assists utilities with embedded and marginal cost-based analysis to inform practical and innovative rate design. He assists in the evaluation of leading demand response programs. His research has been published in The Electricity Journal and the journal Utilities Policy.

Prior to joining CA Energy Consulting, Nick served at the Federal Energy Regulatory Commission, assisting with energy industry benchmarking, incentive regulation of oil pipelines, and evaluation of natural gas pipeline rate cases. He is a CFA charterholder.


News & Updates

Crowley, Wang, and Romanovs-Malovrh Report on Utility Remuneration and PIMs for the Ontario Energy Board

November 13, 2024 - A CA Energy Consulting project team authored a jurisdictional review of utility remuneration models for the Ontario Energy Board.


Making Sense of Multi-Year Rate Plan Options

October 07, 2024 - Electric and gas utilities have increasingly adopted multi-year rate plans as a way to address rising costs and streamline the regulatory process. These plans offer potential benefits such as improved cost efficiency, reduced regulatory uncertainty, and greater investment incentives. However, they may also present challenges.


Crowley Files Expert Testimony in Florida

August 22, 2024 - In August 2024, Nick Crowley filed cost-of-capital testimony on behalf of Florida Public Utilities Company as part of its rate application before the Florida Public Service Commission.


CA Energy Consulting Experts Speak at Edison Electric Institute Electric Rates Course

July 31, 2024 - Four experts from CA Energy Consulting presented at the 2024 Edison Electric Institute Electric Rates Course on issues related to costing, pricing, and incentive regulation.


Crowley and McLeod Analyze Distribution Utility Costs

April 23, 2024 - Analysis by Mr. Nicholas Crowley and Dr. Daniel McLeod finds that consumer prices for electricity have increased substantially since the Covid-19 pandemic.


Clark, Crowley, and Vigdor Present on Avoided Costs at EUCI Workshop

March 19, 2024 - Three speakers from CA Energy Consulting presented at the 2024 EUCI Avoided Costs for Electricity Services workshop on costing and pricing using avoided costs.


CA Energy Consulting Files Expert Testimony in New Hampshire

December 13, 2023 - In December 2023, Christensen Associates Energy Consulting experts Nick Crowley and Mike Clark filed testimony on behalf of the New Hampshire Department of Energy to assist in the review of a utility rate application.


Rate Design, Cost of Capital, and Cost-of-Service Testimony for Michigan Utility

December 11, 2023 - In December 2023, Christensen Associates Energy Consulting experts Nick Crowley and Mike Clark filed testimony on behalf of Alpena Power Company to as part of the utility’s rate application.


Third Generation Performance-Based Regulation for Alberta’s Distribution Utilities

January 20, 2023 - In January 2023, Christensen Associates Energy Consulting experts Mark Meitzen and Nick Crowley filed testimony on behalf of EPCOR Distribution and Transmission, Inc., related to the company’s third generation performance-based regulation framework.


Eversource Energy Begins Second Generation of Performance-Based Regulation

November 30, 2022 - The Department of Public Utilities in Massachusetts recently approved a second generation performance-based regulation proposal by Eversource Energy, continuing incentive regulation in the state of Massachusetts.


Massachusetts DPU Sets National Grid’s X Factor Based on Study by CA Energy Consulting

October 29, 2021 - Christensen Associates Energy Consulting experts Dr. Mark Meitzen and Mr. Nick Crowley conducted a total factor productivity study to determine the X factor for National Grid’s revenue cap formula.


Crowley and Meitzen Measure the Price Impact of Price-Cap Regulation

October 14, 2021 - In October 2021, the journal Utilities Policy published Nick Crowley and Mark Meitzen’s paper “Measuring the price impact of price-cap regulation among Canadian electricity distribution utilities.”