Dr Jeff Makholm specialises in the economics of regulated infrastructure industries in the energy (electricity, gas, and petroleum products), transportation (pipelines, railroads, and airports), water, and telecommunications sectors. He has directed projects on competition, pricing, financing, privatisation, and industrial development for many utilities and other infrastructure businesses in the US and more than 20 other countries.
Dr Makholm has provided expert testimony and reports on over 250 occasions for electricity companies, gas distributors, gas and oil pipeline companies, or regulatory bodies involved in administrative, civil, and international arbitration cases concerning competition and market power, tariff design, financing, and cost of capital. He has appeared as an expert witness before numerous regulatory bodies and parliamentary panels abroad, including disputes under LCIA and ICSID rules. He participated in key hearings before the Federal Energy Regulatory Commission, which led to US gas and electricity industry restructuring. He has also testified on market and regulatory issues before the Supreme Court in Victoria, Australia and before the High Court and Parliament in New Zealand.
Dr Makholm has directed cases regarding tariffs, cost of capital, regulation, planning, competition, and restructuring for regulated businesses in many state and federal regulatory jurisdictions. Beyond the US, he has assisted regulated industries, governments, and the World Bank with regulatory laws, proposed financing plans, and the pre-privatisation restructuring of regulated businesses.
Dr Makholm received his PhD and MA in economics from University of Wisconsin, Madison, and his BA in economics from University of Wisconsin, Milwaukee. His latest book, The Political Economy of Pipelines, was published by the University of Chicago Press in 2012.
WWL says: Jeff Makholm is “always prepared, pragmatic and focused” and is considered “a real specialist” when it comes to regulated infrastructure industries.
This biography is an extract from Who's Who Legal: Arbitration which can be purchased from our Shop.