26 Maple Road
P.O. Box 947
North Hampton, NH 03862
Fax: (603) 964-4077
C U R R I C U L U M V I T A E
G E O R G E K. L A G A S S A, P H. D., A S A
George K. Lagassa, Ph.D., ASA
Principals of Appraisal for Ad Valorem Taxation of Communications,
Transportation Properties, Wichita State University, August 1996, 1997,1999,
American Society of Appraisers, Machinery/Technical Specialties,
Appraisal Institute Coursework, 1987 - 92 and continuing
Ph. D. Political Science, State University of New York at Buffalo, 1976
"Megawatts, Megadollars and the Environment:
Line Siting in New York State", University Microfilm
A. B. cum laude, Government, Kenyon College, 1970
Woodrow Wilson Fellow, 1970
|1983 - Present
North Hampton, NH 03862
Consulting practice specializing in the appraisal and valuation of electric
utility assets, serving municipalities and the power industry with ad
valorem tax assessment, project feasibility analysis, regulatory compliance,
and utility negotiation.
- Prepared over 150 hydroelectric appraisals and valuations of nuclear,
wood burning, and natural gas combustion power plants, transmission
and distribution lines, dams & water rights in the USA and Latin America.
- Managed acquisition, development, regulatory compliance, negotiation
of power sales and wheeling contracts, and operations of fourteen independent
- Contributing Editor, Independent Energy Magazine, (1988 - 1998),
contributed 30+ articles on industry affairs and public policy issues
(copies available on request).
- Own and manage operations of a hydroelectric station in Ashland,
NH (President, Freshwater Hydro, Inc., 1990 - present).
- Appointed by Governors Judd Gregg, Stephen Merrill and Jeanne Shaheen
to represent the hydroelectric industry on the NH Rivers Management
Advisory Committee (1991,1994, 1997, 2000).
- Adjunct Professor of Political Science, Keene State College, Keene,
|1981 - 1983
Mill Pond Hydro Corporation
40 Bridge Street
Portsmouth, NH 03801
Managed New England regional subsidiary of National Hydro Corporation,
Boston, MA. Directed successful bids for state and municipally-owned dams
and negotiations of partnership/ joint venture agreements for privately
|1980 - 1981
||Program Manager for
Small Power Production
Massachusetts Energy Office
Managed state energy office program, with support staff of three, for
encouraging dispersed small scale electric power generation using water,
wind, and photovoltaic systems. Supervised evaluation of municipal and
state agency funding proposals for development of small power projects
|1974 - 1980
||Asst. Prof. of Political Science
University of New Hampshire
Durham, NH 03824
Taught graduate and undergraduate courses in American public policy and
bureaucracy and specialized courses in energy and natural resource management.
Played principal role in teaching and curriculum development in the graduate
program leading to the Masters degree in Public Administration (MPA).
Conducted research on U.S. energy policy, co-edited (with Gregory Daneke)
Energy Policy and Public Administration, Lexington Books,
|1973 - 1974
||Legislative Assistant to
Senator Thomas F. McGowan, Chair
State Senate Committee on Banks
Albany, New York
Completed research on banking policy issues affecting consumers, commercial
banks and thrift institutions; conducted survey of competitiveness among
banks in New York State; engaged in day to day politicking affecting state
Professional Memberships/Community Activities
Licensed General Appraiser in NH (NHCG-223), VT (80-0000140), NY (46000038494),
Maine (ME-CG 1429), and Massachusetts (MA-CG 5589). Accredited Senior
Appraiser (ASA), American Society of Appraisers, Machinery &
Technical Specialties (Boston Chapter)
Co-Chair, Hydro Industry Advisory Panel, Low Impact Hydropower Institute,
Selectman, Town of North Hampton, NH 1997-2002 (Chair 1999-2000)
Member, School Board, Town of North Hampton, NH (2000-2003)
Board of Directors, Rockingham Community Action Agency, 1991 - 2001
1992 - 1995)
Member, NH Rivers Management Advisory Committee, 1991 - Present
Member, North Hampton Planning Board, North Hampton, NH, 1989 - 1998
Commissioner, Rockingham County Planning Commission, 1991 - 1995
Member, Hampton Rotary Club, 1988 - 1993 (Sec'y, 1989-90; VP,1990 -91),
Member, Portsmouth Rotary Club, 1996 - 1998
Board of Directors, Granite State Hydropower Association, 1983 - Present
1983 - 86)
Panel participation, teaching, papers and publications
Risk and Power Plant Valuation", Electric Power Asset Valuation,
Santa Monica, CA, April 2002
Value of Regulatory Risk," Elecric Power Asset Valuation, Chicago,
IL, July 2001.
Plant Value and Regulatory Risk under Electric Deregulation," presented
at Electric Asset Valuation, San Antonio, Texas, January 23, 2001.
and Valuing Utility Facilities under Deregulation: One Year Later," 52nd
Annual Maine Property Tax College, Lewiston, Maine, August 4, 1999.
to Review and Critique Appraisals," IAAO Educational Session,
Newburgh, NY, March 23, 1999.
the Intangible Benefits of Hydropower," presented at Electric Asset
Valuation, Orlando, Florida, February 23, 1999.
Taxation of Electric Utility Assets," 51st Annual Maine Property Tax
College, Lewiston, Maine, July, 1998.
Impact of Property Taxes on Hydro Asset Values," presented at HydroVision
'98, Reno, Nevada, July 1998
Hydroelectric Assets: A Case Study," Proceeding of HydroVision '98, Reno,
Nevada, July 1998.
Market Value of Electric Power Assets," presentation at Annual Meeting
New York State Assessors Association, Monticello, NY, September 1996.
for Appraising International Hydro Projects," paper presented at Waterpower
'93, International Conference on Hydropower sponsored by American
Society of Civil Engineers, Nashville, Tennessee, August 1993.
Impacts of Environmental Regulation," panel participant, Competing
Visions? Environmental Policy and the Economy, 3rd Annual Environmental
Law Society Conference, Vermont Law School, South Royalton, VT, April
Market Value vs. Net Investment: Competing Standards for Appraising Relicensed
Hydro Stations Lost to Competitors", paper presented at Waterpower
'91 International Conference on Hydropower sponsored by American
Society of Civil Engineers, Denver, Colorado, July 1991.
Your Hydro Project Worth?" Alternative Sources of Energy Magazine,
Site Appraisal: Art or Science?", paper presented to Small Hydro 88,
Sponsored by Ontario Energy Ministry, Toronto, Ontario, July 6, 1988.
Feasibility of Small Scale Hydropower," paper presented at conference
sponsored by Swedish Trade Commission, New England Governors Conference,
New England Power Pool, and New England Conference of Public Utilities
Commissioners, Boston, MA, October, 1987.
Challenge to Myopia," Hydro Review, Winter, 1984.
Implications of Renewable Energy Resources," Panel Chair, Small Scale
Hydropower, at Electric Utilities and Renewable Energy: Environmental
and Regulatory Issues, Conference sponsored by Edison Electric Institute
and Renewable Energy Institute, Boston, MA, November 1984.
Utility Commissions as Vestigial Organs: The Need for Regional Governance
of Electric Utilities," Kansas Law Review, Winter 1980.
Policy and Public Administration, co-edited with Gregory A. Daneke,
Lexington Books, 1980.
George K. Lagassa, by-line articles published as Contributing Editor,
Independent Energy Magazine, 1989 - 1997:
"The Value of Hydropower," July/August, 1997
"The Stranded Cost Question," November 1996
"Retail Wheeling and Hydropower," March 1995
"When FERC and States Collide," October 1994
"Fighting for Economic Survival," April 1994
"Hydropower's Information Highway," February 1994
"Water Rights in the States," October 1993.
"Exploring Turbine Markets," July/August 1993.
"Controlling the Flow," May/June, 1993
"Controlling Power," April 1993,
"Focusing on Dam Safety," January, 1993.
"Small Hydro Goes International," November, 1992.
"Repowering Hydro," October 1992.
"Clashing World Views," September 1992.
"Working with the FERC," April 1992.
"Planning for Success," with John Anderson, January 1992
"The New River Conservationists," November 1991.
"Losing out at Relicensing," September 1991.
"Changing Hydro Strategies," July/August 1991.
"Financing Vidalia," May/June 1991.
"Changing Hydro Policy," April 1991.
"Success at Vidalia," March 1991.
"Tempest at Glen Canyon," January 1991.
"Telling Hydro's Story," November 1990.
"Recruiting Personnel," October 1990.
"Complying with the FERC," September 1990.
"Testing Turbine Efficiency," July/August 1990.
"New Monitoring Devices," May/June 1990.
"Streamlining Hydro Licensing," April 1990.
"North American Turbine Companies," March 1990
"Shifting Strategies," February 1990.
"Turbine Competition Sharpens," January 1990.
"Creative Mitigation," with Fred Ayer, October 1989.
"Refining Hydropower," September 1989.
"ECPA Comes of Age," July/August 1989.
"What Price Dam Safety," May/June 1989.
"River Protection Moving Along," April 1989.
"FERC Challenges Unlicensed Projects," March 1989.
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26 Maple Road -- P.O. Box 947
North Hampton, NH 03862
(603) 964-7113 -- Fax: (603) 964-4077