Introduction: A brief recap of the evolution of the industry’s market structure, regional differences, and the next round of federal regulatory issues that impact the states.

Presenter: David Owens, Executive Vice President, Edison Electric Institute - Download Presentation

Utility CEO/Commissioner Roundtable: “The New Business
Environment for Utilities”

Introduction: This will be an opportunity for utility CEOs to discuss with regulators their current business models and the expanded set of business risks inherent in them. For the varied utility organizational structures, what are the impacts and possible resolutions for the new business risks?

Moderator: Robert Gee, President, Gee Strategies Group, LLC

Panelists:
Stephen P. Reynolds, President and CEO, Puget Energy - Download Presentation
Michael J. Chesser, Chairman and CEO, Great Plains Energy, Inc. - Download Presentation
Christopher L. Dutton, President and CEO, Green Mountain Power Corporation - Download Presentation

Lead Respondents:
Tony Clark, President, North Dakota Public Service Commission
Robert Garvin, Commissioner, Wisconsin Public Service Commission
Michael Callahan, Commissioner, Mississippi Public Service Commission

Introduction: Overview of the debt market perspectives of the industry including how the actions of state regulators impact their rating process and the unique role that credit rating agencies play in the market place.

Moderator: Susan Abbott, Managing Director, New Harbor Incorporated

Panelists:
Richard Cortright, Managing Director, Standard & Poor’s
Glen Grabelsky, Managing Director, FitchRatings
A. J. Sabatelle, Vice President, Sr. Credit Officer, Moody’s

Lead Respondents:
Rob Hurless, Chairman, Wyoming Public Service Commission
Jeff Hatch-Miller, Chairman, Arizona Corporation Commission
Mark Sidran, Chairman, Washington Utilities and Transportation Commission

The Security Analysts’ Perspectives on Regulation and the Utility Business

Introduction: Overview of the financial perspectives and unique roles that Buy & Sell Side, Fixed Income & Equity analysts play in the financial market place and how the actions of state regulators impact their decisions.

Moderator: Julie Cannell, President, J.M. Cannell, Inc.

Panelists:
Barbara J. Chapman, Senior Fixed Income Analyst, Guardian Life Insurance Co.
Steven I. Fleishman, Managing Director, Merrill Lynch
Peter D. Quinn, Vice President, Goldman Sachs
Leslie Rich, Equity Analyst, Columbia Management Group

Lead Respondents:
James Volz, Chairman, Vermont Public Service Board
Greg Jergeson, Chairman, Montana Public Service Commission
John Norris, Chairman, Iowa Utilities Board

Moderator: Don Mason, Commissioner, Public Utilities Commission of Ohio

End of Panel Day

The Role of Hedge Funds and Private Equity in the Electric Industry

Introduction: Hedge funds and private equity have established themselves as a significant presence in the utility industry. Representatives of firms with investments in the electricity industry, including generation, trading, and transmission will explore their rationale behind committing capital under their control.

Co-Moderators: Caren Byrd, Executive Director, Morgan Stanley;
John Thorndike, Vice Chairman, Investment Banking, Merrill Lynch

Panelists:
Jay Hatfield, Managing Director, Zimmer Lucas Partners
Marc Lipschultz, Partner, Kohlberg, Kravis, Roberts & Co.
Kathleen Lally, Sr. Vice President, Angelo Gordon

Lead Respondents:
Ric Campbell, Chairman, Utah Public Service Commission
Kenneth Schisler, Chairman, Maryland Public Service Commission
Carl B. Linvill, Commissioner, Nevada Public Utilities Commission

The Investment Bankers’ Perspectives on Regulation and the Utility Business

Introduction: Overview of the financial perspectives and unique role that Investment Bankers play in the market and how the actions of state regulators impact their decisions.

Moderator: Carl Seligson, Senior Advisor, K Road Management, LLC

Panelists:
S. Lane Genatowski, Managing Director, Wells Fargo Securities, LLC
Peter H. Kind, Managing Director, Global Head of Power, Banc of America Securities
Frank A. Napolitano, Managing Director & Head Global Power, Lehman Brothers

Lead Respondents:
W. Robert Keating, Commissioner, Massachusetts Department of Telecommunications and Energy
David King, Vice Chairman, New Mexico Public Regulation Commission
Robert K. Sahr, Commissioner, South Dakota Public Utilities Commission

Moderator: Denise Bode, Commissioner, Oklahoma Corporation Commission

Closing Remarks, Robert Gee, President, Gee Strategies Group, LLC

Adjournment