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that time to project an average annual increase of 20 percent for
the foreseeable future and for purposes of calculating profit
potentials for energy investments. Respondent disagrees with the
20-percent rate and contends that the highest rate of inflation
in energy costs would have been 18.5 percent.
Respondent relies on the report and testimony of Dr. Mark
Rodekohr (Dr. Rodekohr), the director of the Energy Markets and
Contingency Information Division at the Energy Information
Administration, U.S. Department of Energy. Dr. Rodekohr received
a bachelor of science degree in economics in 1970 from the
University of Delaware and a Ph.D. in economics from the
University of Colorado in 1974. Dr. Rodekohr has 30 years’
experience in forecasting and analysis of energy issues for the
Department of Energy. His background includes experience in the
analysis of energy prices, demand, household energy expenditures,
international energy issues, and natural gas supply and demand
issues.
In his report, Dr. Rodekohr stated that he had reviewed
projections of electricity prices in the commercial and
industrial sectors that were available in 1980. The projections
he used were taken from the Energy Information Administration’s
Annual Energy Outlook 1980, and he represented that these
projections have generally been available annually from 1974 to
the present. On the basis of the data contained in the
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