Energy specialist Robert Van Beers joins Charles River Associates

BOSTON, Mass., Dec. 12, 2002 — Charles River Associates Inc., a provider of economic, financial, and management consulting services, announced that Robert van Beers, a recognized expert on strategic mergers and acquisitions in the global energy industry, has joined CRA’s Toronto office as a Vice President within the firm’s Energy & Environment Practice and will assume a leadership role in developing that practice in Canada.

As a worldwide authority on competitive corporate restructuring in power markets, van Beers frequently advises governments and utilities in Canada, the Middle East, Africa, and the Asia-Pacific region. His expertise encompasses all facets of energy market economics and finance, including corporate strategy, market design, contracts, asset valuation, risk analysis, and trading arrangements.

In prior positions, both as a private consultant and as Director for Energy and Utilities Strategy at PricewaterhouseCoopers in Toronto, van Beers has assisted many utility clients with the intricacies of complex mergers, acquisitions, and other energy-sector transactions.

For example, he was instrumental in helping Trans-Elect acquire the Michigan transmission grid assets from CMS Energy, and in assisting eleven utilities in northwestern Ontario to form Northwest Energy, the first unregulated municipal affiliate in the province. Once new entities have been formed, van Beers advises management on such issues as organizational process and design, asset control, and competitive market strategies. Former clients of van Beers include Toronto Hydro, Hydro Quebec, TransAlta, and BC Hydro.

In announcing van Beers’ arrival, James C. Burrows, President and CEO of Charles River Associates, said, “Robert’s experience in power utility economics, finance and restructuring make him a welcome addition to CRA’s growing Energy & Environment practice. His past work with some of the leading utilities in Canada and elsewhere in the world is representative of the expertise we seek in our staff of highly regarded economic and business consultants. We look forward to his contributions to CRA’s energy consultancy.”

About CRA

Founded in 1965, Charles River Associates is an economics, finance, and business consulting firm that works with businesses, law firms, accounting firms, and governments in providing a wide range of services. CRA combines economic and financial analysis with expertise in litigation and regulation support, business strategy and planning, market and demand forecasting, policy analysis, and engineering and technology management.

CRA is distinguished by a corporate philosophy of providing responsive, top-quality consulting; an interdisciplinary team approach; unsurpassed economic, financial, and other analytic skills; and pragmatic business insights.

In addition to its corporate headquarters in Boston and international offices in Brussels, London, Melbourne, Mexico City, Toronto, and Wellington, CRA also has U.S. offices in College Station, Houston, Los Angeles, Oakland, Palo Alto, Philadelphia, Salt Lake City, and Washington, D.C. More information about the company can be found on its Web site at www.crai.com.

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The Clarion Energy Content Team is made up of editors from various publications, including POWERGRID International, Power Engineering, Renewable Energy World, Hydro Review, Smart Energy International, and Power Engineering International. Contact the content lead for this publication at Jennifer.Runyon@ClarionEvents.com.

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