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					REGULATORY ECONOMIST III (0209)


I.     NATURE OF WORK:

        A Regulatory Economist III is the full performance level of work performing economic
analysis of issues related to the regulatory powers of the Public Service Commission or the
Department of Health and Mental Hygiene. Employees in this class do not supervise but may
provide advice and guidance to lower level Regulatory Economists.

        Employees receive general supervision from a designated administrator. Employees may be
subject to work evenings, weekends and holidays. The work may require travel throughout
Maryland and overnight travel to other states in order to perform on-site economic analysis or to
attend conferences and training seminars.

        Regulatory Economist I, II and III are differentiated on the basis of the degree of supervisory
control exercised by the supervisor over these employees. Regulatory Economist I learns to perform
duties under close supervision. Regulatory Economist II performs duties under close supervision at
times and under general supervision at other times depending on the complexity of the specific duty
being performed. Regulatory Economist III performs the full range of duties under general
supervision.

II.    EXAMPLES OF WORK: (Examples are illustrative only)

         Conducts economic analyses and evaluations of the integrated resource plans and planning
processes of the health care industry or utility companies;
         Collects and analyzes data through personal interviews and review of utilities' Integrated
Resource Plans, review of the Certificate of Need (CON) process or the State Health Plan;
         Participates in meetings with State and federal government agencies, utilities, consultants
and interested parties on matters pertaining to interagency policy development and problem
resolution;
         Assists legal counsel in preparing cross examination questions;
         Monitors changes in federal, State and other regulations that affect health, utility planning
processes or utility operations;
         Monitors technological changes that affect health or utility planning;
         Presents the State's or Public Service Commission's position in policy meetings with health,
utility or other interested parties;
         Answers inquiries pertaining to health organizations or public service companies;
         May plan and develop data bases required to analyze the use and cost of services;
         Analyzes rate design issues for regulated utilities;
         Analyzes utility regulatory structures and markets;
         Analyzes financial issues regarding utility profitability and returns on investment;
         Analyzes utility cost allocations and cost studies;
         Prepares testimony for hearings before the Public Service Commission;
         Testifies in court and at hearings before the Public Service Commission;
         May make recommendations about cost and efficacy of supply-side and demand-side
REGULATORY ECONOMIST III                                                                    Page 2


planning measures and activities included in utilities plans;
        May assist in preparing the annual Ten Year Plan Report for the Public Service
Commission;
        May direct the use of the Multi-Objective Integrated Decision Analysis System (MIDAS)
production costing simulation model to review utilities' long and short range plans;
        May make recommendations on the financial viability of Certificate of Need proposals;
        May design methodologies for forecasting the future demand for health services;
        May prepare recommended policies to guide the future development of health services;
        May assess the impact of costs and charges for private pay, Medicaid, Health Maintenance
Organization (HMO), managed care, Blue Cross\Blue Shield, and other third party payers;
        May evaluate the impact of alternative approaches to health care services on the health care
industry;
        Performs other related duties.


III.   REQUIRED KNOWLEDGE, SKILLS AND ABILITIES:

        Knowledge of the principles of economics;
        Skill in organizing and presenting testimony;
        Skill in the use of personal computers and related software;
        Ability to learn methods involved in analyzing economic issues and developing appropriate
recommendations;
        Ability to communicate effectively;
        Ability to comprehend technical documents;
        Ability to testify in court and at public hearings;
        Ability to establish and maintain effective working relationships with State, federal and
private industry health care or public service company officials, Commissioners, attorneys, business
owners, employers, employees and the general public.


IV.    MINIMUM EDUCATION AND EXPERIENCE REQUIREMENTS:

       Education:      A bachelor's degree in Economics from an accredited college or university.

       Experience:     Three years of experience with a public service or health commission,
                       consulting organization, regulated enterprise or health organization
                       performing utility, energy policy, health services, health policy, economic or
                       econometrically based analysis.

       Notes:    1.    A master's degree in Economics, Engineering, Business, Finance,Health
                       Care Administration, Public Administration or a related discipline from an
                       accredited college or university may be substituted for one year of the
                       required experience.

                 2.    Additional experience performing utility, energy policy, health services,
                       health policy, economic or econometrically based analysis may be
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                      substituted on a year-for-year basis for the required education.


V.     LICENSES, REGISTRATIONS AND CERTIFICATES:

       Employees in this classification may be assigned duties which require the operation of a
motor vehicle. Employees assigned such duties will be required to possess a motor vehicle
operator's license valid in the State of Maryland.

DATE ADOPTED: October 1, 1996

Class specifications are broad descriptions covering groups of positions used by various State
departments and agencies. Position descriptions maintained by the using department or agency
specifically address the essential job functions of each position.


APPROVED: ___________________________________
           Director, Division of Salary Administration
            and Position Classification

				
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