12/22/2025

USAEE E-NEWSLETTER | WINTER 2025

Welcome to the final 2025 edition of the United States Association for Energy Economics quarterly newsletter! Each quarter, we will bring you engaging articles, expert opinions, member perspectives, and updates that reflect the dynamic landscape affecting the economics of the energy industry. Your feedback is invaluable to us, so please reach out to share your thoughts, article ideas, and questions at usaee@usaee.org.

A Message from the President: A Year of Resilience, Relevance, and Renewed Foundations

BY R. DEAN FOREMAN | PRESIDENT, USAEE

As we reach the end of the year, I want to extend my sincere appreciation to our members, volunteers, chapter leaders, board colleagues, and partners who have supported and strengthened the U.S. Association for Energy Economics throughout 2025. This has been a year defined by meaningful progress in the fundamentals that keep our organization strong.

Strengthening Our Foundation

This year, USAEE placed renewed emphasis on financial clarity and organizational transparency. We sharpened our visibility into revenues and obligations, examined our cost structure more closely, and strengthened the processes that support day-to-day operations. That work resulted in real, measurable improvements—including corporate fundraising that increased by more than 60% year-over-year, reflecting both renewed support from longstanding partners and interest from new sponsors. Combined with improved financial oversight, this has materially bolstered USAEE’s position heading into 2026.

These achievements reflect the dedication of our board, the commitment of our volunteers, and the reputation USAEE has earned through decades of convening serious, nonpartisan energy dialogue.

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2026 USAEE Council

Following the close of member voting last week, we are pleased to announce the confirmation of the thirteen USAEE members who will serve on the 2026 USAEE Council:

President: Greg Upton
President-Elect: Anna Broughel
Immediate Past President: Dean Foreman
Secretary-Treasurer: Amanda Harker Steele

Vice President, Conferences: Karr Ingham
Vice President, Academic Affairs: Jamal Mamkhezri
Vice President, Communications: Samuel Lockhart Priestley
Vice President, Business: Amy Brock
Vice President, Government: Shruti K. Mishra
Vice President, Membership and Chapter Liaison: Ning Lin

Council Member-at-Large: Dong Fu
Council Member-at-Large: Nathaniel Gilbraith
Council Member-at-Large: Michael Plante

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42nd USAEE/IAEE
North American Conference

Thank You to All Who Joined Us in Fort Worth!

The 2025 USAEE/IAEE conference was one to remember! Thank you to all who gathered last month at The Worthington Renaissance Forth Worth Hotel for the conference, which featured keynotes from the likes of Public Utilities Commission of Texas Chairman Thomas J. Gleeson, nuclear energy advocate Ray Rothrock, and international CEOs Luca Zanotti and Eugenio Madero, as well as over 100 research presentations, energy tours, a memorable evening at the world-famous Joe T. Garcia's, and so much more. 

The conference also delivered USAEE's traditional robust student-focused programming and recognized the achievements of students and senior professionals alike during the annual awards lunch:

2025 USAEE Awards

Adelman-Frankel Award
William Nordhaus
Sterling Professor Emeritus and Research Professor of Economics
Professor Emeritus of Forestry and Environmental Studies
Yale University

Senior Fellow Award
Helen Currie
Chief Economist | ConocoPhillips

Dennis J. O'Brien Best Student Paper Award
Madeline Yozwiak | Indiana University

Young Professional Best Paper Award
Kai Fischer | Vienna University of Business and Economics

Student Poster Competition
Keren-Happuch Obeku | Louisiana State University

Virtual Case Competition
Team S.Q.U.I.R.R.E.L | Carnegie Mellon University
Anna Cobb • Patrick Connor • Jillian Miles
J.P. Pieper • John Mantus

Energy Economics & Evaluation Symposium

Wednesday, January 14, 2026 | 8:00 a.m. — 7:00 p.m.
Dallas Federal Reserve Houston Branch

Kick off 2026 with a first of its kind symposium that brings together chief economists from major energy companies and Dallas Federal Reserve leaders to discuss the future of energy.

Plus, discover bold ideas from next-gen innovators in the first-ever Energython: "Molecule to Megabyte".

Explore the forces shaping the energy landscape — from economic trends and policy shifts to supply chain dynamics. Join us to uncover global energy markets, the evolution of U.S. oil and gas, and the emerging pathways transforming energy and power. A full day of sessions includes a chief economists panel moderated by USAEE President Dean Foreman.

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USAEE/IAEE Working Paper Series

The USAEE/IAEE Working Paper Series gives all members a chance to  increase the circulation, visibility, and impact of their research. If you have an unpublished research paper that addresses any aspect of energy economics or energy policy, we would like to feature your paper in this new series. There is no cost to you, only benefits:

• Place your work where it can be seen and used on a daily basis.
• Gain timely feedback from other researchers working on related topics.
• Create a permanent and searchable archive of your research output within the largest available Electronic Paper Collection serving the social sciences.
• Provide unlimited, hassle-free, public downloads of your work on demand.
• Raise your research profile, and that of the USAEE/IAEE, by joining with fellow members to establish a new energy research trademark that is unparalleled in terms of its breadth and depth of focus.
• Have a chance to win a complimentary registration to attend one of IAEE’s conferences.

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USAEE/IAEE Sessions at ASSA

Attending the 2026 ASSA Annual Meeting January 3-5 in Philadelphia? Join us Monday, January 5, for three sessions organized by USAEE/IAEE:

Household Decisions and Behavioral Energy Economics
8:00 AM - 10:00 AM (EST) | Chair: Greg Upton, Louisiana State University

Infrastructure, Environment, and Market Response
10:15 AM - 12:15 PM (EST) | Chair: Alberto Lamadrid, Lehigh University

Policy, Perception, and the Global Energy Landscape
1:00 PM - 3:00 PM (EST) | Chair: Amanda Harker Steele, Southwest Power Pool

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S&P Global:
 Analysis: Potential Market and Economic Impacts of the Constitution Pipeline

Content provided by S&P Global. For more, visit S&P Global Market Intelligence.

Recent S&P Global analysis examining the potential natural gas market, economic, and tax impacts associated with the proposed Constitution Pipeline in the U.S. Northeast estimates that the 135-mile project could generate up to $11.6 billion in total energy savings over its 15-year contract period (2028–2043), including approximately $8.5 billion in net savings after assumed cost of service.

CONSTITUTION PIPELINE MARKET IMPACT REPORT

Market Dynamics and Price Effects
The analysis finds that the Northeast continues to experience recurring natural gas price volatility, particularly during winter months when constraints on existing pipeline capacity limit access to supply. Modeling conducted for the study indicates that the addition of incremental pipeline capacity could reduce local natural gas prices by up to 6% during peak winter periods in average weather years.

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