Wholesale Power Supply Services
Assisting clients in the negotiation of long-term wholesale power supply services. Nova has assisted electric wholesale customers in enjoying huge savings in the competitive wholesale market.
Retail Rate Design Services
Providing retail rate design services for small electric systems to maintain profitability and a proper level of transfers. We have worked on utility systems ranging in size from large investor-owned electric utilities to small town sewer systems.
Expert Witness Litigation Support
Providing expert witness litigation support services in utility regulatory cases. Services provided include cost-of-service studies (COSS), rate design, rate of return, accounting, and financial valuations.
About Nova Energy Consultants
Kevin W. O’Donnell, is the founder of Nova Energy Consultants, Inc. in Cary, NC. Mr. O’Donnell's academic credentials include a B.S. in Civil Engineering - Construction Option from North Carolina State University as well as a MBA in Finance from Florida State University. Mr. O'Donnell is also a Chartered Financial Analyst (CFA).
Kevin O’Donnell of Nova Energy Consultants, Inc. has appeared as an expert witness or assisted in the settlement process in over 60 utility regulatory cases. more regulatory cases
Having over twenty-five years experience working in the electric, natural gas, and water/sewer industries. Mr. O'Donnell appeared as an expert witness in regulatory proceedings in North Carolina, South Carolina, Virginia, Minnesota, and Florida on issues such as rate of return, cost of service, rate design, holding company applications, fuel adjustment cases, and nuclear financing cases.
Negotiated about 20 wholesale power transactions ranging from the issue of the RFP for power supplies, the financial analysis of the RFP, negotiation of contractual details, and the execution of the actual contracts. The most significant project resulted in the clients receiving wholesale power rate cuts of approximately 67%.
Has testified before the US House of Representatives, Committee on Commerce, Subcommittee on Energy and Power on the benefits of electric wholesale deregulation and municipal aggregation.
Client projects have included North Carolina, South Carolina, Texas, Virginia, Florida, and Virginia. Speaking engagements include numerous technical conferences around the United States.
Valuation Analyses
Mr. O’Donnell has also presented various analyses on business valuations in civil and regulatory proceedings. These analyses have focused on the values of lost income and lost wages due to contract terminations and/or loss of personal income.