Branko Terzic

Managing Director

BRG LLC

Speaker
2 Events

Biography

The Honorable Branko Terzic is an internationally recognized regulator, management consultant, and expert witness in the energy, public utility, and infrastructure industries. He has experience in the electric, natural gas pipeline and distribution, liquefied natural gas (LNG), oil pipeline, hydroelectric, and water utility industries. Mr. Terzic’s areas of expertise are national and international utility regulation, valuation and depreciation, rate and tariff studies, and regulatory policy for conventional, renewable, and distributed electricity resources. Mr. Terzic’s four-decade career has included service as a commissioner on the State of Wisconsin Public Service Commission and Commissioner for the Federal Energy Regulatory Commission; international and domestic consulting to management and governments; and experience as the chairman, president, and chief executive officer of an NYSE-listed holding company with a subsidiary regulated public utility and unregulated operations. In the United States, Mr. Terzic has experience as an expert witness before state public-service commissions and committees of Congress. His international energy experience includes serving as regional managing partner for a major professional services and audit firm in central and eastern Europe and chairmanship of an international committee of experts on cleaner electricity under the UN Economic Commission for Europe. Additional experience includes: Development and leadership of a stakeholder and issues workshop for management employees of a Midwestern investor-owned electric utility Development and presentation of three- and five-day training programs in electric utility regulation for management employees of three US investor-owned electric utilities Preparation of comprehensive restructuring study and program for commercialization of a state-owned electric utility system in Eastern Europe in advance of European Union membership Development of a privatization plan for a state-owned Eastern European electric utility system Recommendation of plan for the creation of an independent regulatory agency for the electric industry in a Caribbean nation Preparation of a study of options for funding nuclear power decommissioning for an Asian government Preparation of a study of options for treatment of potential stranded costs in the electric power industry for the government of an Asian country Presentation of current strategic issues in the electric power industry based on global trends for the board of directors of a state-owned electric system Executive coaching and training for new CXO officer of a multi-state investor-owned utility in electric utility regulation and strategic issues Testimony before a state public-service commission on FERC natural gas pipeline regulatory policy for an investor-owned natural gas distribution system Testimony before a state public-service commission on state regulatory policy concerning affiliate interest transactions for an investor-owned natural gas distribution company Testimony before a state public-service commission on depreciation policy and rates for an investor-owned telephone system Testimony before a state public-service commission on decommissioning costs for a nuclear power plant   Employment History Branko Terzic & Associates, Inc. President 2014 – 2015 Deloitte Center for Energy Solutions Executive director 2012 – 2014 Deloitte Services LP Regulatory policy leader 1999 – 2014 Deloitte & Touche Central Europe LLP Regional managing partner of resources, energy & infrastructure 1999 – 2004 Yankee Energy System, Inc. Chairman, president and CEO 1994 – 1998 Arthur Andersen Economic Consulting Managing director 1993 -1994 US  Federal Energy Regulatory Commission Commissioner 1990 – 1993 AUS Consultants Group vice president 1986 – 1990 State of Wisconsin Public Service Commission Commissioner 1981 – 1986 Terzic and Mayer Public Utility Consulants Partner 1979 – 1981 Associated Utility Services, Inc. Vice president 1976 – 1979 American Appraisal Associates, Inc. Staff appraiser 1969 – 1971, 1974 – 1976 Wisconsin Electric Power Company Special investigations engineer 1972 – 1974   Professional Affiliations Energy Efficiency Forum Executive Committee Member Society of Depreciation Professionals Member Society of Utility Regulatory Financial Analysts Member Association of Energy Engineers Member The Natural Gas Roundtable Member Energy Bar Association Member US Association for Energy Economics Member American Society of Mechanical Engineers Senior member The Washington Campus MBA Programs Faculty member   Community/Civic Involvement FinMetrix LLC Chairman April 2015 State of Wisconsin Racing Board (state official in part-time capacity), Madison, Wisconsin Chairman May 27, 1988–October 19, 1990 National Regulatory Research Institute, The Ohio State University Board member 1988-1990

Related Events

2 Events

November 21, 2023

Past Event

USEA Virtual Press Briefing: The Oil and Gas Dilemma

The Fossil Fuel Dilemma: Will the U.S. Throw the Baby Out with the Bathwater? The United States faces a dilemma about the production of fossil fuels: Should the nation restrict this activity as it heads toward a renewables future, or would that throw the baby out with the bathwater? Is the perfect the enemy of the good, which is the gradual electrification of everything? The big rub is whether utilities will be able to use natural gas to support growing electricity demand, as coal is phased out, or whether public policy — both national and local — will force them to curtail gas use too? The International Energy Agency says fossil fuel use will peak in 2030, but the Organization of Petroleum Exporting Countries says it will peak 15 years later. What will that mean to the fossil fuels industry? Interestingly, the desire to end dependence on fossil fuels comes 50 years after the Arab oil embargo, which plunged the world into chaos. Then the pressure was to find more hydrocarbons, and oil became the new gold. Russia’s war in Ukraine showed the diplomatic leverage implicit in the United States as a gas exporter. Will this be encouraged or hindered as we drive toward net zero by 2050? This is against the backdrop of war in the Middle East and the pressure which will come from the COP28 meeting in Dubai. Also, it comes after five years of rising average temperatures and a public desire to end fossil fuel generation fast, both here and abroad. What about oil demand for gasoline? Although electric vehicles are appearing everywhere, it will be a long time before they are universal. And what about the oil infrastructure and the many jobs it creates? How will the oil industry handle the future? Are the recent mergers an indication of the industry bracing for it? The United States Energy Association will examine the future of oil and natural gas at a virtual press briefing on Nov. 21 at 11 a.m. Eastern Time. EXPERTS: Melanie Kenderdine, Principal, Energy Future Initiative Markham Hislop, Publisher, Energi Media Scott Corwin, President and CEO, American Public Power Association Charlie Riedl, Executive Director, Center for Liquefied Natural Gas Branko Terzic, Managing Director, Berkeley Research Group LLC David Greely, Chief Economist, Abaxx Exchange REPORTERS: Ken Silverstein, Forbes Peter Behr, E&E News Rod Kuckro, Freelance
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October 22, 2021

Past Event

Natural Gas: The Essential Grid Stabilizer

Is the grid being destabilized in the rush to shut out gas? Is backing away from natural gas prematurely a potential risk to the U.S. electric grid? Some players in the energy industry are seeking to reduce the role of natural gas. But natural gas is vital in electricity production, especially in backing up wind and solar. Also, gas is a versatile storage medium and its existing infrastructure could be repurposed for hydrogen. Many thought leaders say there is a significant danger of destabilizing the world energy situation if natural gas is eliminated, as nations aren’t yet prepared for a full transition to renewables. They cite the current energy shortage in Europe, due to a unpredictable gas supply from Russia and a long, unprecedented wind drought. In Britain, conditions are worse, because it has come to rely on wind for 20 percent of its power and the wind hasn't been steadily available. In addition, Britain has very little capacity to store gas for emergency use during a catastrophe. How secure are we? This question and more will be addressed during this USEA Virtual Press Briefing. USEA Acting Executive Director Sheila Hollis will give opening remarks, and Lllewelyn King, who organized this briefing, will moderate. The general audience can submit questions using the Zoom Q&A function, but members of the media will be given preference. A recording will be made available after the briefing. Panelists: Sheila Hollis, Acting Executive Director, USEA Arshad Mansoor, President & CEO, Electric Power Research Institute Suriya Evans-Prichard Jayanti, International Energy Counsel, U.S. Department of Commerce Branko Terzic, Managing Director, BRG LLC Journalists: Rod Kuckro, Freelance Ken Silverstein, Forbes Jasmin Melvin, S&P Global
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