These comments were submitted by Fred Grygiel*, Former Chief Economist NJ Board of Public Utilities.
The Hempling essay, “Utility Mergers: Who Has a Vision?” is, as always, interesting and informing. Here are some observations based on my experiences with some very large merger cases in NJ such as Exelon/PSEG; First Energy/GPU; Pepco/Atlantic Electric; and AGL Resources/Etown Corp.
Please note this is a “staff” perspective about who has a vision . . . OK, here we go, the petition is filed: