M&A Advisory
Expert economic consultation on asset sales, acquisitions, and mergers within the utility sector — providing the rigorous regulatory and financial analysis that defines transaction success.
Expert economic consultation on asset sales, acquisitions, and mergers within the utility sector — providing the rigorous regulatory and financial analysis that defines transaction success.
Utility mergers and acquisitions represent some of the most complex and highly scrutinized transactions in the private sector. Every deal requires regulatory approval from one or more commissions, each applying its own public interest standards, rate impact analyses, and conditions of approval.
TAHOEconomics provides deep regulatory and economic expertise to buyers, sellers, and intervenors throughout the M&A lifecycle — from pre-transaction diligence through regulatory approval and post-closing integration. Our insights are grounded in decades of firsthand experience within state commissions and with regulated utilities.
Regulatory strategy — structuring transactions to satisfy public interest standards across multiple jurisdictions.
Economic analysis — rigorous rate impact modeling, synergy quantification, and cost-of-capital assessment.
Commission support — expert testimony, discovery support, and settlement negotiation throughout the regulatory review process.
Pre-transaction assessment of regulatory risk, rate exposure, and commission attitudes affecting transaction timing and value.
Strategic advice on deal structure and commitments designed to satisfy public interest standards and facilitate approval.
Modelling of transaction effects on customer rates, synergy benefits, and multi-year rate path projections.
Preparation of findings demonstrating customer benefit, service quality maintenance, and financial stability.
Technical and strategic support during settlement discussions to achieve efficient, durable regulatory approvals.
Advisory on post-closing compliance, commitment tracking, and ongoing commission relations.
Unlike investment banks and financial advisors, TAHOEconomics brings a regulator's perspective to utility M&A. We understand how commissions think, what staff economists scrutinize, and which commitments carry credibility with decision-makers.
This perspective — shaped by former regulatory management experience and academic research — enables us to anticipate commission concerns, craft compelling public interest narratives, and negotiate conditions that protect transaction value.
Engage TAHOEconomics early to maximize regulatory certainty, protect transaction value, and navigate the complex public interest review process with confidence.