About Us: Our People: Partners:
Randolph T. McAdams, Partner
Randy McAdams has more than 25 years of management consulting experience. For the past 21 years, he has specialized in the utility industry, with a focus on developing the plans, processes, and organization to help clients execute their strategies. Mr. McAdams has led numerous engagements throughout his career, including investor-owned, state-owned and cooperative utility operations in the United States, Canada, and Europe. He has significant experience in strategic planning, wholesale strategy development, investment risk management, organization development, business process design, information system design and implementation, change management and cost reduction. He is also deeply experienced in productivity/quality improvement programs, financial management, activity-based costing, materials management, and work management. Mr. McAdams received a B.S. in management science from Duke University and an M.B.A. from the University of North Carolina at Chapel Hill. Prior to joining ScottMadden, he was employed by Kurt Salmon Associates and Price Waterhouse.
Recent Articles and Speeches
- Opportunities for Investment in Generation, Infocast Power Forum, Washington DC, May 2006
- Enterprise Risk Management: Concepts for Managing and Mitigating Energy Industry Risks, Edison Electric Institute Risk Management Conference, Boca Raton, Florida, October 2005
- The Future of Energy Trading, 2003 Infocast Energy Forum, Washington, DC, May 2004
- Opportunities and Challenges of Cross-Border Investing, 2003 Infocast Energy Forum, New York, NY, June 2003
- Preparing for the New Paradigm: What to Expect When Retail Choice Happens, Infocast Conference: The New Rules of the Texas Power Game, Houston, Texas, June 21-23, 2000
- The New Rules of the Mid-Atlantic Power Game, Served as Chair of the Infocast Conference, Washington, DC, April 26-28, 2000
Recent Assignments
- Led the effort to develop the strategic plan for the nation’s largest public utility
- Developed a multi-year business plan for a 18,000 MW fleet of fossil-generation assets
- Led the effort to improve the long range load forecasting, capacity planning, and supply procurement processes for a 35,000 MW utility. Included in this effort was the planning processes linkage to budget, and financial planning
- Assisted the CEO of a 1.4-million customer energy delivery company with a comprehensive strategic assessment and reorganization
- Assisted the CEO of a $2 billion unregulated energy subsidiary with commercial strategy development and comprehensive reorganization
- Led the effort to develop a strategic plan for a multi-state, multi-opco electric utility
- Directed a comprehensive effort to help a $7 billion northeastern combination utility prepare for deregulation
- Assisted the CEO of a $6 billion merchant generation and trading company with a comprehensive reorganization
Developed the commodity trading strategy for a large utility company’s trading floor - Directed a comprehensive effort to help a $3 billion mid-Atlantic utility in prepare for deregulation
- Assisted the CEO of a nationwide merchant-generation construction program identify cost targets/improvement opportunities
- Performed a comprehensive benchmarking study of energy efficiency/demand-side management programs employed by utilities across the country
- Developed a contracting strategy for a utility’s $13 billion clean air and new capacity capital program
