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GARY A. GRASSO
SUMMARY
A principal with Benjamin Schlesinger and Associates, LLC (BSA), Mr.
Grasso has over 30 years of experience in providing expert testimony, technical and policy
assistance to the various segments of the energy industry on project
evaluation, cost of service, rate and regulatory matters. His major areas of expertise
focus on the oil, natural gas and electric power industries. Mr. Grasso
has a strong quantitative and analytical background and has focused on
cost of service issues, market power analysis, depreciation studies and
due diligence projects, among other areas. He also has provided testimony
and extensive
litigation support for clients before State and Federal regulatory
commissions and courts.
EDUCATION
Bachelor of Science Degree in Economics
George Mason University, Fairfax, Virginia (1995)
EXPERIENCE
5/00-12/06, PROJECT MANAGER, and 1/07-Present, PRINCIPAL, Benjamin Schlesinger and Associates, LLC
(BSA), Bethesda, Maryland.
 | Mr. Grasso’s expertise extends to BSA’s
practice in the areas of natural gas and oil pipeline and electric
industry rate and regulatory issues, as well as in market power and
related economic studies. |
| Mr. Grasso also manages due diligence
studies for various clients on fuel and transportation arrangements,
power plant purchases and construction of new pipelines. He has most
recently led BSA’s due diligence efforts in the assessment of a
potential power plant acquisition on behalf of a major international
energy producer client. |
| Mr. Grasso currently directs the firm’s
litigation support for an oil refinery client and independent producer in major oil pipeline
rate cases being prosecuted before a State regulatory commission, the
Federal Energy Regulatory Commission and Federal courts.. |
1986-2000 SENIOR CONSULTANT, Brown, Williams, Scarbrough & Quinn, Inc.,
Washington, D.C.
| Performed technical analysis and prepared
testimony to support clients in pipeline rate cases and producer
litigation. |
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Developed an oil
pipeline cost of service rate program, utilizing Trended Original Cost
and Depreciated Original Cost methodologies, to analyze existing rate
cases in litigation and/or file rate cases on behalf of our clients.
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Provided
technical expertise in developing actuarial and simulated plant method
depreciation studies in recent natural gas and oil pipeline rate cases
using sophisticated depreciation software. |
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Provided
litigation support for clients in court and regulatory proceedings as
needed. |
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Performed
on-site auditing of cost and rate base information for clients to aid
in developing cost of service data. |
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Monitored the
regulatory activities at the FERC of the major pipeline companies on
the clients’ behalf and provided quantitative and policy analysis as
needed. |
CONTROLLER, Brown, Williams, Scarbrough & Quinn, Inc., Washington, D.C.
| Principle liaison with bankers, pension fund
portfolio manager, attorney, and outside CPA/tax advisor. |
| Supervised staff in the preparation of
monthly financial statements and prepared all financial and workload
forecasts. |
| Managed all short-term borrowing needs. |
1979-1986 TRANSPORTATION AND REGULATORY AFFAIRS SPECIALIST, United Gas
Pipe Line Company, Washington, D.C.
| Designed, developed and implemented an
automated market auditing and reporting system used to define potential
natural gas markets and monitor competitors’ activities. |
| Acted as an "In-House" consultant for the
company on regulatory affairs and emerging various reports on
transportation, rate and sales proposals of company’s competitors. |
| Reported to Senior Management on actions
taken by the Federal Energy Regulatory Commission that affected the firm
and industry. |
| Provided Top-Level Management with
comprehensive Sellers and Brokers report outlining competitive pricing
and transportation strategy. |
| Identified competitive cost structure of
competitors through their market activity. |
| Developed and maintained on a weekly basis a
comprehensive cumulative data base incorporating the above reports which
highlighted industry pricing trends and identified emerging markets. |
1975-1979 PARALEGAL, Shannon & Morley, Washington, D.C.
| Responsible for determining the
applicability of various energy cases to particular client interests.
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| Reported directly to clients with regard to
decisions rendered at FERC deliberative meetings. |
PROFESSIONAL AND CIVIC ACTIVITIES
Mr. Grasso is a Member of American Economic Association. |
