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Rutgers School of Business – Camden

Distinguished Researcher in Energy and Utility Regulation Michelfelder elected to SURFA’s Board of Directors

Dr. Richard Michelfelder, Clinical Associate Professor of Finance at Rutgers School of Business–Camden, was recently elected to the Board of Directors of the Society of Utility and Regulatory Financial Analysts (SURFA). SURFA is a national organization of public utility analysts, regulatory analysts, federal and state government regulatory agencies, investment bankers and other Wall Street analysts, academics, consultants, and other affiliates of price-and-profit regulated industries in the US. This membership is a well-deserved honor for Dr. Michelfelder.

This past April 2022, Dr. Michelfelder was the keynote speaker at the 53rd Financial Forum of SURFA. This conference addressed the condition of and outlook for the utility industry, with Dr. Michelfelder and his fellow speakers providing valuable insights on the current cost of capital issues and other contemporary financial issues impacting the utility industries.  

Dr. Michelfelder is actively mentioned in news outlets as well. On August 22, 2022, the Philadelphia Inquirer covered a story about the recent heat waves on the east coast reached out for a quote. Sharing his expertise on utilities, he stated that “Fortunately, having the heat wave cresting on the weekend limits stress on the region’s power supplies” although air conditioning bills in July are expected to rise regardless. In past months, he has also been quoted in the Courier Post and Rutgers–Camden News Now, regarding bonds and impacts on the stock market. In a New Jersey 101.5 article about lingering supply chain issues, Dr. Michelfelder was quoted in saying that “The pandemic sent a shock to the system that can’t be ironed out overnight. There’s no such thing as a pre-COVID economy anymore.” 

Dr. Michelfelder is a highly distinguished and well-known researcher in regulation, utility stock prices, stock market risk, and the cost of capital. He has a Ph.D. in Economics with concentrations in international finance, finance, and monetary economics. Previously, Dr. Michelfelder served as CEO of Quantum Consulting, Inc, a national public utility consulting firm.

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