Owens Creek Exhibit G

Economic Impact of Owens Creek Solar Project

June 2021 Strategic by David G. Loomis Strategic Economic Research, LLC S E R Economic strategiceconomic.com Research , LLC 815-905-2750 About the Author

Dr. David G. Loomis

Professor of Economics, Illinois State University Strategic Economic Research, LLC Co-Founder of the Center for Renewable Energy President of Strategic Economic Research, LLC

Dr. David G. Loomis is Professor of Economics at Illinois Strategic Economic Research, LLC State University and Co-Founder of the Center for (SER) has produced over 120 economic Renewable Energy. He has over 10 years of experience in impact reports in 27 states for renewable the renewable energy field and has performed economic energy projects across the US. SER analyses at the county, region, state and national levels specializes in economic analysis at the for utility-scale wind and solar generation. He has county, regional, state or national levels served as a consultant for Apex Clean Energy, Clean Line to analyze the jobs, income, taxes and Energy Partners, EDF Renewables, E.ON Climate and economic output that will flow from a Renewables, Geronimo Energy, Invenergy, J-Power, the particular industry. National Renewable Energy Laboratories, Ranger Power, State of Illinois, Tradewind, and others. He has testified on the economic impacts of energy projects before the Research Associates Illinois Commerce Commission, Iowa Utilities Board, Missouri Public Service Commission, Illinois Senate Bryan Loomis, MBA Energy and Environment Committee, the Wisconsin Property Tax and Land Use Director Public Service Commission, Kentucky Public Service Commission, Ohio Public Siting Board, and numerous Ethan Loomis, Director of Marketing county boards. Dr. Loomis is a widely recognized expert and has been quoted in the Wall Street Journal, Forbes Madison Schneider, Project Manager Magazine, Associated Press, and Chicago Tribune as well as appearing on CNN. Christopher Thankan, Economic Analyst

Dr. Loomis has published over 38 peer-reviewed articles Zoe Calio, Project Manager in leading energy policy and economics journals. He has raised and managed over $7 million in grants and Patrick Chen, Property Tax Analysis contracts from government, corporate and foundation sources. He received the 2011 Department of Energy’s Claire Cunningham, Data Specialist Midwestern Regional Wind Advocacy Award and the 2006 Best Wind Working Group Award. Dr. Loomis received Morgan Stong, Data Specialist his Ph.D. in economics from Temple University in 1995.

Strategic S E R Economic Research , LLC Table of Contents

I. Executive Summary of Findings ��1 II. U.S. Solar PV Industry Growth and Economic Development �� 2 a. U.S. Solar PV Industry Growth �� 2 b. Illinois Solar PV Industry ��4 c. Economic Benefits of Utility-Scale Solar PV Energy ��6 III. Owens Creek Solar Project Description and Location �� 7 a. Owens Creek Solar Project �� 7 b. DeKalb County, Illinois �� 7 i. Economic and Demographic Statistics ��8 ii. Agricultural Statistics ��11 IV. Economic Impact Methodology ��12 V. Economic Impact Results �� 14 VI. Tax Revenue ��17 VII. References �� 24 VIII. Curriculum Vita - David G. Loomis ��26

Strategic S E R Economic Research , LLC Table of Contents - Figures & Tables

Figure 1 – Annual U.S. Solar PV Installations, 2010-2025 �� 2 Figure 2 – U.S. Annual Solar PV Installed Price Trends Over Time �� 3 Figure 3 – U.S. Utility PV Installations vs. Contracted Pipeline �� 3 Figure 4 – Solar Company Locations in Illinois ��4 Figure 5 – Illinois Annual Solar Installations �� 5 Figure 6 – Electric Generation Employment by Technology �� 5 Figure 7 – Location of DeKalb County, Illinois �� 7 Figure 8 – Total Employment in DeKalb County from 2007 to 2019 ��8 Figure 9 – Population in DeKalb County 2010 to 2019 ��9 Figure 10 – Median Household Income in DeKalb County from 2010 to 2019 ��9 Figure 11 – Real Gross Domestic Product (GDP) in DeKalb County from 2010 to 2019 ��10

Table 1 – Employment by Industry in DeKalb County �� 8 Table 2 – Total Employment Impact from Owens Creek Solar Project ��14 Table 3 – Total Earnings Impact from Owens Creek Solar Project ��16 Table 4 – Total Output Impact from Owens Creek Solar Project ��16 Table 5 – Total Property Taxes Paid by Owens Creek Solar Project ��20 Table 6 – Property Tax Revenue for the County and Other Taxing Bodies �� 21 Table 7 – Tax Revenue from Owens Creek Solar Project for Other Taxing Bodies �� 22 Table 8 – Tax Revenue from Owens Creek Solar Project for School Districts �� 23

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I. Executive Summary of Findings

Leeward Renewable Energy is developing Owens Creek Solar Project in DeKalb County, Illinois. The purpose of this report is to aid decision makers in evaluating the economic impact of this project on DeKalb County and the State of Illinois. The basis of this analysis is to study the direct, indirect, and induced impacts on job creation, wages, and total economic output.

Owens Creek Solar Project is a 500-megawatt alternative current (MWac) utility-scale solar powered-electric generation facility that will utilize photovoltaic (PV) panels installed on a single-axis tracking system. Solar power electric generation facilities are commonly referred to as PV systems or solar PV. The project represents an investment in excess of $539 million. The total development is anticipated to result in the following:

Jobs – all jobs numbers are full-time equivalents Output • 1,539 new local jobs during construction for • Over $159 million in new local output during DeKalb County construction for DeKalb County • 2,589 new local jobs during construction for the • Over $344 million in new local output during State of Illinois construction for the State of Illinois • Over 28.2 new local long-term jobs for DeKalb • Over $3.8 million in new local long-term output County for DeKalb County annually • Over 44 new local long-term jobs for the State of • Over $7.8 million in new local long-term output Illinois for the State of Illinois annually

Earnings Property Taxes • Over $48.5 million in new local earnings during • Over $50.1 million in total school district construction for DeKalb County revenue over the life of the Project • Over $183 million in new local earnings during • Over $2 million in total township property taxes construction for the State of Illinois over the life of the Project • Over $1.1 million in new local long-term • Over $8.7 million in total county property taxes earnings for DeKalb County annually for DeKalb County over the life of the Project • Over $3.0 million in new local long-term • Over $76.5 million in property taxes in total for earnings for the State of Illinois annually all taxing districts over the life of the Project

Strategic S E R Economic Research , LLC 2 II. U.S. Solar PV Industry Growth and Economic Development a. U.S. Solar PV Industry Growth

The U.S. solar industry is growing at a rapid but uneven pace, with systems installed for onsite use, including residential, commercial and industrial properties and with utility-scale solar powered-electric generation facilities intended for wholesale distribution, such as Owens Creek Solar. From 2013 to 2018, the amount of electricity generated from solar had more than quadrupled, increasing 444%. (EIA, 2020). The industry has continued to add increasing numbers of PV systems to the grid. In 2020, the U.S. installed over 18,000 MW direct current (MWdc) of solar PV driven mostly by utility-scale PV which exceeded the previous annual record established in 2016.1 As Figure 1 clearly shows, the capacity additions in 2017-2019 still outpaced any year before 2016. The primary driver of this overall sharp pace of growth is large price declines in solar equipment. Since 2010, the price of solar PV has declined from about $5.79/watt in 2010 to $1.33/watt in 2020 according to Figure 2. Solar PV also benefits from the Federal Investment Tax Credit (ITC) which provides a 26 percent tax credit for residential and commercial properties.

Utility-scale PV leads the installation growth in the U.S. A total of 8,402 MWdc of utility PV projects were completed in 2019 and accounted for 63% of the total installed capacity in 2019. An additional 9,988 MWdc are under construction and are expected to come on-line in 2020. According to Figure 3, there are 69,000 MWdc of contracted utility-scale installations that have not been built yet.

Figure 1 – Annual U.S. Solar PV Installations, 2010-2025

Source: Solar Energy Industries Association, Solar Market Insight Report 2020 Year in review

1 There was a dramatic increase in 2016 because the industry was expecting the expiration of the federal investment tax credit and rushed to complete as many projects as Strategic possible before the expected expiration. This rush effectively pulled projects that were originally slated for 2017 and 2018 forward into 2016 resulting in the high amount S E R Economic installed in 2016 but a lower amount installed in 2017 and 2018. Research , LLC 3

Figure 2 – U.S. Annual Solar PV Installed Price Trends Over Time

Source: Solar Energy Industries Association, Solar Market Insight Report 2020 Q4

Figure 3 – U.S. Utility PV Installations vs. Contracted Pipeline

Source: Solar Energy Industries Association, Solar Market Insight Report 2020 Q4

Strategic S E R Economic Research , LLC 4 b. Illinois Solar PV Industry

According to SEIA, Illinois is ranked 26th in Figure 5 shows the Illinois historical installed the U.S. in cumulative installations of solar PV. capacity by year according to the SEIA. Huge California, North Carolina, and Arizona are the top growth in solar installations is forecasted in 2021 3 states for solar PV which may not be surprising and beyond due largely to new energy legislation because of the high solar irradiation that they that was passed in Illinois in 2016. The legislation, receive. However, other states with similar solar titled the Future Energy Jobs Act, is expected to spur irradiation to Illinois rank highly including New 1,300 MW of new wind development and 3,000 MW Jersey (7th), Massachusetts (8th), New York (10th), of new solar development by 2030. and Maryland (15th). In 2020, Illinois installed almost 250 MW of solar electric capacity bringing Figure 4 – Solar Company Locations in Illinois its cumulative capacity to 465 MW.

Illinois has great potential to expand its solar installations. According to Jo, Aldeman and Loomis (2013a), solar PV could produce 7.5% of Illinois’ electric load. Yet in 2016, Illinois produced only 0.14% of its electricity from Solar PV and Solar Thermal according to the EIA (2019). Illinois has three utility-scale solar farms in operation: Exelon City Solar is a 10 MW installation on the south side of Chicago; Grand Ridge Solar Farm is a 20 MW installation near Streator, IL; and the Rockford Solar Farm is a 3 MW installation near the Chicago Rockford International Airport. The 500 MW Owens Creek Solar Project will be one of the largest installations in Illinois to date.

There are more than 301 solar companies in Source: Solar Energy Industries Association, Solar Spotlight: Illinois Illinois including 63 manufacturers, 99 installers/ developers, and 139 others.2 Figure 4 shows the locations of solar companies in Illinois as of the time of this report. Currently, there are 5,259 solar jobs in the State of Illinois according to SEIA.

2 Strategic “Other” includes Sales and Distribution, Project Management, and Engineering. S E R Economic Research , LLC 5

The U.S. Department of Energy sponsors the U.S. Figure 5 – Illinois Annual Solar Installations Energy and Employment Report each year. Electric Power Generation covers all utility and non-utility employment across electric generating technologies, including fossil fuels, nuclear, and renewable technologies. It also includes employees engaged in facility construction, turbine and other generation equipment manufacturing, operations and maintenance, and wholesale parts distribution for all electric generation technologies. According to Source: Solar Energy Industries Association, Solar Spotlight: Illinois Figure 6, employment in the solar energy industry (5,917) trails behind wind electric generation (8,763) but is larger than natural gas generation Figure 6 – Electric Generation Employment by (4,613) and nuclear generation (4,429). Technology

Source: US Energy and Employment Report 2020: Illinois

Strategic S E R Economic Research , LLC 6 c. Economic Benefits of Utility-Scale Solar PV Energy

Utility-scale solar powered-electric generation crystalline-silicone systems having a nameplate facilities have numerous economic benefits. Solar capacity of 5kW. Eight JEDI models estimated PV installations create job opportunities in the local the economic impacts using different input area during both the initial construction phase and assumptions. They found that county employment the long-term operational phase. In addition to the impacts varied from 377 to 1,059 job-years during workers directly involved in the construction and construction and 18.8 to 40.5 job-years during maintenance of the solar energy project, numerous the operating years. Each job-year is a full-time other jobs are supported through indirect supply equivalent job of 2,080 hours for a year. chain purchases and the higher spending that is induced by these workers. Solar PV projects Loomis (2020) estimates the economic impact of strengthen the local tax base and help improve wind and solar energy in Illinois resulting from the county services, and local infrastructure, such as proposed Path to 100 legislation. The legislation is public roads, while having limited additional stain expected to result in constructing over 15,000 MW on local services, such as schools and emergency of wind and solar over the next 15 years yielding management services. over 53,000 jobs during construction and over 3,200 jobs during operations. The analysis also Numerous studies have quantified the economic looks at the 39 largest existing wind farms in Illinois benefits of Solar PV projects across the United and finds that they supported 29,295 jobs during States and have been published in peer-reviewed construction and 1,307 jobs during operations for a academic journals using the same methodology as total economic benefit of $10.2 billion over the life this report. Some of these studies examine smaller- of the projects. In addition, a review of historical scale solar systems, and some examine utility-scale property tax records finds that existing utility-scale solar energy. Croucher (2012) uses NREL’s Jobs wind and solar projects paid over $305 million in and Economic Development Impacts (“JEDI”) property taxes statewide since 2003 and over $41.4 modeling methodology to find which state will million in 2019 alone. receive the greatest economic impact from installing one hundred 2.5 kW residential systems. He shows More recently, Jenniches (2018) performed a that Pennsylvania ranked first supporting 28.98 jobs review of the literature assessing the regional during installation and 0.20 jobs during operations. economic impacts of renewable energy sources. Illinois ranked second supporting 27.65 jobs during After reviewing all of the different techniques for construction and 0.18 jobs during operations. analyzing the economic impacts, he concludes “for assessment of current renewable energy Jo et. al. (2016) analyzes the financing options and developments, beyond employment in larger economic impact of solar PV systems in Normal, IL regions, IO [Input-Output] tables are the most and uses the JEDI model to determine the county suitable approach.” (Jenniches, 2018, 48). Input- and state economic impact. The study examines Output analysis is the basis for the methodology the effect of 100 residential retrofit fixed-mount used in the economic impact analysis of this report.

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III. Owens Creek Solar Project Description and Location

a. Owens Creek Solar Project Owens Creek Solar is a proposed 500MWac photovoltaic (PV) solar energy generating facility located in DeKalb County, Illinois. The project is sited on approximately 3,700 acres of farmland, approximately 7 miles to the northwest of the City of DeKalb. The project is anticipated to be placed in service by the end of 2023, or 2024.

b. DeKalb County, Illinois Figure 7 – Location of DeKalb County, Illinois DeKalb County is located in the Northern part of Illinois (see Figure 7). It has a total area of 635 square miles and the U.S. Census estimates that the 2019 population was 104,897 with 41,206 housing units. The county has a population density of 166 (persons per square mile) compared to 232 for the State of Illinois. Median household income in the county was $63,317.

Strategic S E R Economic Research , LLC 8 i. Economic and Demographic Statistics

As shown in Table 1, the largest industry is Table 1 provides the most recent snapshot of “Administrative Government” followed by “Health total employment but does not examine the Care and Social Assistance,” “Retail Trade” and historical trends within the county. Figure 8 shows “Manufacturing.” These data for Table 1 come from employment from 2007 to 2019. Total employment IMPLAN covering the year 2019 (the latest year in DeKalb County was at its lowest at 50,322 in 2010 available). and its highest at 53,195 in 2018.

Table 1 – Employment by Industry in DeKalb County Figure 8 – Total Employment in DeKalb County from 2007 to 2019 Industry Number Percent Employment in DeKalb County, Illinois Administrative Government 10,509 19.2% 53,500 Health Care and Social Assistance 6,037 11.0% 53,000 Retail Trade 5,681 10.4%

Manufacturing 4,647 8.5% 52,500 Accommodation and Food Services 4,369 8.0% 52,000 Other Services (except Public Administration) 3,842 7.0% Construction 3,432 6.3% 51,500 Professional, Scientific, and Technical Services 2,826 5.2% 51,000 Administrative and Support and Waste Manage- 2,782 5.1%

ment and Remediation Services 50,500 Transportation and Warehousing 2,120 3.9% 50,000 Finance and Insurance 1,790 3.3% 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Real Estate and Rental and Leasing 1,725 3.2% Source: Bureau of Economic Analysis, Regional Data, Wholesale Trade 1,665 3.0% GDP and Personal Income Agriculture, Forestry, Fishing and Hunting 1,128 2.1% Educational Services 807 1.5% Information 467 0.9% Arts, Entertainment, and Recreation 321 0.6% Government Enterprises 295 0.5% Management of Companies and Enterprises 139 0.3% Utilities 101 0.2% Mining, Quarrying, and Oil and Gas Extraction 6 0.0%

Source: Impact Analysis for Planning (IMPLAN), County Employment by Industry

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Unlike the upward trend of employment, the overall Figure 9 – Population in DeKalb County population in the county has been fluctuating, as 2010 to 2019 shown in Figure 9. DeKalb County population was Population in DeKalb County, Illinois 105,000 104,919 in 2014 and 104,366 in 2019, a loss of 533. The average annual population decrease over this 104,800 time period was 106. 104,600

104,400

104,200

104,000

103,800

103,600

103,400 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

Source: Federal Reserve Bank of St. Louis Economic Data, U.S. Census Bureau, Total Population Estimate

Unlike the population trend, household income has Figure 10 – Median Household Income in DeKalb been trending upward in DeKalb County. Figure County from 2010 to 2019 10 shows the median household income in DeKalb Median Household Income in DeKalb County, Illinois County from 2010 to 2019. Household income was $66,000 at its lowest at $50,502 in 2012 and its highest at $64,000

$64,676 in 2019. $62,000

$60,000

$58,000

$56,000

$54,000

$52,000

$50,000 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

Source: Federal Reserve Bank of St. Louis Economic Data, U.S. Census Bureau, Estimate of Median Household Income

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Real Gross Domestic Product (GDP) is a measure Figure 11 – Real Gross Domestic Product (GDP) in of the value of goods and services produced in an DeKalb County from 2010 to 2019 area and adjusted for inflation over time. The Real Real Gross Domestic Product (GDP) in DeKalb County, IL GDP for DeKalb County has increased with some $3,900,000 fluctuation since 2010, as shown in Figure 11. $3,850,000 $3,800,000

$3,750,000

$3,700,000

$3,650,000

$3,600,000

$3,550,000

$3,500,000

$3,450,000

$3,400,000 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

Source: Bureau of Economic Analysis, Regional Data, GDP and Personal Income

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ii. Agricultural Statistics

Illinois is ranked seventh among U. S. states in total value of agricultural products sold (Census, 2017). It is ranked twenty-fourth in the value of livestock, and second in the value of crops (Census, 2017). In 2020, Illinois had 71,100 farms and 27 million acres in operation with the average farm being 380 acres (State Agricultural Overview, 2020). Illinois had 84 thousand cattle and produced 1.7 billion pounds of milk (State Agricultural Overview, 2020). In 2020, Illinois yields averaged 192 bushels per acre for grain corn with a total market value of $9.2 billion (State Agricultural Overview, 2020). Soybean yields averaged 59 bushels per acre with a total market value of $7 billion (State Agricultural Overview, 2020). The average net cash farm income per farm is $69,418 (Census, 2017).

In 2017, DeKalb County had 779 farms covering 371,777 acres for an average farm size of 477 acres (Census, 2017). The total market value of products sold was $384 million, with 39 percent coming from livestock sales and 61 percent coming from crop sales (Census, 2017). The average net cash farm income of operations was $109,767 (Census, 2017).

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IV. Economic Impact Methodology

The economic analysis of solar PV project presented The first JEDI Model was developed in 2002 to uses NREL’s latest Jobs and Economic Development demonstrate the economic benefits associated Impacts (JEDI) PV Model (PV12.23.16). The JEDI with developing wind farms in the United States. PV Model is an input-output model that measures Since then, JEDI models have been developed for the spending patterns and location-specific biofuels, natural gas, coal, transmission lines and economic structures that reflect expenditures many other forms of energy. These models were supporting varying levels of employment, income, created by Marshall Goldberg of MRG & Associates, and output. That is, the JEDI Model takes into under contract with the National Renewable Energy account that the output of one industry can be Laboratory. The JEDI model utilizes state-specific used as an input for another. For example, when industry multipliers obtained from IMPLAN a PV system is installed, there are both soft costs (IMpact analysis for PLANning). IMPLAN consisting of permitting, installation and customer software and data are managed and updated by acquisition costs, and hardware costs, of which the Minnesota IMPLAN Group, Inc., using data the PV module is the largest component. The collected at federal, state, and local levels. This study purchase of a module not only increases demand for analyzes the gross jobs that the new solar energy manufactured components and raw materials, but project development supports and does not analyze also supports labor to build and install a module. the potential loss of jobs due to declines in other When a module is purchased from a manufacturing forms of electric generation. facility, the manufacturer uses some of that money to pay employees. The employees use a portion of The total economic impact can be broken down into their compensation to purchase goods and services three distinct types: direct impacts, indirect impacts, within their community. Likewise, when a developer and induced impacts. Direct impacts during the pays workers to install the systems, those workers construction period refer to the changes that occur spend money in the local economy that boosts in the onsite construction industries in which the economic activity and employment in other sectors. direct final demand (i.e., spending on construction The goal of economic impact analysis is to quantify labor and services) change is made. Onsite all of those reverberations throughout the local and construction-related services include installation state economy. labor, engineering, design, and other professional services. Direct impacts during operating years refer to the final demand changes that occur in the onsite spending for the solar operations and maintenance workers.

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The initial spending on the construction and operation of the PV installation will create a second layer of impacts, referred to as “supply chain impacts” or “indirect impacts.” Indirect impacts during the construction period consist of changes in inter-industry purchases resulting from the direct final demand changes and include construction spending on materials and PV equipment, as well as other purchases of goods and offsite services. Utility-scale solar PV indirect impacts include PV modules, invertors, tracking systems, cabling, and foundations.

Induced impacts during construction refer to the changes that occur in household spending as household income increases or decreases as a result of the direct and indirect effects of final demand changes. Local spending by employees working directly or indirectly on the Project that receive their paychecks and then spend money in the community is included. The model includes additional local jobs and economic activity that are supported by the purchases of these goods and services.

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V. Economic Impact Results

The economic impact results were derived from detailed project cost estimates supplied by Leeward Renewable Energy. In addition, Leeward Renewable Energy also estimated the percentages of project materials and labor that will be coming from within DeKalb County and the State of Illinois.

Two separate JEDI models were produced to show the economic impact of Owens Creek Solar Project. The first JEDI model used the 2019 DeKalb County multipliers from IMPLAN. The second JEDI model used the 2019 IMPLAN multipliers for the State of Illinois and the same project costs. Because all new multipliers from IMPLAN and specific project cost data from Owens Creek Solar Project are used, the JEDI model serves only to translate the project costs into IMPLAN sectors.

Tables 2-4 show the output from these models. Table 2 lists the total employment impact from Owens Creek Solar Project for DeKalb County and the State of Illinois. Table 3 shows the impact on total earnings and Table 4 contains the impact on total output.

Table 2 – Total Employment Impact from Owens Creek Solar Project DeKalb County Jobs State of Illinois Jobs Construction Project Development and Onsite Labor Impacts (direct) 750 1,296 Module and Supply Chain Impacts (indirect) 669 741 Induced Impacts 120 552 New Local Jobs during Construction 1,539 2,589

Operations (Annual) Onsite Labor Impacts (direct) 8.3 8.3 Local Revenue and Supply Chain Impacts (indirect) 13.0 16.0 Induced Impacts 6.9 19.7 New Local Long-Term Jobs 28.2 44.0

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The results from the JEDI model show significant employment impacts from Owens Creek Solar Project. Employment impacts can be broken down into several different components. Direct jobs created during the construction phase typically last anywhere from 18 to 24 months depending on the size of the project; however, the direct job numbers present in Table 2 from the JEDI model are based on a full time equivalent (FTE) basis for a year. In other words, 1 job = 1 FTE = 2,080 hours worked in a year. A part time or temporary job would constitute only a fraction of a job according to the JEDI model. For example, the JEDI model results show 750 new direct jobs during construction in DeKalb County, though the construction of the solar center could involve closer to 1,500 workers working half-time for a year. Thus, due to the short-term nature of construction projects, the JEDI model often significantly understates the number of people actually hired to work on the project. It is important to keep this fact in mind when looking at the numbers or when reporting the numbers.

As shown in Table 2, new local jobs created or retained during construction total 1,539 for DeKalb County, and 2,589 for the State of Illinois. New local long-term jobs created from Owens Creek Solar Project total 28.2 for DeKalb County and 44 for the State of Illinois.

Direct jobs created during the operational phase last the life of the solar PV project, typically 20-30 years. Direct construction jobs and operations and maintenance jobs both require highly-skilled workers in the fields of construction, management, and engineering. These well-paid professionals boost economic development in rural communities where new employment opportunities are often welcome due to economic downturns. Accordingly, it is important to not just look at the number of jobs but also the earnings that they produce. Table 3 shows the earnings impacts from Owens Creek Solar Project, which are categorized by construction impacts and operations impacts. The new local earnings during construction total over $48.5 million for DeKalb County and over $183 million for the State of Illinois. The new local long-term earnings total over $1.1 million for DeKalb County and over $3 million for the State of Illinois.

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Table 3 – Total Earnings Impact from Owens Creek Solar Project

DeKalb County State of Illinois Construction Project Development and Onsite Earnings Impacts $15,804,863 $102,976,480 Module and Supply Chain Impacts $27,980,910 $46,746,229 Induced Impacts $4,757,063 $33,447,043 New Local Earnings during Construction $48,542,836 $183,169,752

Operations (Annual) Onsite Labor Impacts $381,011 $761,049 Local Revenue and Supply Chain Impacts $486,860 $1,057,638 Induced Impacts $277,079 $1,194,607 New Local Long-Term Earnings $1,144,950 $3,013,294

Output refers to economic activity or the value of production in the state or local economy. It is an equivalent measure to the Gross Domestic Product, which measures output on a national basis. According to Table 4, the new local output during construction totals over $159 million for DeKalb County and over $344 million for the State of Illinois. The new local long-term output totals over $3.8 million for DeKalb County and over $7.8 million for the State of Illinois.

Table 4 – Total Output Impact from Owens Creek Solar Project DeKalb County State of Illinois Construction Project Development and Onsite Jobs Impacts on Output $54,275,094 $124,475,215 Module and Supply Chain Impacts $87,488,382 $122,386,391 Induced Impacts $17,344,183 $97,789,587 New Local Output during Construction $159,107,659 $344,651,193

Operations (Annual) Onsite Labor Impacts $381,011 $761,049 Local Revenue and Supply Chain Impacts $2,473,374 $3,643,956 Induced Impacts $1,002,452 $3,481,745 New Local Long-Term Output $3,856,837 $7,886,750

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VI. Tax Revenue

Solar energy projects increase the property tax base of a county, creating a new revenue source for education and other local government services, such as fire protection, park districts, and road maintenance. Public Act 100- 0781 sets a uniform formula for the fair cash value of a solar farm that would be similar to the uniform formula used for wind farms. This bill was signed into law by Governor Rauner in August 2018. According to this law, the fair cash value for a utility-scale solar farm in Illinois is $218,000 per megawatt of nameplate capacity beginning in 2018 and is annually adjusted for inflation and depreciation. The inflation adjustment, known as the Trending Factor, increases each year according to the Bureau of Labor Statistics’ Consumer Price Index for all cities for all items. Depreciation is allowed at 4% per year up to a maximum total depreciation of 70% of the trended real property cost basis (calculated by taking the fair cash value of the solar project and multiplying by the Trending Factor).

Tables 5-8 detail the tax implications of Owens Creek Solar Project. There are several important assumptions built into the analysis in these tables.

• First, the analysis assumes that the fair cash value of the solar farm is $218,000/MW on January 1, 2018 and adjusted annually for inflation. • Second, the tables assume inflation is constant at 2.2% and the depreciation is 4% until it reaches the maximum of 70%. • Third, all tax rates are assumed to stay constant at their 2021 (2020 tax year) rates. For example, the DeKalb County tax rate is assumed to stay constant at 1.06293% through 2053. • Fourth, the analysis assumes that the Project is placed in service on January 1, 2024 at a fair cash value of $124,640,097 and that the taxable value is 1/3 of the fair cash value. • Fifth, it assumes that the Project is decommissioned in 30 years and pays no more taxes after that date. • Sixth, this analysis assumes that the Project pays the full property tax and that no tax abatement is involved. Tax abatement would need to be approved separately by the taxing entities involved. • Seventh, no comprehensive tax payment was calculated, and these calculations are only to be used to illustrate the economic impact of the Project.

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As shown in Table 5, a conservative estimate of the total property taxes paid by the Project starts out at over $3.8 million per year and declines due to depreciation (and offset by the trending factor) until it reaches the maximum depreciation in 2042. The expected total property taxes paid over the 30-year lifetime of the Project is over $76.5 million, and the average annual property taxes paid will be over $2.5 million.

Table 6 shows an estimate of the likely taxes paid to DeKalb County, Mayfield Township, Mayfield Road and Bridge, South Grove Township, South Grove Road and Bridge, and South Grove-Mayfield Township Unit. The table assumes that 92.4% in Mayfield Township and 7.6% will be located in South Grove Township. The DeKalb County tax rate of 1.06293%, the Mayfield Township tax rate of 0.24104%, the Mayfield Road and Bridge tax rate of 0.71026%, the South Grove Township tax rate of 0.34287%, the South Grove Road and Bridge tax rate of 0.54256%, and the South Grove-Mayfield Township Unit tax rate of 0.02077% was used.

According to Table 6, in 2024, DeKalb County will receive $441,612; Mayfield Township, $92,538; Mayfield Road and Bridge, $272,676; South Grove Township, $10,820; South Grove Road and Bridge, $17,121; and South Grove-Mayfield Township Unit, $8,629.

Table 7 shows an estimate of the likely taxes paid to Kishwaukee Community College 523, Sycamore Fire District, Kirkland Fire District, and the Forest Preserve. As shown in Table 7, the total amounts paid are over $5.3 million for Kishwaukee Community College 523, over $1.9 million for Sycamore Fire District, over $1.6 million for Kirkland Fire District, and over $611 thousand for the Forest Preserve over the life of the Project.

The largest taxing jurisdictions for property taxes are local school districts. However, the tax implications for school districts are more complicated than for other taxing bodies. School districts receive state aid based on the assessed value of the taxable property within its district. As assessed value increases, the state aid to the school district is decreased.

Although the exact amount of the reduction in state aid to the school districts is uncertain, local project tax revenue is superior to relying on state aid for the following reasons: (1) the solar project can’t relocate – it is a permanent structure that will be within the school district’s footprint for the life of the Project; (2) the school district can raise the tax rate and increase its revenues as needed; (3) the school district does not have to deal with the year-to-year uncertainty of state aid amounts; (4) the school district does not have to wait for months (or even into the next Fiscal Year!) for payment; (5) the Project does not increase the overall cost of education in the way that a new residential development would.

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Table 8 shows the direct property tax revenue coming from the Project to Sycamore CUSD 427 and Hiawatha CUSD 426. This tax revenue uses the assumptions outlined earlier to calculate the other tax revenue and assumes that 70% of the panels are in Sycamore CUSD 427, and 30% are in Hiawatha CUSD 426. Over the 30-year life of the Project, school districts are expected to receive over $50.1 million in tax revenue.

Having considered all these benefits, it is still important to determine the net impact of the solar energy project after taking into account the reduction in school funding from the State of Illinois. Determining the reduction in state aid is complicated by the fact that there is a new law for distributing state funds to education.

On August 31, 2017, Governor Rauner signed into law PA 100-0465 that fundamentally changes the way that the state distributes state aid to school districts. The “Evidence Based Funding” (EBF) consists of two parts – a Base Funding Minimum and a Tier Funding. The Base Funding Minimum is based on what the district received in the previous fiscal year. Some call this the “Hold Harmless” provision and ensures that there were no “losing” districts in the transition to the new funding formula. The Tier Funding is additional money and goes in higher portion to the districts that demonstrate a higher need under the new formula. Because of the “Hold Harmless” provision, no school district will see a reduction in their GSA from what they received in the year before the solar farm was installed. However, the higher EAV caused by the solar farm will reduce its eligibility for new money allocated in the state budget.

There are several sources of uncertainty with the new school funding formula concerning this new money. First, the total amount of new funding to be distributed over the ten years from the passage of the law is unknown at this point. It will be determined year-by-year in the state budget passed by the legislature and signed by the governor. For FY21, no new money was allocated for the school funding formula in the state budget. Second, data for the formula funding changes each year based on the school’s student population and its “need” and it is difficult to forecast its school’s student population over time. Third, each school district is competing with all other school districts for this new funding and so the EAV and student population for all other school districts in the state will impact what a single school district receives. Fourth, the school district’s EAV could also change due to other property changes in the district.

For FY20, Sycamore CUSD 427 had 71% adequacy and was assigned Tier 2 status and received $257,004 in “new money.” Hiawatha CUSD 426 had 76% adequacy and was assigned Tier 2 and received $23,413 in “new money.” For FY21, neither of these districts is receiving any “new money” because none was allocated in the state budget. If new money is allocated in the future, it is unlikely that these districts will lose all of the “new money” and their EBF funding cannot go down from the previous year.

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Table 5 – Total Property Taxes Paid by Owens Creek Solar Project

Tax Year Taxable Value of Solar Farm Total Property Taxes 2024 $41,546,699 $3,847,744 2025 $40,762,297 $3,775,099 2026 $39,923,273 $3,697,394 2027 $39,027,603 $3,614,444 2028 $38,073,201 $3,526,055 2029 $37,057,916 $3,432,026 2030 $35,979,530 $3,332,154 2031 $34,835,760 $3,226,227 2032 $33,624,250 $3,114,026 2033 $32,342,573 $2,995,327 2034 $30,988,227 $2,869,897 2035 $29,558,637 $2,737,499 2036 $28,051,147 $2,597,887 2037 $26,463,020 $2,450,807 2038 $24,791,439 $2,295,997 2039 $23,033,501 $2,133,190 2040 $21,186,214 $1,962,108 2041 $19,246,499 $1,782,466 2042 $18,440,551 $1,707,826 2043 $18,846,244 $1,745,398 2044 $19,260,861 $1,783,797 2045 $19,684,600 $1,823,040 2046 $20,117,661 $1,863,147 2047 $20,560,250 $1,904,136 2048 $21,012,575 $1,946,027 2049 $21,474,852 $1,988,840 2050 $21,947,298 $2,032,594 2051 $22,430,139 $2,077,311 2052 $22,923,602 $2,123,012 2053 $23,427,921 $2,169,719 TOTAL $76,555,196 AVG ANNUAL $2,551,840

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Table 6 – Property Tax Revenue from Owens Creek Solar Project for the County and Other Taxing Bodies

Tax Year DeKalb Mayfield Mayfield Road South Grove South Grove Road and South Grove- Mayfield County Township and Bridge Township Bridge Township Unit 2024 $441,612 $92,538 $272,676 $10,820 $17,121 $8,629 2025 $433,275 $90,791 $267,528 $10,616 $16,798 $8,466 2026 $424,356 $88,922 $262,021 $10,397 $16,452 $8,292 2027 $414,836 $86,927 $256,143 $10,164 $16,083 $8,106 2028 $404,691 $84,801 $249,879 $9,915 $15,690 $7,908 2029 $393,900 $82,540 $243,216 $9,651 $15,272 $7,697 2030 $382,437 $80,138 $236,138 $9,370 $14,827 $7,473 2031 $370,280 $77,590 $228,631 $9,072 $14,356 $7,235 2032 $357,402 $74,892 $220,680 $8,757 $13,857 $6,984 2033 $343,779 $72,037 $212,268 $8,423 $13,328 $6,718 2034 $329,383 $69,021 $203,380 $8,070 $12,770 $6,436 2035 $314,188 $65,837 $193,997 $7,698 $12,181 $6,139 2036 $298,164 $62,479 $184,103 $7,305 $11,560 $5,826 2037 $281,283 $58,942 $173,680 $6,892 $10,905 $5,496 2038 $263,516 $55,218 $162,709 $6,456 $10,217 $5,149 2039 $244,830 $51,303 $151,172 $5,999 $9,492 $4,784 2040 $225,195 $47,188 $139,048 $5,517 $8,731 $4,400 2041 $204,577 $42,868 $126,317 $5,012 $7,931 $3,997 2042 $196,010 $41,073 $121,028 $4,802 $7,599 $3,830 2043 $200,322 $41,977 $123,690 $4,908 $7,767 $3,914 2044 $204,729 $42,900 $126,411 $5,016 $7,937 $4,000 2045 $209,234 $43,844 $129,192 $5,126 $8,112 $4,088 2046 $213,837 $44,808 $132,035 $5,239 $8,290 $4,178 2047 $218,541 $45,794 $134,939 $5,354 $8,473 $4,270 2048 $223,349 $46,802 $137,908 $5,472 $8,659 $4,364 2049 $228,263 $47,831 $140,942 $5,593 $8,850 $4,460 2050 $233,284 $48,884 $144,043 $5,716 $9,044 $4,558 2051 $238,417 $49,959 $147,212 $5,841 $9,243 $4,659 2052 $243,662 $51,058 $150,450 $5,970 $9,447 $4,761 2053 $249,022 $52,181 $153,760 $6,101 $9,655 $4,866 TOTAL $8,786,374 $1,841,143 $5,425,199 $215,273 $340,649 $171,689 AVG ANNUAL $292,879 $61,371 $180,840 $7,176 $11,355 $5,723

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Table 7 – Tax Revenue from Owens Creek Solar Project for Other Taxing Bodies

Tax Year Kishwaukee Community College 523 Sycamore Fire District Kirkland Fire District Forest Preserve 2024 $271,209 $95,557 $84,179 $30,728 2025 $266,088 $93,753 $82,590 $30,148 2026 $260,611 $91,823 $80,890 $29,527 2027 $254,764 $89,763 $79,075 $28,865 2028 $248,534 $87,568 $77,141 $28,159 2029 $241,907 $85,233 $75,084 $27,408 2030 $234,867 $82,752 $72,899 $26,610 2031 $227,401 $80,122 $70,582 $25,765 2032 $219,492 $77,335 $68,127 $24,868 2033 $211,126 $74,387 $65,530 $23,921 2034 $202,285 $71,272 $62,786 $22,919 2035 $192,953 $67,984 $59,890 $21,862 2036 $183,112 $64,517 $56,835 $20,747 2037 $172,745 $60,865 $53,617 $19,572 2038 $161,834 $57,020 $50,231 $18,336 2039 $150,358 $52,977 $46,669 $17,036 2040 $138,299 $48,728 $42,926 $15,669 2041 $125,637 $44,267 $38,996 $14,235 2042 $120,376 $42,413 $37,363 $13,639 2043 $123,025 $43,346 $38,185 $13,939 2044 $125,731 $44,300 $39,025 $14,245 2045 $128,497 $45,274 $39,884 $14,559 2046 $131,324 $46,270 $40,761 $14,879 2047 $134,213 $47,288 $41,658 $15,206 2048 $137,166 $48,329 $42,574 $15,541 2049 $140,184 $49,392 $43,511 $15,883 2050 $143,268 $50,478 $44,468 $16,232 2051 $146,419 $51,589 $45,446 $16,589 2052 $149,641 $52,724 $46,446 $16,954 2053 $152,933 $53,884 $47,468 $17,327 TOTAL $5,395,999 $1,901,211 $1,674,835 $611,367 AVG ANNUAL $179,867 $63,374 $55,828 $20,379

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Table 8 – Tax Revenue from Owens Creek Solar Project for School Districts

Tax Year Sycamore CUSD 427 Hiawatha CUSD 426 2024 $1,744,407 $778,268 2025 $1,711,473 $763,574 2026 $1,676,245 $747,857 2027 $1,638,639 $731,079 2028 $1,598,567 $713,201 2029 $1,555,938 $694,182 2030 $1,510,661 $673,981 2031 $1,462,637 $652,556 2032 $1,411,770 $629,861 2033 $1,357,957 $605,853 2034 $1,301,092 $580,482 2035 $1,241,069 $553,703 2036 $1,177,774 $525,464 2037 $1,111,094 $495,715 2038 $1,040,910 $464,402 2039 $967,100 $431,472 2040 $889,539 $396,868 2041 $808,096 $360,532 2042 $774,257 $345,435 2043 $791,291 $353,035 2044 $808,699 $360,801 2045 $826,491 $368,739 2046 $844,674 $376,851 2047 $863,256 $385,142 2048 $882,248 $393,615 2049 $901,657 $402,275 2050 $921,494 $411,125 2051 $941,767 $420,169 2052 $962,486 $429,413 2053 $983,660 $438,860 TOTAL $34,706,949 $15,484,508 AVG ANNUAL $1,156,898 $516,150

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VII. References

Berkman, M., M. Tran, and W. Ahlgren. 2011. Census of Agriculture – Illinois State and County “Economic and Fiscal Impacts of the Desert Data. (2012). United States Department of Sunlight Solar Farm.” Prepared for First Solar, Agriculture. Accessed on 11/10/20 at https://www. Tempe, AZ (US). nass.usda.gov/AgCensus/index.php.

Bezdek (2007) Economic and Jobs Impacts of the Census of Agriculture – Illinois State and County Renewable Energy and Energy Efficiency Industries: Data. (2017). United States Department of U.S. and Ohio, pented at SOLAR 2007, Cleveland, Agriculture. Accessed on 11/10/20 at https://www. Ohio, accessed on 11/25/2013 at http://www. nass.usda.gov/AgCensus/index.php. greenenergyohio.org/ page.cfm?pageID=1386. Center for Competitive Florida. (2009). The Bhavin, Shah. (2008). Solar Cell Supply Chain. Asia Positive Economic Impact of Solar Energy on the Pacific Equity Research, accessed on 11/1/2013 at Sunshine State, Briefings, accessed 11/25/2013 http://www.slideshare.net/JackChalice/solar-cell- at http://www.floridataxwatch.org/resources/ supplychain. pdf/04162009SolarEnergy.pdf.

Census of Agriculture – Illinois State and County Chopra, Sunil and Peter Meindl. (2004). What is a Data. (1992). United States Department of Supply Chain?, Supply Chain Management. Agriculture. Accessed on 11/10/20 at https://www. Dixit, Avinash and Robert S. Pindyck. (1994). nass.usda.gov/AgCensus/index.php. Investment Under Uncertainty. Princeton University Press: Princeton, NJ. Census of Agriculture – Illinois State and County Data. (1997). United States Department of Gazheli, Ardjan and Luca Di Carato. (2013). Land- Agriculture. Accessed on 11/10/20 at https://www. use change and solar energy production: a real nass.usda.gov/AgCensus/index.php. option approach. Agricultural Finance Review. 73 (3): 507-525. Census of Agriculture – Illinois State and County Data. (2002). United States Department of Jenniches, Simon. 2018. Assessing the Regional Agriculture. Accessed on 11/10/20 at https://www. Economic Impacts of Renewable Energy Sources, nass.usda.gov/AgCensus/index.php. Renewable and Sustainable Energy Reviews, Elsevier, 93, 35-51. Census of Agriculture – Illinois State and County Data. (2007). United States Department of Jin, J.H., Cross, J., Rose, Z., Daebel, E., Verderber, Agriculture. Accessed on 11/10/20 at https://www. A., and Loomis, D. G. (2016). Financing options nass.usda.gov/AgCensus/index.php. and economic impact: distributed generation using solar photovoltaic systems in Normal, Illinois, AIMS Energy, 4(3): 504-516.

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Jo J. H., Loomis, D.G., and Aldeman, M. R. Solar Foundation. (2013). An Assessment of the (2013). Optimum penetration of utility-scale grid- Economic, Revenue, and Societal Impacts of connected solar photovoltaic systems in Illinois, Colorado’s Solar Industry. October 2013, accessed Renewable Energy, 60, 20-26. on 11/25/2013 at http://solarcommunities.org/ wp-content/uploads/2013/10/ TSF_COSEIA-Econ- Loomis, D.G., Jo, J.H., and Aldeman, M.R., (2016). Impact-Report_FINAL-VERSION.pdf. Economic Impact Potential of Solar Photovoltiacs in Illinois, Renewable Energy, 87, 253-258. Stone & Associates (2011). Overview of the Solar Energy Industry and Supply Chain, Prepared for the Michaud, G., Khalaf, C., Zimmer, M. & Jenkins, D. Blue Green Alliance, accessed on 12/13/13 at http:// (2020). Measuring the economic impacts of utility- www.thecemc.org/body/Solar-Overview-for-BGA- scale solar in Ohio. Developed for the Utility Scale Final-Jan-2011.pdf. Solar Energy Coalition of Ohio (USSEC). Toothman, Jessica, and Aldous, Scott. (2013). How National Renewable Energy Laboratories. (2012). Solar Cells Work, How Stuff Works, accessed on Utility-Scale Concentrating Solar Power and 10/28/2013 at http://science.howstuffworks.com/ Photovoltaics Projects: A Technology and Market environmental/energy/solar-cell.htm. Overview. National Renewable Energy Laboratory. Overview of the Solar Energy Industry and Supply Chain, accessed on 10/30/2013 at http://www. thecemc.org.

Platt, R.H. (1985). The Farmland Conversion Debate: NALS and Beyond. The Professional Geographer, 37 (4), 433-442.

SEIA. (2016a). Solar Market Insight Report 2016 Q4. Solar Energy Industries Association.

SEIA. (2016b). Solar Spotlight: Virginia. Solar Energy Industries Association.

SEIA. (2019). U.S. Solar Market Insight: Executive Summary, 2018 year in review. March 2019. Solar Energy Industries Association, accessed on 3/20/2019 at http://www2.seia.org/l/139231/2019- 03-06/2gb5dw.

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VIII. Curriculum Vita - David G. Loomis

David G. Loomis 1997-present Institute for Regulatory Policy Studies, Illinois State University Normal, IL Department of Economics Executive Director (2005-present) Campus Box 4200 Co-Director (1997-2005) Normal, IL 61790-4200 • Grew contributing membership from 5 (815) 905-2750 companies to 16 organizations. [email protected] • Doubled the number of workshop/training events annually. Education • Supervised 2 Directors, Administrative Staff and internship program. Doctor of Philosophy, Economics, Temple • Developed and implemented state-level University, Philadelphia, Pennsylvania, May 1995. workshops concerning regulatory issues related to the electric, natural gas, and Bachelor of Arts, Mathematics and Honors telecommunications industries. Economics, Temple University, Magna Cum Laude, May 1985. 2006-2018 Illinois Wind Working Group, Normal, IL Experience Director • Founded the organization and grew the 1996-present Illinois State University, Normal, IL organizing committee to over 200 key wind Full Professor – Department of Economics stakeholders (2010-present) • Organized annual wind energy conference with Associate Professor - Department of Economics over 400 attendees (2002-2009) • Organized strategic conferences to address Assistant Professor - Department of Economics critical wind energy issues (1996-2002) • Initiated monthly conference calls to • Taught Regulatory Economics, stakeholders Telecommunications Economics and Public • Devised organizational structure and bylaws Policy, Industrial Organization and Pricing, Individual and Social Choice, Economics of Energy and Public Policy and a Graduate Seminar Course in Electricity, Natural Gas and Telecommunications Issues. • Supervised as many as 5 graduate students in research projects each semester. • Served on numerous departmental committees.

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2007-2018 Center for Renewable Energy, Normal, IL 1997-2002 International Communications Director Forecasting Conference • Created founding document approved by the Chair Illinois State University Board of Trustees and • Expanded Planning Committee with Illinois Board of Higher Education. representatives from over 18 different • Secured over $150,000 in funding from private international companies and delivered high companies. quality conference attracting over 500 people • Hired and supervised 4 professional staff over 4 years. members and supervised 3 faculty members as Associate Directors. 1985-1996 Bell Atlantic, Philadelphia, Pa. • Reviewed renewable energy manufacturing Economist - Business Research grant applications for Illinois Department of • Wrote and taught Applied Business Forecasting Commerce and Economic Opportunity for a $30 multimedia course. million program. • Developed and documented 25 econometric • Created technical “Due Diligence” documents demand models that were used in regulatory filings. for the Illinois Finance Authority loan program • Provided statistical and analytic support to for wind farm projects in Illinois. regulatory costing studies. • Served as subject matter expert in switched and 2011-present Strategic Economic Research, LLC special access. President • Administered $4 million budget including $1.8 • Performed economic impact analyses on policy million consulting budget. initiatives and energy projects such as wind energy, solar energy, natural gas plants and transmission lines at the county and state level. • Provided expert testimony before state legislative bodies, state public utility commissions, and county boards. • Wrote telecommunications policy impact report comparing Illinois to other Midwestern states.

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Professional Awards and Memberships Professional Publications

2016 Outstanding Cross-Disciplinary Team Research 38. Ohler, A. Loomis, D.G., Marquis, Y. (2022). The Award with Jin Jo and Matt Aldeman – recognizes Household Appliance Stock, Income, and Electricity exemplary collaborative research conducted by Demand Elasticity, Energy Journal, 43(1). multiple investigators from different disciplines. 37. Ohler, A., Loomis, D.G., Ilves, K. (2020). A study 2011 Midwestern Regional Wind Advocacy Award of electricity savings from energy star appliances us- from the U. S. Department of Energy’s Wind ing household survey data, Energy Policy, 144: 1-13. Powering America presented at WindPower 2011 36. Ohler, A., Mohammadi, H. and Loomis, D.G. 2009 Economics Department Scott M. Elliott (2020). Electricity restructuring and the relationship Faculty Excellence Award – awarded to faculty who between fuel costs and electricity prices for industrial demonstrate excellence in teaching, research and and residential customers, Energy Policy, 142: 1-8. service. 35. Aldeman, M. R., Jo, J. H., & Loomis, D. G. (2019). 2009 Illinois State University Million Dollar Club – Wind energy production uncertainty associated with awarded to faculty who have over $1 million in grants wind assessments of various intervals. Wind Engi- through the university. neering, 0309524X19849865.

2008 Outstanding State Wind Working Group Award 34. Aldeman, M.R., Jo, J.H., and Loomis, D.G. (2018). from the U. S. Department of Energy’s Wind Power Quantification of Uncertainty Associated with Wind America presented at WindPower 2008. Assessments of Various Intervals, Transactions of the Canadian Society for Mechanical Engineering, 1999 Illinois State University Teaching Initiative forthcoming. Award 33. Jin, J.H., Cross, J., Rose, Z., Daebel, E., Verderber, Member of the American Economic Association, A., and Loomis, D. G. (2016). Financing options and National Association of Business Economists, economic impact: distributed generation using solar International Association for Energy Economics, photovoltaic systems in Normal, Illinois, AIMS Ener- Institute for Business Forecasters; Institute gy, 4(3): 504-516. for International Forecasters, International Telecommunications Society. 32. Loomis, D.G., Hayden, J., Noll, S. and Payne, J.E. (2016). Economic Impact of Wind Energy Development in Illinois, The Journal of Business Valuation and Economic Loss Analysis, 11(1), 3-23.

31. Loomis, D.G., Jo, J.H., and Aldeman, M.R., (2016). Economic Impact Potential of Solar Photovoltiacs in Illinois, Renewable Energy, 87, 253- 258.

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Professional Publications (continued) 23. Theron, S., Winter, J.R, Loomis, D. G., & Spaulding, A. D. (2011). Attitudes Concerning 30. Aldeman, M.R., Jo, J.H., and Loomis, D.G. Wind Energy in Central Illinois. Journal of the (2015). The Technical Potential for Wind Energy in America Society of Farm Managers and Rural Illinois, Energy, 90(1), 1082-1090. Appraisers, 74, 120-128.

29. Tegen, S., Keyser, D., Flores-Espino, F., Miles, J., 22. Payne, J. E., Loomis, D. G. & Wilson, R. (2011). Zammit, D. and Loomis, D. (2015). Offshore Wind Residential Natural Gas Demand in Illinois: Jobs and Economic Development Impacts in the Evidence from the ARDL Bounds Testing Approach. United States: Four Regional Scenarios, National Journal of Regional Analysis and Policy, 41(2), 138. Renewable Energy Laboratory Technical Report, NREL/TP-5000-61315, February. 21. Loomis, D. G. & Ohler, A. O. (2010). Are Renewable Portfolio Standards A Policy Cure-all? A 28. Loomis, D. G. and Bowden, N. S. (2013). Case Study of Illinois’s Experience. Environmental Nationwide Database of Electric Rates to Become Law and Policy Review, 35, 135-182. Available, Natural Gas & Electricity, 30 (5), 20-25.

27. Jin, J. H., Loomis, D. G., and Aldeman, M. R. 20. Gil-Alana, L. A., Loomis, D. G., & Payne, J. (2013). Optimum penetration of utility-scale grid- E. (2010). Does energy consumption by the U.S. connected solar photovoltaic systems in Illinois, electric power sector exhibit long memory behavior Renewable Energy, 60, 20-26. ? Energy Policy, 38, 7512-7518.

26. Malm, E., Loomis, D. G., DeFranco, J. (2012). 19. Carlson, J. L., Payne, J. E., & Loomis, D. G. A Campus Technology Choice Model with (2010). An assessment of the Economic Impact Incorporated Network Effects: Choosing Between of the Wind Turbine Supply Chain in Illinois. General Use and Campus Systems, International Electricity Journal, 13, 75-93. Journal of Computer Trends and Technology, 3(4), 622-629. 18. Apergis, N., Payne, J. E., & Loomis, D. G. (2010). Are shocks to natural gas consumption transitory or 25. Chupp, B. A., Hickey, E.A. & Loomis, D. permanent? Energy Policy, 38, 4734-4736. G. (2012). Optimal Wind Portfolios in Illinois, Electricity Journal, 25, 46-56. 17. Apergis, N., Payne, J. E., & Loomis, D. G. (2010). Are fluctuations in coal consumption transitory or 24. Hickey, E., Loomis, D. G., & Mohammadi, H. permanent? Evidence from a panel of U.S. states. (2012). Forecasting hourly electricity prices using Applied Energy, 87, 2424-2426. ARMAX-GARCH models: An application to MISO hubs, Energy Economics, 34, 307-315. 16. Hickey, E. A., Carlson, J. L., & Loomis, D. G. (2010). Issues in the determination of the optimal portfolio of electricity supply options. Energy Policy, 38, 2198-2207.

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Professional Publications (continued) 6. Wiedman, J. & Loomis, D. G. (2002). U.S. broadband pricing and alternatives for internet 15. Carlson, J. L., & Loomis, D. G. (2008). An service providers. In D. G. Loomis & L. D. Taylor assessment of the impact of deregulation on the (Eds.) Boston: Kluwer Academic Publishers. relative price of electricity in Illinois. Electricity Journal, 21, 60-70. 5. Cox, J. E., Jr. & Loomis, D. G. (2001). Diffusion of forecasting principles: an assessment of books 14. Loomis, D. G., (2008). The telecommunications relevant to forecasting. In J. S. Armstrong (Ed.), industry. In H. Bidgoli (Ed.), The handbook of Principles of Forecasting: A Handbook for computer networks (pp. 3-19). Hoboken, NJ: John Researchers and Practitioners (pp. 633-650). Norwell, Wiley & Sons. MA: Kluwer Academic Publishers.

13. Cox, J. E., Jr., & Loomis, D. G. (2007). A managerial approach to using error measures in the 4. Cox, J. E., Jr. & Loomis, D. G. (2000). A course in evaluation of forecasting methods. International economic forecasting: rationale and content. Journal Journal of Business Research, 7, 143-149. of Economics Education, 31, 349-357.

12. Cox, J. E., Jr., & Loomis, D. G. (2006). Improving 3. Malm, E. & Loomis, D. G. (1999). Active market forecasting through textbooks – a 25 year review. share: measuring competitiveness in retail energy International Journal of Forecasting, 22, 617-624. markets. Utilities Policy, 8, 213-221.

11. Swann, C. M., & Loomis, D. G. (2005). 2. Loomis, D. G. (1999). Forecasting of new Competition in local telecommunications – there’s products and the impact of competition. In D. more than you think. Business Economics, 40, 18-28. G. Loomis & L. D. Taylor (Eds.), The future of the telecommunications industry: forecasting 10. Swann, C. M., & Loomis, D. G. (2005). Intermodal and demand analysis. Boston: Kluwer Academic competition in local telecommunications markets. Publishers. Information Economics and Policy, 17, 97-113. 1. Loomis, D. G. (1997). Strategic substitutes and 9. Swann, C. M., & Loomis, D. G. (2004) strategic complements with interdependent demands. Telecommunications demand forecasting with The Review of Industrial Organization, 12, 781-791. intermodal competition – a multi-equation modeling approach. Telektronikk, 100, 180-184.

8. Cox, J. E., Jr., & Loomis, D. G. (2003). Principles for teaching economic forecasting. International Review of Economics Education, 1, 69-79.

7. Taylor, L. D. & Loomis, D. G. (2002). Forecasting the internet: understanding the explosive growth of data communications. Boston: Kluwer Academic Publishers.

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Expert Testimony 40. Public Service Commission of Wisconsin, Docket No. 9804-CE-100, Application for Grant 46. Public Service Commission of Wisconsin, County Solar, LLC to Construct a New Solar Electric Docket No. 9806-CE-100, Application for Darien Generation Facility located near Potosi and Harrison Solar Energy Center, LLC to Construct a New Solar Townships, in Grant County, Wisconsin (NextEra): Electric Generation Facility located in Walworth Written Direct Testimony filed November 3, County, Wisconsin (Invenergy): Written Direct 2020; Rebuttal Testimony filed January 5, 2021; Testimony filed February 5, 2021; April 22, 2021 February 10, 2021 Hearing. Hearing. 39. Warren County (Missouri) Zoning Board, 45. Kentucky State Board on Electric Generation on behalf of Invenergy, Direct Oral Testimony, and Transmission Siting, Case No. 2020-00219, November 19, 30, December 17, 2020. AEUG Madison Solar (Acciona), April 15, 2021 Hearing. 38. Grundy County (Illinois) Zoning Board of Appeals, on behalf of RES America, Direct Oral 44. McLean County (Illinois) Zoning Board of Testimony, November 17, 2020. Appeals, on behalf of Invenergy, Direct Oral Testimony, April 6-7, 2021. 37. McLean County (Illinois) Zoning Board of Appeals, on behalf of Invenergy, Direct Oral 43. Kentucky State Board on Electric Generation Testimony, August 4, 2020. and Transmission Siting, Case No. 2020-00206, AEUG Fleming Solar (Acciona), April 1, 2021 36. Public Service Commission of Wisconsin, Hearing. Docket No. 9801-CE-100, Application of Paris Solar Farm, LLC for a Certificate of Public Convenience 42. Iowa Utilities Board, Docket No. E-22432, on and Necessity, on behalf of Paris Solar Farm, LLC behalf of Heartland Divide Wind II, LLC (NextEra), (Invenergy): Written Direct Testimony filed July 2, Written Direct Testimony filed February 2, 2021, 2020. March 18, 2021 Hearing. 35. Christian County (Illinois) Zoning Board 41. Macon Township Zoning Board, on behalf of of Appeals, on behalf of Invenergy, Direct Oral Invenergy, Direct Oral Testimony, January 6, 2021, Testimony, June 23, 24, 30, & July 6, 7, 21, 2020. January 20, 2021, February 24, 2021, March 17, 2021. 34. Piatt County (Illinois) Zoning Board of Appeals, on behalf of Apex Energy, Direct Oral Testimony, January 23, 2020.

33. Marshall County (Illinois) Zoning Board of Appeals, on behalf of Akuo Energy, Direct Oral Testimony, October 17, 2019.

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Expert Testimony (continued) 25. Ohio Power Siting Board, Case No. 19-1880-EL- BGN, In the Matter of the Application of Atlanta 32. Public Service Commission of Wisconsin, Docket Farms Solar Project, LLC for a Certificate of No. 9800-CE-100, Application of Badger State Environmental Compatibility and Public Need to Solar, LLC for a Certificate of Public Convenience Construct a Solar-Powered Electric Generation and Necessity, on behalf of Badger State Solar, LLC Facility in Pickaway County, Ohio, on behalf of (Ranger Power): Written Direct Testimony filed Atlanta Farms Solar Project, LLC, Exhibit with September 10, 2019. Report filed October 18, 2019.

31. Adams Township (Michigan) Planning 24. Ford County (Illinois) Zoning Board of Appeals, Commission Hearing, on behalf of Invenergy, Direct on behalf of Pattern Energy and Apex Clean Energy, Oral Testimony, August 27, 2019. Direct Oral Testimony, October 3, 2018.

30. Christian County (Illinois) Zoning Board 23. DeKalb County (Illinois) County Board Hearing, of Appeals, on behalf of Invenergy, Direct Oral on behalf of EDF Renewable Development, Inc., Testimony, July 23, 2019. Direct Oral Testimony, September 24, 2018.

29. Wheatland Township (Michigan) Planning 22. Ford County (Illinois) Planning Commission, Commission Hearing, on behalf of Invenergy, Direct on behalf of Pattern Energy, Direct Oral Testimony, Oral Testimony, July 18, 2019. September 5, 2018.

28. Christian County (Illinois) Board Meeting, on 21. Ohio Power Siting Board, Case No. 18-1360-EL- behalf of Invenergy and Tradewind Energy, Direct BGN, In the matter of Hardin Solar Energy II LLC Oral Testimony, May 29, 2019. for a Certificate of Environmental Compatibility and Public Need to Construct a Solar-Powered Electric 27. DeWitt County (Illinois) Zoning Board of Generation Facility in Hardin County, Ohio, on Appeals, on behalf of Tradewind Energy, Direct Oral behalf of Hardin Solar Energy II LLC, Exhibit with Testimony, February 8, 2019. Report filed August 3, 2018.

26. Public Service Commission of Wisconsin, Docket 20. Ohio Power Siting Board, Case No. 17-774-EL- No. 9697-CE-100, Application of Badger Hollow BGN, In the Matter of the Application of Vinton Solar Farm for a Certificate of Public Convenience Solar Energy LLC for a Certificate of Environmental and Necessity, on behalf of Badger Hollow Solar Farm Compatibility and Public Need to Construct a Solar- LLC (Invenergy): Written Direct Testimony filed Powered Electric Generation Facility in Vinton November 20, 2018; Written Rebuttal Testimony filed County, Ohio. On behalf of Vinton Solar Energy LLC, January 8, 2019; Surrebuttal Testimony filed January Exhibit with Report filed July 27, 2018. 14, 2019; Oral Cross-Examination, January 16, 2019. 19. DeKalb County (Illinois) Zoning Board of Appeals, on behalf of EDF Renewable Development, Inc., Direct Oral Testimony, June 27, 2018.

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Expert Testimony (continued) 12. Kankakee County (Illinois) Planning, Zoning, and Agriculture Committee, Application for 18. Ford County (Illinois) Zoning Board, on behalf Special Use Permit for a Wind Energy Conversion of Apex Clean Energy, Inc., Direct Oral Testimony, System, on behalf of EDF Renewables, Direct Oral June 11, 2018. Testimony, July 22, 2015.

17. McLean County (Illinois) Zoning Board of Appeals, Application for Special Use Permit for 11. Kankakee County (Illinois) Zoning Board of a Wind Energy Conversion System, on behalf of Appeals, Application for Special Use Permit for a Invenergy, LLC, Direct Oral Testimony, January 4, Wind Energy Conversion System, on behalf of EDF 2018. Renewables, Direct Oral Testimony, July 13, 2015.

16. New Mexico Public Regulation Commission, 10. Livingston County (Illinois) Zoning Board of Case No. 17-00275-UT, Application of Sagamore Appeals, Application for Special Use Permit for Wind Energy LLC, on behalf of Invenergy, LLC: a Wind Energy Conversion System, on behalf of Direct Written Testimony filed November 6, 2017; Invenergy, Direct Oral Testimony, November 17-19, Oral Cross-examination Testimony appeared before 2014. the Commission on March 13, 2018. 9. Missouri Public Service Commission, Case No. 15. Ohio Power Siting Board, Case No. 17-773-EL- EA-2014-0207, Written Surrebuttal Testimony on BGN, In the Matter of Hardin Solar Energy LLC for behalf of Grain Belt Express Clean Line LLC, filed a Certificate of Environmental Compatibility and October 14, 2014. Public Need to Construct a Solar-Powered Electric Generation Facility in Hardin County, Ohio, on 8. Missouri Public Service Commission, Case No. behalf of Invenergy, LLC, Exhibit with Report filed EA-2014-0207, Written Direct Testimony on behalf July 5, 2017. of Grain Belt Express Clean Line LLC, filed March 26, 2014. 14. Macon County (Illinois) Environmental, Education, Health and Welfare Committee, 7. Illinois Commerce Commission, Case No. 12- Application for Special Use Permit for a Wind 0560, Oral Cross-examination Testimony on behalf Energy Conversion System, on behalf of E.ON of Rock Island Clean Line LLC appeared before the Energy, Direct Oral Testimony, August 20, 2015. Commission on December 11, 2013.

13. Macon County (Illinois) Zoning Board of 6. Illinois Commerce Commission, Case No. 12- Appeals, Application for Special Use Permit for a 0560, Written Rebuttal Testimony on behalf of Rock Wind Energy Conversion System, on behalf of E.ON Island Clean Line LLC filed August 20, 2013. Energy, Direct Oral Testimony, August 11, 2015. 5. Boone County (Illinois) Board, Examination of Wind Energy Conversion System Ordinance, Direct Testimony and Cross-Examination, April 23, 2013.

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Expert Testimony (continued) “Cloud Computing: Regulatory Principles and ICC NOI,” presented September 11,2017 at the National 4. Illinois Commerce Commission, Case No. 12-0560, Association of Regulatory Utility Commissioners Written Direct Testimony on behalf of Rock Island Staff Subcommittee on Accounting and Finance Clean Line LLC filed October 10, 2012. Meeting, Springfield, IL.

3. Whiteside County (Illinois) Board and Whiteside “Illinois Wind, Illinois Solar and the Illinois Future County Planning and Zoning Committee, Energy Jobs Act,” presented July 25, 2017 at the Examination of Wind Energy Conversion Illinois County Assessors Meeting, Normal, IL. System Ordinance, Direct Testimony and Cross- Examination, on behalf of the Center for Renewable “Illinois Wind, Illinois Solar and the Illinois Future Energy, April 12, 2012. Energy Jobs Act,” presented April 21, 2017 at the Illinois Association of County Zoning Officers 2. State of Illinois Senate Energy and Environment Meeting, Bloomington, IL.

Committee, Direct Testimony and Cross- “Energy Storage Economics and RTOs,” presented Examination, on behalf of the Center for Renewable October 30, 2016 at the Energy Storage Conference at Energy, October 28, 2010. Argonne National Laboratory.

1. Livingston County (Illinois) Zoning Board of “Wind Energy in Illinois,” on October 6, 2016 at the Appeals, Application for Special Use Permit for a B/N Daybreak Rotary Club, Bloomington, IL. Wind Energy Conversion System, on behalf of the Center for Renewable Energy, Direct Testimony and “Smart Grid for Schools,” presented August 17, 2016 Cross-Examination, July 28, 2010. to the Ameren External Affairs Meeting, Decatur, IL.

Selected Presentations “Solar Energy in Illinois,” presented July 28, 2016 at the 3rd Annual K-12 Teachers Clean Energy “Is Solar Energy a Good Use of Farmland?” presented Workshop, Richland Community College, Decatur, IL on June 10, 2020 at CleanPower 2020 (webinar) with Jin Jo and Matt Aldeman. “Wind Energy in Illinois,” presented July 28, 2016 at the 3rd Annual K-12 Teachers Clean Energy “Renewable Energy in McLean County,” presented Workshop, Richland Community College, Decatur, IL December 13, 2018 at Bloomington-Normal Economic Development Council’s BN By the Numbers, Normal, IL. “Smart Grid for Schools,” presented June 21, 2016 at the ISEIF Grantee and Ameren Meeting, Decatur, IL. “Smart Cities and Micro Grids: Cost Recovery Issues,” presented September 12,2017 at the National “Costs and Benefits of Renewable Energy,” presented Association of Regulatory Utility Commissioners November 4, 2015 at the Osher Lifelong Learning Staff Subcommittee on Accounting and Finance Institute at Bradley, University, Peoria, IL. Meeting, Springfield, IL.

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Selected Presentations (continued) “Potential Economic Impact of Offshore Wind Energy in the Great Lakes,” presented November “Energy Sector Workforce Issues,” presented 12, 2012 at the Offshore Wind Jobs and Economic September 17, 2015 at the Illinois Workforce Development Impacts Webinar. Investment Board, Springfield, IL. “Energy Learning Exchange,” presented October 31, “The Past, Present and Future of Wind Energy in 2012 at the Utility Workforce Development Meeting, Illinois,” presented March 13, 2015 at the Peoria Chicago, IL. Rotary Club, Peoria, IL. “Wind Energy in McLean County,” presented June “Where Are All the Green Jobs?” presented January 26, 2012 at BN By the Numbers, Normal, IL. 28, 2015 at the 2015 Illinois Green Economy Network Sustainability Conference, Normal, IL. “Wind Energy,” presented June 14, 2012 at the Wind for Schools Statewide Teacher Workshop, Normal, “Teaching Next Generation Energy Concepts with IL. Next Generation Science Standards: Addressing the Critical Need for a More Energy-Literate “Economic Impact of Wind Energy in Illinois,” Workforce,” presented September 30, 2014 at the presented June 6, 2012 at AWEA’s WINDPOWER Mathematics and Science Partnerships Program 2012, Atlanta, GA. 2014 Conference in Washington, DC. “Trends in Illinois Wind Energy,” presented March “National Utility Rate Database,” presented October 6, 2012 at the AWEA Regional Wind Energy 23, 2013 at Solar Power International, Chicago, IL. Summit – Midwest in Chicago, IL.

“Potential Economic Impact of Offshore Wind “Challenges and New Growth Strategies in the Wind Energy in the Great Lakes,” presented May 6, 2013 at Energy Business,” invited plenary session speaker at WindPower 2013, Chicago, IL. the Green Revolution Leaders Forum, November 18, 2011 in Seoul, South Korea. “Why Illinois? Windy City, Prairie Power,” presented May 5, 2013 at WindPower 2013, Chicago, IL. “Overview of the Center for Renewable Energy,” presented July 20, 2011 at the University-Industry “National Utility Rate Database,” presented January Consortium Meeting at Illinois Institute of 29, 2013 at the EUEC Conference, Phoenix, AZ. Technology, Chicago, IL.

“Energy Learning Exchange and Green Jobs,” “Building the Wind Turbine Supply Chain,” presented December 13, 2012 at the TRICON presented May 11, 2011 at the Supply Chain Growth Meeting of Peoria and Tazewell County Counselors, Conference, Chicago, IL Peoria, IL. “Building a Regional Energy Policy for Economic Development,” presented April 4, 2011 at the Midwestern Legislative Conference’s Economic Development Committee Webinar.

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Selected Presentations (continued) “Are Renewable Portfolio Standards a Policy Cure- All? A Case Study of Illinois’ Experience,” presented “Wind Energy 101,” presented February 7, 2011 at January 30, 2010 at the 2010 William and Mary the Wind Power in Central Illinois - A Public Forum, Environmental Law and Policy Review Symposium in CCNET Renewable Energy Group, Champaign, IL. Williamsburg, VA.

“Alternative Energy Strategies,” presented with Matt “Creating Partnerships between Universities and Aldeman November 19, 2010 at the Innovation Talent Industry,” presented November 19, 2009, at New Ideas STEM Education Forum, Chicago, IL. in Educating a Workforce in Renewable Energy and Energy Efficiency in Albany, NY. “Siting and Zoning in Illinois,” presented November 17, 2010 at the Wind Powering America Webinar. “Educating Illinois in Renewable Energy, presented November 14, 2009 at the Illinois Science Teachers “What Governor Quinn Should Do about Energy?” Association in Peoria, IL. presented November 15, 2010 at the Illinois Chamber of Commerce Energy Forum Conference, Chicago, “Green Collar Jobs,” invited presentation October 14, IL. 2009 at the 2009 Workforce Forum in Peoria, IL.

“Is Wind Energy Development Right for Illinois,” “The Role of Wind Power in Illinois,” presented presented with Matt Aldeman October 28, 2010 at March 4, 2009 at the Association of Illinois Electric the Illinois Association of Illinois County Zoning Cooperatives Engineering Seminar in Springfield, IL. Officials Annual Seminar in Utica, IL. “The Economic Benefits of Wind Farms,” presented January 30, 2009 at the East Central Illinois Economic “Economic Impact of Wind Energy in Illinois,” Development District Meeting in Champaign, IL. presented July 22, 2010 at the AgriEnergy Conference in Champaign, IL. “Green Collar Jobs in Illinois,” presented January 6, 2009 at the Illinois Workforce Investment Board “Renewable Energy Major at ISU,” presented July 21, 2010 at Green Universities and Colleges Meeting in Macomb, Illinois. Subcommittee Webinar. “Green Collar Jobs: What Lies Ahead for Illinois?” “Economics of Wind Energy,” presented May 19, presented August 1, 2008 at the Illinois Employment 2010 at the U.S. Green Building Council meeting in and Training Association Conference. Chicago, IL. “Mapping Broadband Access in Illinois,” presented “Forecasting: A Primer for the Small Business October 16, 2007 at the Rural Telecon ’07 conference. Entrepreneur,” presented with James E. Cox, Jr. April 14, 2010 at the Allied Academies’ Spring International “A Managerial Approach to Using Error Measures to Conference in New Orleans, LA. Evaluate Forecasting Methods,” presented October 15, 2007 at the International Academy of Business and Economics.

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Selected Presentations (continued) “Forecasting Challenges for U.S. Telecommunications with Local Competition,” “Dollars and Sense: The Pros and Cons of presented June 28, 1999 at the 19th International Renewable Fuel,” presented October 18, 2006 at Symposium on Forecasting. Illinois State University Faculty Lecture Series. “Acceptance of Forecasting Principles in Forecasting “Broadband Access in Illinois,” presented July 28, Textbooks,” presented June 28, 1999 at the 19th 2006 at the Illinois Association of Regional Councils International Symposium on Forecasting. Annual Meeting. “Forecasting Challenges for Telecommunications “Broadband Access in Illinois,” presented November With Local Competition,” presented June 17, 1999 17, 2005 at the University of Illinois’ Connecting the at the 17th Annual International Communications e to Rural Illinois. Forecasting Conference. “Measures of Market Competitiveness in “Improving Forecasting Through Textbooks – A 25 Deregulating Industries,” with Eric Malm, presented Year Review,” with James E. Cox, Jr., presented June May 28, 1999 at the 18th Annual Advanced 14, 2005 at the 25th International Symposium on Workshop on Regulation and Competition. Forecasting. “Trends in Telecommunications Forecasting and the “Telecommunications Demand Forecasting with Impact of Deregulation,” Proceedings of EPRI’s 11th Intermodal Competition, with Christopher Swann, Forecasting Symposium, 1998. presented April 2, 2004 at the Telecommunications Systems Management Conference 2004. “Forecasting in a Competitive Age: Utilizing Macroeconomic Forecasts to Accurately Predict the “Intermodal Competition,” with Christopher Swann, Demand for Services,” invited speaker, Institute for presented April 3, 2003 at the Telecommunications International Research Conference, September 29, Systems Management Conference 2003. 1997.

“Intermodal Competition in Local Exchange “Regulatory Fairness and Local Competition Markets,” with Christopher Swann, presented Pricing,” presented May 30, 1996 at the 15th Annual June 26, 2002 at the 20th Annual International Advanced Workshop in Regulation and Public Communications Forecasting Conference. Utility Economics.

“Assessing Retail Competition,” presented May “Optimal Pricing For a Regulated Monopolist 23, 2002 at the Institute for Regulatory Policy Facing New Competition: The Case of Bell Atlantic Studies’ Illinois Energy Policy for the 21st Century Special Access Demand,” presented May 28, 1992 at workshop. the Rutgers Advanced Workshop in Regulation and Public Utility Economics. “The Devil in the Details: An Analysis of Default Service and Switching,” with Eric Malm presented May 24, 2001 at the 20th Annual Advanced Workshop on Regulation and Competition.

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Grants “Partnership with Midwest Renewable Energy Association for Solar Market Pathways” with Missy “SmartGrid for Schools 2018 and Energy Challenge,” Nergard and Jin Jo, U.S. Department of Energy Award with William Hunter, Illinois Science and Energy Number DE-EE0006910, October, 2014, $109,469 Innovation Foundation, RSP Award # A15-0092-002 - (ISU Award amount). extended, January 2017, $300,000. “Renewable Energy for Schools,” with Matt Aldeman “Energy Learning Exchange - Implementing and Jin Jo, Illinois Department of Commerce and Nationally Recognized Energy Curriculum and Economic Opportunity, Award Number 14-025001, Credentials in Illinois,” Northern Illinois University, June, 2014, $130,001. RSP Award # A17-0098, February, 2017, $13,000. “SmartGrid for Schools 2014,” with William Hunter “SmartGrid for Schools 2017 and Energy Challenge,” and Matt Aldeman, Illinois Science and Energy with William Hunter, Illinois Science and Energy Innovation Foundation, RSP # 14B116, March 2014, Innovation Foundation, RSP Award # A15-0092-002 - $451,701. extended, January 2017, $350,000. “WINDPOWER 2014 Conference Exhibit,” “Illinois Jobs Project,” University of California Illinois Department of Commerce and Economic Berkeley, RSP Award # A16-0148, August, 2016, Opportunity, RSP #14C167, March, 2014, $95,000. $10,000. “Lake Michigan Offshore Wind Energy Buoy,” with “Energy Workforce Ready Through Building Matt Aldeman, Illinois Clean Energy Community Performance Analysis,” Illinois Department of Foundation, Request ID 6435, November, 2013, Commerce and Economic Opportunity through the $90,000. Department of Labor, RSP # A16-0139, June, 2016, $328,000 (grant was de-obligated before completion). “Teaching Next Generation Energy Concepts with Next Generation Science Standards,” with William “SmartGrid for Schools 2016 and Smart Appliance Hunter, Matt Aldeman and Amy Bloom, Illinois State Challenge,” with William Hunter, Brad Christenson Board of Education, RSP # 13B170A, October, 2013, and Jeritt Williams, Illinois Science and Energy second year, $159,954; amended to $223,914. Innovation Foundation, RSP Award # A15-0092-002, January 2016, $450,000. “Solar for Schools,” with Matt Aldeman, Illinois Green Economy Network, RSP # 13C280, August, 2013, $66,072. “SmartGrid for Schools 2015,” with William Hunter and Matt Aldeman, Illinois Science and Energy “Energy Learning Exchange Implementation Innovation Foundation, RSP Award # A15-0092-001, Grant,” with William Hunter and Matt Aldeman, February 2015, $400,000. Illinois Department of Commerce and Economic Opportunity, Award Number 13-052003, June, 2013, “Economic Impact of Nuclear Plant Closings: A $350,000. Response to HR 1146,” Illinois Department of Economic Opportunity, RSP Award # 14-025001 amended, January, 2015, $22,000.

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Grants (continued) “Illinois Sustainability Education SEP,” Illinois Department of Commerce and Economic “Teaching Next Generation Energy Concepts with Opportunity, Award Number 08-431005, June 2011, Next Generation Science Standards,” with William $75,000. Hunter, Matt Aldeman and Amy Bloom, Illinois State Board of Education, RSP # 13B170, April, 2013, “Illinois Pathways Energy Learning Exchange $159,901. Planning Grant,” with William Hunter and Matt Aldeman, Illinois State Board of Education (Source: “Illinois Sustainability Education SEP,” Illinois U.S. Department of Education), RSP # 13A007, Department of Commerce and Economic December, 2012, $50,000. Opportunity, Award Number 08-431006, March, 2013, $225,000. “Illinois Sustainability Education SEP,” Illinois Department of Commerce and Economic “Illinois Pathways Energy Learning Exchange Opportunity, Award Number 08-431005, June 2011, Planning Grant,” with William Hunter and Matt amended March, 2012, $98,911. Aldeman, Illinois State Board of Education (Source: U.S. Department of Education), RSP # 13A007, “Wind for Schools Education and Outreach,” with December, 2012, $50,000. Matt Aldeman, Illinois Department of Commerce and Economic Opportunity, Award Number 11- “Illinois Sustainability Education SEP,” Illinois 025001, amended February, 2012, $111,752. Department of Commerce and Economic Opportunity, Award Number 08-431005, June 2011, “A Proposal to Support Solar Energy Potential and amended March, 2012, $98,911. Job Creation for the State of Illinois Focused on Large Scale Photovoltaic System,” with Jin Jo (lead PI), Illinois Department of Commerce and Economic “Wind for Schools Education and Outreach,” with Opportunity, Award Number 12-025001, January Matt Aldeman, Illinois Department of Commerce 2012, $135,000. and Economic Opportunity, Award Number 11- 025001, amended February, 2012, $111,752. “National Database of Utility Rates and Rate Structure,” U.S. Department of Energy, Award “A Proposal to Support Solar Energy Potential and Number DE-EE0005350TDD, 2011-2014, $850,000. Job Creation for the State of Illinois Focused on Large “Illinois Sustainability Education SEP,” Illinois Scale Photovoltaic System,” with Jin Jo (lead PI), Department of Commerce and Economic Illinois Department of Commerce and Economic Opportunity, Award Number 08-431005, June 2011, Opportunity, Award Number 12-025001, January $75,000. 2012, $135,000. “Wind for Schools Education and Outreach,” with “National Database of Utility Rates and Rate Matt Aldeman, Illinois Department of Commerce Structure,” U.S. Department of Energy, Award and Economic Opportunity, Award Number 11- Number DE-EE0005350TDD, 2011-2014, $850,000. 025001, March 2011, $190,818.

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Grants (continued) “Illinois Sustainability Education SEP,” Illinois Department of Commerce and Economic “Teaching Next Generation Energy Concepts with Opportunity, Award Number 08-431005, June 2011, Next Generation Science Standards,” with William $75,000. Hunter, Matt Aldeman and Amy Bloom, Illinois State Board of Education, RSP # 13B170, April, “Illinois Pathways Energy Learning Exchange 2013, $159,901. Planning Grant,” with William Hunter and Matt Aldeman, Illinois State Board of Education (Source: “Illinois Sustainability Education SEP,” Illinois U.S. Department of Education), RSP # 13A007, Department of Commerce and Economic December, 2012, $50,000. Opportunity, Award Number 08-431006, March, 2013, $225,000. “Illinois Sustainability Education SEP,” Illinois Department of Commerce and Economic “Illinois Pathways Energy Learning Exchange Opportunity, Award Number 08-431005, June 2011, Planning Grant,” with William Hunter and Matt amended March, 2012, $98,911. Aldeman, Illinois State Board of Education (Source: U.S. Department of Education), RSP # 13A007, “Wind for Schools Education and Outreach,” with December, 2012, $50,000. Matt Aldeman, Illinois Department of Commerce and Economic Opportunity, Award Number 11- “Illinois Sustainability Education SEP,” Illinois 025001, amended February, 2012, $111,752. Department of Commerce and Economic Opportunity, Award Number 08-431005, June 2011, “A Proposal to Support Solar Energy Potential amended March, 2012, $98,911. and Job Creation for the State of Illinois Focused on Large Scale Photovoltaic System,” with Jin Jo (lead PI), Illinois Department of Commerce and “Wind for Schools Education and Outreach,” with Economic Opportunity, Award Number 12-025001, Matt Aldeman, Illinois Department of Commerce January 2012, $135,000. and Economic Opportunity, Award Number 11- 025001, amended February, 2012, $111,752. “National Database of Utility Rates and Rate Structure,” U.S. Department of Energy, Award “A Proposal to Support Solar Energy Potential Number DE-EE0005350TDD, 2011-2014, $850,000. and Job Creation for the State of Illinois Focused “Illinois Sustainability Education SEP,” Illinois on Large Scale Photovoltaic System,” with Jin Jo Department of Commerce and Economic (lead PI), Illinois Department of Commerce and Opportunity, Award Number 08-431005, June 2011, Economic Opportunity, Award Number 12-025001, $75,000. January 2012, $135,000. “Wind for Schools Education and Outreach,” with “National Database of Utility Rates and Rate Matt Aldeman, Illinois Department of Commerce Structure,” U.S. Department of Energy, Award and Economic Opportunity, Award Number 11- Number DE-EE0005350TDD, 2011-2014, $850,000. 025001, March 2011, $190,818.

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Grants (continued) “An Empirical Study of Telecommunications Industry Forecasting Practices,” with James E. Cox, College of “Illinois Broadband Mapping Study,” with J. Lon Business University Research Grant (peer-reviewed), Carlson and Rajeev Goel, Illinois Department of Summer, 1999, $6,000. Commerce and Economic Opportunity, Award Number 06-205008, 2006-2007, $75,000. “Ownership Form and the Efficiency of Electric Utilities: A Meta-Analytic Review” with L. Dean “Illinois Wind Energy Education and Outreach Hiebert, Institute for Regulatory Policy Studies Project,” with David Kennell and Randy Winter, U.S. research grant (peer-reviewed), August 1998, $6,000. Department of Energy, Award Number DE-FG36- 06GO86091, 2006-2010, $990,000. Total Grants: $7,740,953

“Wind Turbine Installation at Illinois State University Farm,” with Doug Kingman and David Kennell, Illinois Clean Energy Community Foundation (peer- reviewed), May, 2004, $500,000.

“Illinois State University Wind Measurement Project,” Doug Kingman and David Kennell, Illinois Clean Energy Community Foundation (peer-reviewed), with August, 2003, $40,000.

“Illinois State University Wind Measurement Project,” with Doug Kingman and David Kennell, NEG Micon matching contribution, August, 2003, $65,000.

“Distance Learning Technology Program,” Illinois State University Faculty Technology Support Services, Summer 2002, $3,000.

“Providing an Understanding of Telecommunications Technology By Incorporating Multimedia into Economics 235,” Instructional Technology Development Grant (peer-reviewed), January 15, 2001, $1,400.

“Using Real Presenter to create a virtual tour of GTE’s Central Office,” with Jack Chizmar, Instructional Technology Literacy Mentoring Project Grant (peer- reviewed), January 15, 2001, $1,000.

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External Funding Corporate Funding for Institute for Regulatory Policy Studies, Ameren ($7,500), Aqua Illinois Corporate Funding for Institute for Regulatory ($7,500); Commonwealth Edison ($7,500); Exelon/ Policy Studies, Ameren ($7,500), Aqua Illinois Constellation NewEnergy ($7,500); Illinois ($7,500); Commonwealth Edison ($7,500); Exelon American Water ($7,500) ITC Holdings ($7,500); ($7,500); Illinois American Water ($7,500); Midcontinent ISO ($7,500); NICOR Energy Midcontinent ISO ($7,500); NICOR Energy ($7,500); People Gas Light and Coke ($7,500); PJM ($7,500); People Gas Light and Coke ($7,500); PJM Interconnect ($7,500); Utilities, Inc. ($7,500) Fiscal Interconnect ($7,500); Fiscal Year 2017, $67,500 Year 2016, $82,500 total. total. Workshop Surplus for Institute for Regulatory Policy Workshop Surplus for Institute for Regulatory Policy Studies, with Adrienne Ohler, Fiscal Year 2015, Studies, with Adrienne Ohler, Fiscal Year 2017, $15,897. $18,342. Corporate Funding for Institute for Regulatory Corporate Funding for Institute for Regulatory Policy Studies, Ameren ($7,500), Alliance Policy Studies, Ameren ($7,500), Aqua Illinois Pipeline ($7,500); Aqua Illinois ($7,500); AT&T ($7,500); Commonwealth Edison ($7,500); Exelon ($7,500);Commonwealth Edison ($7,500); Exelon/ ($7,500); Illinois American Water ($7,500) ITC Constellation NewEnergy ($7,500); Illinois Holdings ($7,500); Midcontinent ISO ($7,500); American Water ($7,500) ITC Holdings ($7,500); NICOR Energy ($7,500); People Gas Light and Coke Midcontinent ISO ($7,500); NICOR Energy ($7,500); PJM Interconnect ($7,500); Fiscal Year ($7,500); People Gas Light and Coke ($7,500); PJM 2017, $75,000 total. Interconnect ($7,500); Fiscal Year 2015, $90,000 total. Workshop Surplus for Institute for Regulatory Policy Studies, with Adrienne Ohler, Fiscal Year 2016, Corporate Funding for Energy Learning Exchange, $19,667. Calendar Year 2014, $55,000.

Corporate Funding for Energy Learning Exchange, Workshop Surplus for Institute for Regulatory Policy Calendar Year 2016, $53,000. Studies, with Adrienne Ohler, Fiscal Year 2014, $12,381.

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External Funding (continued) Corporate Funding for Institute for Regulatory Policy Studies, Alliance Pipeline ($7,500); Aqua Illinois Corporate Funding for Institute for Regulatory ($7,500); AT&T ($7,500);Commonwealth Edison Policy Studies, Ameren ($7,500), Alliance ($7,500); Constellation NewEnergy ($7,500); Illinois Pipeline ($7,500); Aqua Illinois ($7,500); AT&T American Water ($7,500) ITC Holdings ($7,500); ($7,500);Commonwealth Edison ($7,500); Midwest Generation ($7,500); MidWest ISO ($7,500); Constellation NewEnergy ($7,500); Illinois American NICOR Energy ($7,500); People Gas Light and Coke Water ($7,500) ITC Holdings ($7,500); Midwest ($7,500); PJM Interconnect ($7,500); Fiscal Year Energy Efficiency Alliance ($4,500); Midwest 2012, $90,000 total. Generation ($7,500); MidWest ISO ($7,500); NICOR Energy ($7,500); People Gas Light and Coke ($7,500); Corporate Funding for Illinois Wind Working Group, PJM Interconnect ($7,500); Fiscal Year 2014, Calendar Year 2011, $57,005. $102,000 total. Workshop Surplus for Institute for Regulatory Policy Corporate Funding for Energy Learning Exchange, Studies, with Adrienne Ohler, Fiscal Year 2011, Calendar Year 2013, $53,000. $13,562.

Workshop Surplus for Institute for Regulatory Policy Corporate Funding for Institute for Regulatory Policy Studies, with Adrienne Ohler, Fiscal Year 2013, Studies, Alliance Pipeline ($7,500); Aqua Illinois $17,097. ($7,500); AT&T ($7,500);Commonwealth Edison ($7,500); Constellation NewEnergy ($7,500); Illinois Corporate Funding for Institute for Regulatory American Water ($7,500) ITC Holdings ($7,500); Policy Studies, Ameren ($7,500), Alliance Midwest Generation ($7,500); MidWest ISO ($7,500); Pipeline ($7,500); Aqua Illinois ($7,500); AT&T NICOR Energy ($7,500); People Gas Light and Coke ($7,500);Commonwealth Edison ($7,500); ($7,500); PJM Interconnect ($7,500); Fiscal Year Constellation NewEnergy ($7,500); Illinois American 2011, $90,000 total. Water ($7,500) ITC Holdings ($7,500); Midwest Generation ($7,500); MidWest ISO ($7,500); NICOR Corporate Funding for Center for Renewable Energy, Energy ($7,500); People Gas Light and Coke ($7,500); Calendar Year 2010, $50,000. PJM Interconnect ($7,500); Fiscal Year 2013, $97,500 total. Corporate Funding for Illinois Wind Working Group, Calendar Year 2010, $49,000. Corporate Funding for Illinois Wind Working Group, Calendar Year 2012, $29,325. Workshop Surplus for Institute for Regulatory Policy Studies, with Lon Carlson, Fiscal Year 2010, $17,759. Workshop Surplus for Institute for Regulatory Policy Studies, with Adrienne Ohler, Fiscal Year 2012, $16,060.

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External Funding (continued) Corporate Funding for Institute for Regulatory Corporate Funding for Institute for Regulatory Policy Studies, Alliance Pipeline ($7,500); Aqua Policy Studies, Ameren ($7,500), Alliance Illinois ($7,500); AT&T ($7,500);Commonwealth Pipeline ($7,500); Aqua Illinois ($7,500); AT&T Edison ($7,500); Constellation NewEnergy ($7,500); ($7,500);Commonwealth Edison ($7,500); Illinois American Water ($7,500) ITC Holdings Constellation NewEnergy ($7,500); Illinois ($7,500); Midwest Generation ($7,500); MidWest American Water ($7,500) ITC Holdings ($7,500); ISO ($7,500); NICOR Energy ($7,500); People Midwest Energy Efficiency Alliance ($4,500); Gas Light and Coke ($7,500); PJM Interconnect Midwest Generation ($7,500); MidWest ISO ($7,500); Fiscal Year 2012, $90,000 total. ($7,500); NICOR Energy ($7,500); People Gas Light and Coke ($7,500); PJM Interconnect ($7,500); Corporate Funding for Illinois Wind Working Fiscal Year 2014, $102,000 total. Group, Calendar Year 2011, $57,005.

Corporate Funding for Energy Learning Exchange, Workshop Surplus for Institute for Regulatory Policy Calendar Year 2013, $53,000. Studies, with Adrienne Ohler, Fiscal Year 2011, $13,562. Workshop Surplus for Institute for Regulatory Policy Studies, with Adrienne Ohler, Fiscal Year 2013, Corporate Funding for Institute for Regulatory $17,097. Policy Studies, Alliance Pipeline ($7,500); Aqua Illinois ($7,500); AT&T ($7,500);Commonwealth Corporate Funding for Institute for Regulatory Edison ($7,500); Constellation NewEnergy ($7,500); Policy Studies, Ameren ($7,500), Alliance Illinois American Water ($7,500) ITC Holdings Pipeline ($7,500); Aqua Illinois ($7,500); AT&T ($7,500); Midwest Generation ($7,500); MidWest ($7,500);Commonwealth Edison ($7,500); ISO ($7,500); NICOR Energy ($7,500); People Constellation NewEnergy ($7,500); Illinois Gas Light and Coke ($7,500); PJM Interconnect American Water ($7,500) ITC Holdings ($7,500); ($7,500); Fiscal Year 2011, $90,000 total. Midwest Generation ($7,500); MidWest ISO ($7,500); NICOR Energy ($7,500); People Gas Light Corporate Funding for Center for Renewable and Coke ($7,500); PJM Interconnect ($7,500); Energy, Calendar Year 2010, $50,000. Fiscal Year 2013, $97,500 total. Corporate Funding for Illinois Wind Working Corporate Funding for Illinois Wind Working Group, Calendar Year 2010, $49,000. Group, Calendar Year 2012, $29,325.

Workshop Surplus for Institute for Regulatory Policy Studies, with Adrienne Ohler, Fiscal Year 2012, $16,060.

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External Funding (continued) Workshop Surplus for Institute for Regulatory Policy Corporate Funding for Institute for Regulatory Policy Studies, with L. Dean Hiebert, Fiscal Year 2003, Studies, AARP ($1,500), Alliance Pipeline ($2,500), $8,300. Ameren ($5,000); Citizens Utility Board ($5,000); Commonwealth Edison ($5,000); Constellation Corporate Funding for Institute for Regulatory Policy NewEnergy ($5,000); DTE Energy ($5,000); Studies, with L. Dean Hiebert, AmerenCIPS ($5,000); MidAmerican Energy ($5,000); Midwest Generation AT&T ($2,500); Commonwealth Edison ($5,000); ($5,000); MidWest ISO ($5,000); NICOR Energy Illinois Power ($5,000); MidAmerican Energy ($5,000); Peabody Energy ($2,500), People Gas Light ($5,000); NICOR Energy ($5,000); People Gas Light and Coke ($5,000); PJM Interconnect ($5,000); SBC and Coke ($5,000); Fiscal Year 2003, $32,500 total. ($5,000); Verizon ($5,000); Fiscal Year 2006, $71,500 total. Workshop Surplus for Institute for Regulatory Policy Studies, with L. Dean Hiebert, Calendar Year 2002, Workshop Surplus for Institute for Regulatory Policy $15,700. Studies, with L. Dean Hiebert, Fiscal Year 2005, Corporate Funding for Institute for Regulatory Policy $12,916. Studies, with L. Dean Hiebert, AmerenCIPS ($2,500); Corporate Funding for Institute for Regulatory Policy AT&T ($5,000); Commonwealth Edison ($2,500); Studies, with L. Dean Hiebert, AmerenCIPS ($5,000); Illinois Power ($2,500); MidAmerican Energy Citizens Utility Board ($5,000); Commonwealth ($2,500); NICOR Energy ($2,500); People Gas Light Edison ($5,000); Constellation NewEnergy ($5,000); and Coke ($2,500); Calendar Year 2002, $17,500 total. Illinois Power ($5,000); MidAmerican Energy ($5,000); Midwest Generation ($5,000); MidWest ISO Corporate Funding for International ($5,000); NICOR Energy ($5,000); People Gas Light Communications Forecasting Conference, National and Coke ($5,000); PJM Interconnect ($5,000); SBC Economic Research Associates ($10,000); Taylor ($2,500); Verizon ($2,500); Fiscal Year 2005, $60,000 Nelson Sofres Telecoms ($10,000); Calendar Year total. 2002, $20,000 total

Workshop Surplus for Institute for Regulatory Policy Corporate Funding for Institute for Regulatory Policy Studies, with L. Dean Hiebert, Fiscal Year 2004, Studies, with L. Dean Hiebert, AmerenCIPS ($5,000); $17,515. AT&T ($5,000); Commonwealth Edison ($5,000); Illinois Power ($5,000); MidAmerican Energy Corporate Funding for Institute for Regulatory Policy ($5,000); NICOR Energy ($5,000); People Gas Light Studies, with L. Dean Hiebert, AmerenCIPS ($5,000); and Coke ($5,000); Calendar Year 2001, $35,000 total. Commonwealth Edison ($5,000); Constellation NewEnergy ($5,000); Illinois Power ($5,000); Workshop Surplus for Institute for Regulatory Policy MidAmerican Energy ($5,000); Midwest Generation Studies, with L. Dean Hiebert, Calendar Year 2001, ($5,000); NICOR Energy ($5,000); People Gas Light $19,400. and Coke ($5,000); PJM Interconnect ($5,000); Fiscal Year 2004, $45,000 total.

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Corporate Funding for International Communica- External Funding (continued) tions Forecasting Conference, National Economic Research Associates ($10,000); PNR Associates Corporate Funding for International ($10,000); Calendar Year 1999, $20,000 total. Communications Forecasting Conference, National Economic Research Associates ($10,000); Taylor Corporate Funding for Institute for Regulatory Nelson Sofres Telecoms ($10,000); SAS Institute Policy Studies, with L. Dean Hiebert, AmerenCIPS ($10,000); Calendar Year 2001, $30,000 total. ($5,000); CILCO ($5,000); Commonwealth Edison ($5,000); Illinois Power ($5,000); MidAmerican En- Corporate Funding for Institute for Regulatory ergy ($5,000); People Gas Light and Coke ($5,000); Policy Studies, with L. Dean Hiebert, AmerenCIPS Calendar Year 1998, $30,000 total. ($5,000); AT&T ($5,000); Commonwealth Edison ($5,000); Illinois Power ($5,000); MidAmerican Workshop Surplus for Institute for Regulatory Policy Studies, with L. Dean Hiebert, Calendar Year 1998, Energy ($5,000); NICOR Energy ($5,000); People $44,334. Gas Light and Coke ($5,000); Calendar Year 2000, $35,000 total. Corporate Funding for International Communica- tions Forecasting Conference, National Economic Workshop Surplus for Institute for Regulatory Policy Research Associates ($10,000); PNR Associates Studies, with L. Dean Hiebert, Calendar Year 2000, ($10,000); Calendar Year 1998, $20,000 total. $20,270. Corporate Funding for International Corporate Funding for Institute for Regulatory Communications Forecasting Conference, National Policy Studies, with L. Dean Hiebert, AmerenCIPS Economic Research Associates ($10,000); Taylor ($5,000); CILCO ($5,000); Commonwealth Edison Nelson Sofres Telecoms ($10,000); Calendar Year ($5,000); Illinois Power ($5,000); MidAmerican En- 2000, $20,000 total. ergy ($5,000); People Gas Light and Coke ($5,000); Calendar Year 1997, $30,000 total. Corporate Funding for Institute for Regulatory Policy Studies, with L. Dean Hiebert, AmerenCIPS Workshop Surplus for Institute for Regulatory Policy ($5,000); AT&T ($5,000); Commonwealth Edison Studies, with L. Dean Hiebert, Calendar Year 1997, ($5,000); Illinois Power ($5,000); MidAmerican $19,717. Energy ($5,000); NICOR Energy ($5,000); People Gas Light and Coke ($5,000); Calendar Year 1999, Total External Funding: $2,492,397 $35,000 total.

Workshop Surplus for Institute for Regulatory Policy Studies, with L. Dean Hiebert, Calendar Year 1999, $10,520.

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by David G. Loomis Strategic Economic Research, LLC strategiceconomic.com 815-905-2750

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