Background
Ms. Marie Davidson has more than eight years of experience in the gas and electric utility industries, with a broad range of consulting experience in the areas of accounting, cost of service allocation methods, project cost management, and holding company affiliated transactions. She was a member of the Ernst & Young Utilities Consulting practice from 1988 to April 1995, where she provided expertise in the areas of utility accounting, ratemaking, financial planning and operational analysis.
Prior to that period, Ms. Davidson was a senior accountant with Arthur Andersen & Co. where she planned and supervised financial audit engagements for retail, manufacturing, and government contracting concerns. In addition, she evaluated financial control systems of client companies, prepared financial forecasts, and assisted clients with public stock offerings. She was also employed in the Pratt Group Treasury Department, a large international manufacturing concern in Melbourne, Australia. Her duties included arranging for short-term borrowings from the company's banks and analyzing the financial results of the company's U.S. operations.
Education
MBA, University of Virginia
BSBA, Georgetown University (cum laude)
Functional
Experience
Financial and Economic Analysis
Directed a review of affiliated company transactions and policies while identifying and quantifying additional costs which should be allocated to the non-utility subsidiaries. She developed new intercompany cost allocation procedures and provided expert testimony for Baltimore Gas & Electric.
Examined transactions between the regulated affiliates and the nonregulated affiliates and included an overall review of all transactions which were performed using statistical sampling for Entergy Corporation.
Developed recommendations and methodologies for future competitive services between energy service companies and utilities as a result of a financial audit of a Demand-Side Management Pilot Bidding Program for the major investor-owned California utilities.
Conducted a cost of service allocation study in order to develop an allocation of common operating and maintenance expenses Centra Gas British Columbia.
Conducted a review of all actual and budgeted expenditures to be incurred in constructing a low-level radiological waste facility. Developed recommendations for improving the estimation of project costs.
Directed the cost of service analysis prepared in connection with the proposed addition of new generating and transmission facilities for a municipality.
Assisted in the review of hydroelectric generating company proposed new cost of service methodology and developed portions of expert testimony relating to cost of service methodologies.
Reviewed several companies accounting, cash management, internal audit, affiliated transactions, regulatory affairs, budgeting, cost control practices and financial management practices as part of a comprehensive management audit.
Reviewed expenditures which Pacific Gas & Electric Company incurred to provide CNG station maintenance services.
Developed an alternate basis for pricing cogenerated power for Destec Energy.
Evaluated the cost overruns that were incurred during the South Texas Project’s construction and assessed the actions that were taken by the project's owners to minimize the construction costs. Developed portions of expert testimony relating to cost analysis of the project and presented testimony for the PUC Texas staff on quantification of unreasonable costs.
Developed a methodology to quantify damages pursuant to a litigation claim and identified information which would be required to calculate damages for Cajun Electric Cooperative.
Performed a cost management analysis reconciling actual cost increases to the conceptual estimate and developed portions of expert testimony relating to financial prudence of the project for Texas-New Mexico Power Company.
Quantified the costs associated with delays in placing the Palo Verde nuclear units in operation by assessing past and future differences in system-wide energy costs and fixed costs of operations. Ms. Davidson also calculated the net present value of costs and benefits ratepayers would realize as a direct result of the delay in placing these nuclear units in operation and developed portions of expert testimony relating to revenue requirements analysis.
Developed a financial projection model based on the evaluation of the projected financial statements of an electric cooperative and prepared expert testimony.
Selected
Clients
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