Senior Vice President Jonathan Neuberger and Senior Economist Manny Macatangay’s testimony cited by judge in nuclear power contract suit.

Senior Vice President Jonathan Neuberger and Senior Economist Manny Macatangay recently testified on behalf of the defendant in Indiana Michigan Power Co. vs. United States of America at trial in the US Court of Federal Claims in Washington DC. On behalf of the relevant government agency, the US Department of Energy, Dr. Neuberger, who was the government’s key expert, testified with respect to past and future damages claims arising from contract breach, and Dr. Macatangay testified with respect to long-term energy market forecasts as well as empirical methods for energy market analysis. In a decision filed May 21, 2004, US Court of Federal Claims Judge Robert H. Hodges, Jr. ruled that plaintiff’s claims for damages over the relevant past period are unfounded, and that plaintiff’s claims for future damages are disallowed.