Branko Terzic

Branko Terzic

Managing Director, Berkeley Research Group

Dr. Branko Terzic is a former gas company executive and past member of the U.S. Federal Energy Regulatory Commission (FERC) which regulates interstate natural gas pipelines and the State of Wisconsin Public Service Commission (WPSC) which regulates natural gas distribution companies in that state. He has served as a member of the board of directors of the American Gas Association and on the executive committee of the Natural Gas Roundtable of Washington DC. He is a past member National Petroleum Council, advisory body to U.S. Secretary of Energy, and is currently a member of the Bordeaux Energy Colloquium, executive council member of The Energy Efficiency Forum, and advisory board member of the North American Energy Standards Board.

Dr. Terzic has over thirty years experience in the natural gas industry in rates and regulation, depreciation and valuation and utility management. He currently advises industry and government on value creation strategies, energy policy, public utility management and infrastructure issues. His experience in the natural gas industry includes serving as Chairman, Chief Executive Officer and President of the holding company Yankee Energy System, Inc. This company was the parent of Yankee Gas Services Company the largest natural gas distribution company in Connecticut. (The firm was later acquired by Northeast Utilities Inc.) At that time Yankee was also a part owner of the Iroquois Pipeline System, a Canadian – US natural gas pipeline.

Terzic’s natural gas regulatory experience includes appointment by President George H.W. Bush and US Senate confirmation as a Commissioner on the Federal Energy Regulatory Commission FERC (1990-1993) which regulates all natural gas pipelines in the US. He was a member of the FERC which ordered the “unbundling” of the US gas pipeline industry in 1992 in FERC Order 636. While at the FERC he headed a national Task Force on Competition in Natural Gas Transmission. Earlier in his regulatory career he served as a commissioner on the State of Wisconsin Public Service Commission (1981-1986) where he regulated distribution gas companies in that state.

During his consulting career he has provided regulatory, valuation, depreciation and rate advice to the natural gas industry. His consulting positions have included: executive director of the Deloitte Center for Energy Solutions, regulatory leader for energy & resources at Deloitte & Touche, managing partner for Energy, Resources & Infrastructure Deloitte & Touche Central Europe, managing director at Arthur Anderson Economic Consulting, group vice president of AUS Consultants, valuation engineer at The American Appraisal Co. He began his professional career as an internal consultant with the title “special investigations engineer” at Wisconsin Electric Power Co and its subsidiary Wisconsin Natural Gas Co. He served as Chairman of the “DISCO (Distribution Company) of the Future” Project, a study of natural gas and electric distribution issues, for the Center for the Advancement of Energy Markets in Washington, DC.

Terzic has testified as an expert witness on depreciation and natural gas tariff issues in gas distribution company proceedings before state regulatory agencies in Utah and Idaho. Earlier in his career his has provided fair value and depreciation analysis for regulated gas companies in multiple states.

His articles and commentary has appeared regularly in American Gas, Public Utility Fortnightly, New Power Executive, Deregulation Watch, Natural Gas, Power Executive, The Desk, The Oil & Gas Financial Journal and European Energy Review. Terzic has contributed chapters to THE WORLD CRISIS ( Skyhorse Publishing New York 2008) and Institute for National Strategic Studies GLOBAL STRATEGIC ASSESSMENT, 2099 (National Defense University Press, Washington, DC 2009).

Dr. Terzic holds a Bachelor of Science in Engineering (B.S.E.) degree and an honorary Doctor of Sciences (D.Sc.) in Engineering, both from the University of Wisconsin- Milwaukee. He was named a Distinguished University Graduate by UWM in 1999. Terzic served to the rank of Captain, Field Artillery, in the Wisconsin Army Reserve National Guard and qualified as a Foreign Area Officer for Eastern Europe.