Regulatory excellence.
Emrydia Consulting provides both independent expert and in-house consulting services to participants in the utility industry, including clients in electric, gas, water, telecom and railroad. Our clients include regulators, regulated and unregulated utilities of varying sizes, customer-focused interveners and special interest interveners.
Emrydia Consulting was created to provide parties with objective and independent advice on important matters that impact their business. At the same time, Emrydia Consulting was created to provide significant value for service and ensure that our clients work with only the best resources.
As the founder, Dustin Madsen has a unique blend of experience being involved with all three sides of the regulatory construct, having provided advice to utilities, regulators and interveners. This experience also provides the benefit of a wide range of expertise and contacts that are capable of meeting virtually any need a client may have.
Emrydia’s focus on continuous development, excellence and ensuring client’s needs and expectations are put first, while also ensuring client’s receive significant value from the services provided, sets Emrydia apart.
Exemplary experience
Mr. Madsen has nearly 20 years of work experience, and has provided advice and expert testimony on a variety of matters including but not limited to depreciation, net salvage analysis, income taxes, business valuation, generic cost of capital, rate design, treasury, prudency assessments, and the reasonableness of rates and forecast costs under both cost-of-service and incentive-based forms of regulation.
Mr. Madsen’s experience includes nearly 10 years as a consultant and expert witness for various parties including customer groups, regulators, small and large regulated and unregulated utility companies and other interveners.
Mr. Madsen was a manager and consultant at two large electric transmission and distribution companies in Alberta and was a senior auditor with Deloitte. In addition to being a Certified Depreciation Professional, Mr. Madsen is also a Canadian and U.S. CPA, and is a legacy Canadian Chartered Accountant. Mr. Madsen completed his Bachelor of Commerce Degree with a Major in Accounting at the University of Saskatchewan and was awarded his degree with Great Distinction. Mr. Madsen maintains a passion for continuous improvement and learning, which includes a passion for teaching. Mr. Madsen’s extensive experience includes significant teaching experience as an experienced facilitator for the Chartered Accountant School of Business and as a facilitator of IFRS courses for regulated electric utilities, among other teaching and training engagements.
Our team
Accounting and Finance
Our team of US and Canadian CPAs, with access to numerous experienced resources has decades of experience in accounting, finance, economic and income tax matters. This team is complimented with access to MBAs and other similar financial minded resources.
Certified Depreciation Professionals
Registered with the Society of Depreciation Professionals a CDP is a recognized resource with expertise in depreciation matters. With access to renowned CDPs providing services in both the U.S. and Canada, Emrydia can address all elements of depreciation, including preparing depreciation studies and providing complex technical advice on the timing and recovery of depreciation expense.
Certified Rate of Return Analysts
Developing an estimate of a fair return is a complex task. Emrydia has access to resources with significant rate of return analysis experience, including CRRA’s who are certified by the Society of Rate of Return Analysts. While the task will not become any less complex, Emrydia can help navigate you to a fair result.
Lawyers
The complex world of utility regulation is unique not only in a financial sense but also in legal, statutory and jurisdictional sense. Emrydia maintains access to several renowned lawyers with decades of legal experience working both in-house and as external counsel for parties in the regulated and unregulated utility industry.
Engineering
Due to the capital intensive nature of utilities, and an inextricable link between a utility’s costs and an obligation to serve, few utility issues can be solved without competent engineering resources. Emrydia maintains access to an engineering team with decades of experience in utilities, including line design, load forecasting, generation planning and other work.
Other specialized knowledge
Utility issues are unique. In keeping with this uniqueness, Emrydia maintains access to a wide range of talent, including PhDs, MBAs, and individuals with a diverse range of experience. From consultants with decades of experience, to former commissioners. Emrydia can put you in touch with the right individual or team to address your needs.
