Exeter Associates, Inc. is an independent consulting firm located in Columbia, Maryland. Established in 1981, Exeter provides energy and economics consulting services in the areas of public utility regulation and antitrust economics. The firm maintains the highest standards in the application of economic and financial analysis to both quantitative and policy issues in the electric, natural gas, and other industries. Exeter is distinguished by the breadth of experience and expertise of its senior professionals. Each holds an advanced degree in economics or related field with extensive experience in his or her area of expertise, and each is a recognized expert in one or more areas of analysis and research related to: ■ Public Utility Regulation (Electricity, Natural Gas, and Water/Wastewater; Revenue Requirements, Class Cost of Service, Rate of Return, and Rate Design) ■ Econometric and Energy Modeling ■ Policy Analysis ■ Industry Analysis ■ Cost/Benefit Analysis ■ Life-Cycle Cost Analysis ■ Financial Modeling and Analysis ■ Evaluation of Alternative Utility Supplies