Robert W. Hahn is director of the AEI-Brookings Joint Center for Regulatory Studies, a resident scholar at the American Enterprise Institute, and a research associate at Harvard University. Previously, he served as a senior staff member of the President’s Council of Economic Advisers. Mr. Hahn frequently contributes to general-interest periodicals and leading scholarly journals, including the New York Times, Wall Street Journal, American Economic Review, Science and Yale Law Journal. Most recently, he is the author of Reviving Regulatory Reform: A Global Perspective (AEI-Brookings Joint Center, 2000). In addition, Mr. Hahn is cofounder of the Community Preparatory School––an inner-city middle school in Providence, Rhode Island, that provides opportunities for disadvantaged youth to achieve their full potential.

William W. Hogan is Lucius N. Littauer Professor of Public Policy and Administration at the John F. Kennedy School of Government, Harvard University and research director of the Harvard Electricity Policy Group. Mr. Hogan has been a member of the faculty of Stanford University where he founded the Energy Modeling Forum and he is a past president of the International Association for Energy Economics. Currently he is a director of LECG, LLC. Mr. Hogan has been actively engaged in the design and improvement of competitive electricity markets in the U.S. and around the world. He has worked to design the market structures and market rules by which regional transmission organizations, in various forms, coordinate bid-based markets for energy, ancillary services, and transmission rights. In particular, Mr. Hogan is the principal architect of pricing and transmission rights systems based on locational marginal cost pricing (LMP), which efficiently price the effects of congestion. He pioneered the development of financial transmission rights (FTR) systems now in use in New York and in the Pennsylvania-New Jersey-Maryland (PJM) area that allow market participants to hedge congestion costs.

Sally Hunt retired from National Economic Research Associates (NERA) where she was head of the U.S. Energy Practice, and is now a special consultant to NERA. She is the author of Making Competition Work in Electricity, a book explaining the technical and policy implications of competition in the electric industry. Ms. Hunt has served as corporate economist at Con Edison, deputy director of the New York City Energy Office and assistant administrator of the New York City EPA (under Mayor Lindsay). She also led a team of five NERA economists for six years, advising the Central Electric Generation Board and later National Power as the UK industry was restructured from a nationalized monopoly to a privatized, competitive industry. She then spent two years in California, working with Southern California Edison on multiple issues arising in the process of restructuring. Returning to New York, she worked with several U.S. companies (notably PSE&G in New Jersey, and Baltimore Gas and Electric) on the regulatory issues involved in direct access.

Paul L. Joskow is Elizabeth and James Killian Professor of Economics and Management at MIT and director of the MIT Center for Energy and Environmental Policy Research. He has been on the MIT faculty since 1972 and served as head of the MIT Department of Economics from 1994 to 1998. At MIT he is engaged in teaching and research in the areas of industrial organization, energy and environmental economics, and government regulation of industry. Mr. Joskow has published five books and over 100 articles and papers in these areas. He has served as a consultant on competition, regulatory reform and deregulation issues to governments, public and private enterprises around the world. Mr. Joskow is a research associate at the National Bureau of Economic Research, was a member of the Boards of Directors of the New England Electric System until its acquisition by the National Grid Group (NGG), and subsequently joined the Board of Directors of NGG. He is also a director of State Farm Indemnity Company, the Whitehead Institute for Biological Research, and a Trustee of the Putnam Mutual Funds.