Former FERC Director William Hederman Joins Deloitte

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Sep 21, 2010, 10:00 ET

WASHINGTON, Sept. 21 /PRNewswire/ -- Respected energy industry veteran William Hederman has joined the energy and resources industry group at Deloitte.

Hederman will apply his 25 years of energy experience to helping Deloitte's clients meet their regulatory compliance needs, capitalizing on his long track record of executive and analytic experience in the natural gas and power industries spanning both the private and public sectors.

Most notably, Hederman was recruited by the chairman of the Federal Energy Regulatory Commission (FERC) in 2002 to serve as the founding director of the agency's market oversight and investigations office, which was created in the aftermath of the failure of Enron and the electricity-shortage in California. During his tenure at the FERC, which concluded in 2005, Hederman won the agency's highest award and led a management team nominated for the national Service to America award.

"We've invested heavily in building our energy regulatory compliance capabilities, as a complement to our risk management services," said Paul Campbell, principal, Deloitte & Touche LLP and leader of its energy transacting and risk management services. "There is a significant trend towards integrating compliance management within energy companies across different regulatory requirements and internal policy. Bill will provide us with exceptional experience and market facing leadership in this area."

Hederman's other experiences include serving as Columbia Gas Transmission's vice president for business development and strategic initiatives, as well as executive director and chief operating officer of the International Energy Agency's gas technology center. In addition, he has held positions at companies and organizations that include the RAND Corporation, the U.S. Congressional Budget Office, Bell Telephone Laboratories and the Interstate Natural Gas Association of America.

Moreover, Hederman has advised executives at oil companies, pipelines operators, utilities and financial center banks on energy markets, regulation and cultural matters.

"The demands we're getting from our oil clients related to market surveillance and increased regulatory scrutiny make Bill a perfect fit for our oil and gas practice," said John England, partner, Deloitte & Touche LLP and leader of the oil and gas sector.

Hederman serves on the IEEE-USA Energy Policy Committee and is active with the Massachusetts Institute of Technology's Center for Energy and Environmental Policy Research, as well as the Harvard Electricity Policy Group. Hederman has authored many publications, including a chapter on FERC compliance and enforcement in the legal reference book Energy Law and Transactions. He is also a popular speaker at professional conferences and has addressed hundreds of events including the World Energy Congresses in Sydney and Rome, the World Gas Conference and the World Energy Council's conference on large scale power failures.

Hederman earned a bachelor's degree in electrical engineering from the University of Notre Dame and a master's degree in electrical engineering from the Massachusetts Institute of Technology. He also holds a public policy degree from the University of California, Berkeley.

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SOURCE Deloitte