Team

Dean R. Tibbs, Ph.D.
President Advanced Energy Strategies, Inc.

Dr. Tibbs holds a bachelors degree in economics from the University of California at Riverside, and a Ph.D. degree in economics from the University of California at Davis. Dr. Tibbs has more than twenty years of experience in the electric utility industry. As a Ph.D. degree candidate Dr. Tibbs performed research at the California Energy Commission. At Pacific Gas and Electric Dr. Tibbs concentrated on electric transmission, inter-utility relations, and wholesale power transactions. As Vice President of Business Planning and Development at Enova Energy Management he specialized in marketing and product development under industry deregulation. Since establishing Advanced Energy Strategies Dr. Tibbs has been instrumental in creating three new electric and gas utilities; two in California and one in Kentucky. He developed the rate structure for one of those utilities and continues to administer rates and customer service in his capacity as President of the utility operating company. Dr. Tibbs is very familiar with the economics of power generation through his involvement with development of large scale generation projects and consulting work developing generation alternatives for both municipal utilities and private companies.

W. Richard Maclay,
Consultant

Mr. Maclay holds a bachelors degree in economics from Colgate University and an MBA from New York University. Mr. Maclay has twenty years of experience in the electric power industry.
He has performed feasibility studies for new municipal utilities, and has taken a leading role in the start-up of a new utility where he developed the utility’s tariff. He has performed economic comparisons among generating technologies focused on selecting optimal technologies to meet the objectives of public utilities.
Mr. Maclay developed the AES dispatch model for small municipal utilities, and developed methodologies for employing dispatch models to anticipate pricing by independent generators. At PG&E Mr. Maclay developed methods for economic analysis for evaluating capital projects and changes in operations, as well as analyzing distribution, transmission, and generation projects. Previously, Mr. Maclay did economic studies and cost analyses in support of pricing decisions for another infrastructure industry at Western Pacific Railroad.

Henli Tjokrodjojo,
Consultant

Ms. Tjokrodjojo holds a bachelors degree in finance from Ohio State University and is enrolled in the MBA program at California State University at Hayward. Ms Tjokrodjojo has supported the analytical work at AES since 2002, and she has been extensively involved in working with two municipal utilities that set up or revised their accounting systems. She has performed financial due diligence, forensic accounting and financial analysis for telecommunication and technology companies. Ms Tjokrodjojo has is experienced in financial forecasting and budgeting.

Mike Borden,
Consultant

Mr. Borden holds a bachelors degree in economics from Cornell University and a master’s degree in economics from University of California at Davis. He has more than 23 years of broad-based energy industry experience. He has held key positions in power plant development, energy marketing and trading, and energy procurement. Mike has significant experience in power and natural gas commodities. While working as a director for PanEnergy Trading and Marketing Company (subsequently, Duke Energy), Mike took the initiative to recruit, train and manage PanEnergy’s first real-time power trading group in Houston. Mike later became the Managing Director of Power Plant Development for Duke for the Florida sub region of the southeast. At independent power producer, Cogentrix, Mike was Vice President of Development, concentrating on the Florida wholesale power market.

"The world's energy markets are changing. Regulatory reform and privatization have added a complexity to the industry that was absent just a decade ago. As cities continue to grow and business and industry develop new markets, the demand for energy will continue to grow." - W.R. Maclay