Peter is a director for the financial valuation and electric and gas utilities and power generation practices. He has extensive experience in depreciation rate studies of utility property and in fair market value appraisals of the business and assets of electric and gas utilities and the power generation industry for a variety of valuation purposes, including Independent Engineer’s Certificates.
He also performs fair market value appraisals for energy, industrial and financial corporations. In addition, Peter specializes in intangible asset lifing studies. He is a registered professional engineer in the state of Wisconsin.
Peter has presented testimony or studies to the Federal Energy Regulatory Commission, Rural Utilities Service, and Fair Trading Commission of Barbados and to utility regulatory bodies in Alabama, Alaska, Arkansas, Connecticut, Florida, Georgia, Illinois, Iowa, Kansas, Minnesota, Mississippi, North Carolina, Oregon, South Dakota, Texas, Virginia and Wisconsin.
He has also testified before the US Tax Court; the US Bankruptcy Court; the Delaware Court of Chancery; Property Tax Appeals Boards in Alaska, California, Illinois, Maine, and Utah; Circuit Courts of Grant County, Wisconsin, and Cook County, Illinois; and the American Arbitration Association.
Peter joined American Appraisal in 1973 as an associate appraiser specializing in public utilities. Since then, he has held various consulting and management positions with the firm regarding utilities and related industries. He has been in his current position since 1999.
Education
-
Marquette University, Master of Business Administration
-
Marquette University, Bachelor of Science - Electrical Engineering
Professional Affiliations
-
American Gas Association, Depreciation Committee Member
-
American Society of Appraisers, Accredited Appraiser: Machinery and Technical Specialties/Public Utilities
-
Society of Depreciation Professionals, Senior Member
Professional Development
-
American Society of Appraisers
-
Advanced Business Valuation and other seminars
-
Uniform Standards of Professional Appraisal Practice
-
Wichita State University
-
Appraisal of Utility and Railroad Property for Ad Valorem Taxation
-
Depreciation Programs, Inc., at Western Michigan University
-
Depreciation Programs III and V
-
Numerous electric generating and utility industry seminars and conferences concerning cost of capital, valuation, property tax, and depreciation rates
Speeches
Peter has been a guest speaker at the ABA/IPT Advanced Property Tax Seminar, at the Texas A&M Ad Valorem Seminar, at the ASA International Appraisal Conference, at CBI’s Nuclear Power Seminar, before property tax managers of a multistate telephone company, and before the New York State Association of Utility Property Tax Managers.