Jeff D Makholm

Jeff D Makholm
200 Clarendon Street
11th Floor
+1 617 927 4540


Who's Who Legal Arbitration: Expert Witnesses

Dr Jeff Makholm specialises in the economics of infrastructure industries in the energy (electricity, oil and gas, coal), 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 United States 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 United States, 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 the University of Wisconsin, Madison, and his BA in economics from the 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 a highly regarded expert on energy sector disputes who enjoys a superb reputation for his testifying experience before a wide array of courts and tribunals.

This biography is an extract from Who's Who Legal: Arbitration which can be purchased from our Shop.

Who's Who Legal Consulting Experts: Economic Consulting - Quantum of Damages

Dr Jeff D Makholm is a managing director in the energy, environment, communications, and infrastructure practice at NERA Economic Consulting. He concentrates on issues surrounding the privatisation, regulation, and operation of resource and infrastructure industries—including those that operate networks (such as oil and gas pipelines, electricity transmission and gas distribution systems, telecommunications, and water utility systems) and those operating at specific sites (such as oil refineries, electricity generation plants, oil and gas storage facilities, gas treatment plants, sewage treatment plants, and airports).

Disputes for such industries include the broad categories of valuation, pricing, market definition (including assessments of market power and mergers), bankruptcy, and the components of reasonable regulatory and business practices. On these issues, among others, Dr Makholm has prepared expert testimony, reports, and statements, and has appeared as an expert witness in more than 20 countries and on more than 250 occasions in cases before the London Court of International Arbitration (LCIA), American Arbitration Association (AAA), International Chamber of Commerce, and International Centre for Settlement of Investment Disputes (ICSID), as well as district courts and high courts in a number of countries, regulatory commissions, and parliamentary panels.

Dr Makholm frequently speaks around the world and regularly publishes in peer-reviewed journals and at academic presses on energy and infrastructure issues. His latest book is The Political Economy of Pipelines: A Century of Comparative Institutional Development, The University of Chicago Press, Chicago and London (2012). Dr Makholm earned his PhD and MA in economics from the University of Wisconsin, Madison and his MA and BA in economics from the University of Wisconsin, Milwaukee.

WWL says: Jeff Makholm stands out for his experience in multimillion-dollar damages claims in the infrastructure and energy industries.

This biography is an extract from Who's Who Legal: Consulting Experts which can be purchased from our Shop.

Follow us on LinkedIn

Practice Areas


Browse Firms

Search Firms

The Who's Who Legal 100


News & Features

Special Reports



About Us

It is not possible to buy entry into any Who's Who Legal publication

Nominees have been selected based upon comprehensive, independent survey work with both general counsel and private practice lawyers worldwide. Only specialists who have met independent international research criteria are listed.

Copyright © 2018 Law Business Research Ltd. All rights reserved. |

87 Lancaster Road, London, W11 1QQ, UK | Tel: +44 20 7908 1180 / Fax: +44 207 229 6910 |

Law Business Research Ltd

87 Lancaster Road, London
W11 1QQ, UK