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Who's Who Legal
Who's Who Legal

Global Leader

WWL Ranking: Recommended

Peers and clients say

"He's an outstanding expert in pipeline regulation"
"Jeff is a really solid economist"


Dr. Jeff D. Makholm specializes 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, privatization, and industrial development for many utilities and other infrastructure businesses in more than 20 countries.

In the US, Dr. Makholm directs cases regarding tariffs, cost of capital, regulation, planning, competition, and restructuring for regulated businesses in 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-privatization restructuring of regulated businesses.

Dr. Makholm has provided expert testimony and reports on more than 150 occasions for electricity companies, gas distributors, gas and oil pipeline companies, airlines, railroads, mining companies, and regulatory bodies involved in administrative, civil, and international arbitration cases concerning competition and market power, tariffs, financing, and cost of capital. He has appeared as an expert witness before courts (including the Supreme Courts in Victoria and Western Australia and the High Court in New Zealand), many regulatory bodies and parliamentary panels, including disputes under LCIA, ICSID, AAA, and International Chamber of Commerce rules. He participated in key hearings before the Federal Energy Regulatory Commission, which led to US gas and electricity industry restructuring.

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. He recently contributed a chapter on damages in arbitration to The Investment Treaty Arbitration Review.

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