Julie M Carey is a deeply experienced energy economist and expert witness at NERA Economic Consulting. She has nearly 25 years of experience addressing economic issues in oil and gas, power and renewables, and pipeline and railroad sectors across global markets. She routinely conducts economic analyses of energy and transportation markets to understand historical and forecasted market conditions and provides expert testimony within commercial and regulatory disputes.
In addition to her expert consultancy work, Ms Carey is an adjunct professor at Georgetown University, where she teaches energy economics in the graduate economics programme. She also speaks frequently at energy industry conferences and publishes articles to provide thought leadership and insights on energy market dynamics and economic issues.
Ms Carey has authored expert reports and provided expert testimony before energy and transportation regulatory agencies, including the US Federal Energy Regulatory Commission (FERC), the Canadian National Energy Board (NEB), the US Surface Transportation Board (STB), the Canadian Competition Bureau (CCB), and many other state and provincial regulatory agencies. Her work includes analysis of market dynamics (eg, supply, demand and pricing), competition (including market-based rates, mergers and acquisitions, negotiated rates, claims of market manipulation and affiliate rules), rate reasonableness disputes, economic impact, greenhouse gas emissions, and other regulatory and economic issues.
Within commercial disputes, Ms Carey has experience providing expert and consulting services across various types of disputes, including breach of contract, antitrust, bankruptcy, class actions, fiduciary duty and qui tam, throughout the energy and transportation sectors. Ms Carey has reviewed hundreds of commercial contracts and evaluated their economic components, including pricing and economic damages. She has reviewed many energy and transportation contracts, including crude oil, natural gas, natural gas liquids, refined products, oil pipeline transportation, coal, electricity and power, many types of renewable energy (eg, solar, geothermal, hydro and wind), and railroad transportation.
Ms Carey has substantial experience with economic damages (historical and future lost profit analyses) and conducting valuation analyses. She has also evaluated diminished value claims, unjust enrichment and other types of damages claims. She has assessed and quantified economic damages and conducted valuation analyses in dozens of cases. Her experience also includes evaluation of economic theories of damages, as well as economic causation, mitigation of damages and other economic damages issues.
Ms Carey’s experience in commercial disputes includes work before US courts and the American Arbitration Association (AAA), as well as numerous international arbitration venues, including the International Chamber of Commerce (ICC), the Stockholm Chamber of Commerce (SCC), the Hong Kong International Arbitration Centre (HKIAC), the London Court of International Arbitration (LCIA), and ad hoc international arbitrations.