Malcolm R. Ketchum, Executive Advisor, has more than 25 years of management and regulatory economics experience. He has an extensive background in ratemaking and regulatory analysis, energy market assessment, resource procurement and contracting analysis, and strategic planning. As an economics, regulatory, financial, and policy witness, Mr. Ketchum has appeared on more than 100 occasions in Federal, State and Local regulatory and judicial proceedings in the U. S. and Canada. Mr. Ketchum has served as an advisor to many North American energy companies, regulators, and municipal utilities with policy, contractual, organizational, valuation, and strategic matters during his career as a regulator, utility officer, and management consulting company executive. Mr. Ketchum is the former Executive Vice President of Reed Consulting Group (later Navigant Consulting. Inc.). Prior to joining Reed Consulting Group as a Principal and member of the executive team, Mr. Ketchum was a Vice President at a major gas distribution company. Mr. Ketchum is a graduate of the State University of New York at Binghamton, and attended the Masters Program in Minerals and Energy Resources at the University of Texas, Austin.