SNL Knowledge Center - SNL Utility Rate Case Symposium

SNL Utility Rate Case Symposium - December 2012 - December 5-6, 2012

December 5-6 • Washington, DC

Utilities’ approaches to rate cases have remained relatively consistent, while the regulatory climate has grown more adverse. Regulators are seeking more competitive returns for their stakeholders given market returns and looking for more accountability in regards to reliability.

For the 5th Annual Rate Case Symposium, we’ve brought leading subject matter experts together to present and examine the best emerging strategies for more favorable orders and decisions.

WHAT YOU’LL TAKE AWAY

Best emerging strategies for more favorable orders and decisions
Current initiatives from the Federal Energy Regulatory Commission and what they mean to your utility
The viewpoints of critical intervenors and strategies to address the challenges
An understanding of the relationship between value principles and ROE
The perspectives and concerns of credit agencies and Wall Street financial analysts toward your rate case process and outcomes

We hope to see you at the conference.

Nancy Berlin
Associate Director
SNL Center for Financial Education

SNL Utility Rate Case Symposium - December 2012 -

8:00 am

DAY ONE - Wednesday, December 5

Registration and continental breakfast open.

8:45 am

Welcome and Introductions

9:00 am

Opening Keynote Address: Strategic and Regulatory Opportunites for the Future

Scott Cisel

Former Chairman, President and CEO
Ameren Illinois

9:45 am

RRA’s Annual Review of Utility Rate Case Strategies and Outcomes

Robert Schain

Senior Vice President
Regulatory Research Associates

10:45 am

Networking break

11:00 am

S&P’s Analysis on Current Rate Case Activities

How are bond raters viewing this year’s rate case trends?
What are their major concerns?
What are their expectations of the rate case process?

Richard W. Cortright, Jr.

Managing Director, U.S. Utilities and Infrastructure Ratings Group
Standard & Poor's

12:00 pm

Luncheon Keynote Address: This Year in FERC Regulation

Philip D. Moeller

Commissioner
Federal Energy Regulatory Commission

1:30 pm

How to Apply Electricity Value Principles and Achieve Better Rate Case Results

How has value of electricity principles been used in rate case testimony?
What has been the reaction of rate case parties and commissions to this strategy?
How can value principles be extended to move the return on equity needle?

Kathleen King

Principal
Bates White Economic Consulting

Steven Mitnick

President
Build Energy America

3:00 pm

Networking break

3:30 pm

Creating the Model for the New Utility: A Case Study in Aligning Legislative Vision with Implementation of New Formula Rates

ComEd has just begun a 10-year, $2.6 billion grid modernization program, which was authorized by a historic law that was passed in 2011 by the Illinois legislature known as the Energy Infrastructure Modernization Act. However, the regulatory body that oversees ComEd's rates, the Illinois Commerce Commission (ICC), has just posed a significant challenge to the utility in issuing a ruling on October 3, 2012 that denies ComEd the ability to recover a significant portion of its planned investment for the grid (denying them roughly $100 million, annually).

Ross C. Hemphill

Vice President, Regulatory Policy and Strategy
ComEd

5:00 pm

Cocktail reception

8:30 am

DAY TWO - Thursday, December 6

Continental breakfast opens.

9:00 am

Other Stakeholder Perspectives that Challenge Rate Case Strategies

For intervenors, what were the toughest rate case challenges in 2012?
What strategies seem to most impact orders and decisions?
What new challenges are on the horizon in 2013 and beyond?

Lillian A. Federico
(Moderator)

President
Regulatory Research Associates

Sandra Mattavous-Frye

Peoples Counsel
District of Columbia

Tanya McCloskey

Acting Consumer Advocate
Pennsylvania Office of Consumer Advocate

10:00 am

Networking break

10:15 am

Financial Perspective, Strategies and Results

How are financial analysts viewing this year’s rate case trends?
What are their major concerns and expectations of the rate case process?
How can you adjust your rate case strategy to achieve best results?

Lillian A. Federico
(Moderator)

President
Regulatory Research Associates

Alan D. Felsenthal

Managing Director, Power and Utilities
PricewaterhouseCoopers

Andrew Weisel

Vice President, Equity Research
Macquarie Capital (USA), Inc.

11:00 am

Closing Keynote Address

Curt Hebert, Jr.

Member
Brunini Gratham Grower & Hewes

12:00 pm

Adjourn

SNL Utility Rate Case Symposium - December 2012 - December 5-6, 2012

Utility professionals in regulatory affairs, strategic development, corporate finance, and investor relations
State and federal regulatory commissioners and staff
Financial analysts at investment firms
Regulatory attorneys and consultants

SNL Utility Rate Case Symposium - December 2012 - December 5-6, 2012

Where is the program being held?

The venue is in Washington, DC at the Marriott at Metro Center, 775 12th St NW. For more information, please visit their website at www.marriott.com/hotels/travel/wasmc

Where should I stay?

Information about accommodations can be found under the "Venue and Accommodations" tab at left.

Where should I fly into?

The Marriott is most easily reached from Reagan National Airport (4.0 miles). Dulles airport also serves the Washington DC area and is approximately 25 miles from the venue.

What is the dress code?

Business casual

What is the cancellation policy?

Cancellations for this program are eligible for a full refund, less a $150.00 administrative fee, if received at least 15 business days prior to the start of the program. Cancellations received after that date, but at least 5 business days prior to the start of the program, receive a credit in the amount of the registration fee, less a $150.00 administrative fee, to attend another SNL Knowledge Center program within 13 months. Due to commitments and expenses, cancellations received fewer than 5 business days prior to the start of the program are not eligible for a refund or credit.

Attendee substitutions from the same company may be made at any time. For information about our refund, complaint and program cancellation policy, please go to www.snlcenter.com/RCD or call us at 434-951-7786.

SNL Utility Rate Case Symposium - December 2012 - December 5-6, 2012

Event Date:

December 5-6, 2012

Event Location:

Washington Marriott at Metro Center
775 12th St NW
Washington, DC, US

Registration Fee:

$1,495

Discounts are available for groups of three or more. Your registration includes all program work materials, continental breakfast, lunch, refreshment breaks, and the cocktail reception on Day One.

SNL Utility Rate Case Symposium - December 2012 - December 5-6, 2012

Event Date:

December 5-6, 2012

Venue:

Washington Marriott at Metro Center
775 12th St NW
Washington, DC, US

Phone:

(202) 737-2200

Website:

http://www.marriott.com/hotels/travel/wasmc-washington-marriott-at-metro-center/

Accommodations:

With so many choices available within easy distance of the Marriott, we have not established a room block at any one hotel. Instead, please note the following list of nearby hotels.

Embassy Suites DC Convention Center
900 10th Street NW
202-739-2001

The Madison Hotel
1177 15th Street NW
202-862-1600

Westin Washington DC City Center
1400 M Street NW
202-429-1700

Monaco Washington DC
700 F Street NW
(202) 628-7177

Grand Hyatt Washington
1000 H Street NW
(202) 582 1234

St. Regis Washington DC
923 16th and K Streets NW
(202) 638-2626

W Washington DC
515 15th Street NW
(202) 661-2400

Willard InterContinental Washington
1401 Pennsylvania Aveneue NW
202-628-9100

SNL Utility Rate Case Symposium - December 2012 - December 5-6, 2012

Scott Cisel
Former Chairman, President and CEO, Ameren Illinois

Richard W. Cortright, Jr.
Managing Director, U.S. Utilities and Infrastructure Ratings Group, Standard & Poor's

Richard W. Cortright, Jr. is a managing director in Standard & Poor's U.S. Utilities and Infrastructure Ratings group, and is engaged in the analysis and communication of ratings on utility credits. Richard is a principal spokesperson for Standard & Poor's in the utility sector, and leads the department's efforts in communications with state commissions, their staffs and other related entities. His responsibilities also include maintaining the quality of ratings, meeting with utility management and investors, chairing rating committees, and contributing to Standard & Poor’s publications.

For the nine years prior to his current role, he was responsible for managing several Standard & Poor's analysts and maintaining the quality of ratings in the utility sector. Before joining Standard & Poor's, Richard was with The Chase Manhattan Bank’s Global Power Group as a vice president in the public utilities division. Previously, he concentrated on utilities at Irving Trust Co. and Swiss Bank Corp.

Richard holds a B.A. in history from Swarthmore College and an M.I.A. from the Columbia University School of International Affairs.

Lillian A. Federico
President, Regulatory Research Associates

Ms. Federico is a 1987 graduate of Drew University, where she received a Bachelor of Arts Degree in Psychology/Business Management. She joined RRA immediately upon her graduation from Drew as a junior financial analyst. While employed by RRA, she was awarded an MBA in Financial Management from Pace University in 1992. She was promoted to Senior Financial Analyst in 1992, Vice President in 1995, and Senior Vice President in 1998. RRA, previously a stand-alone entity, was acquired by SNL Financial in 2005, and in July 2011, Ms. Federico was named President of RRA, which is now a division of SNL Energy. In addition to overseeing the day-to-day operations of RRA, she participates in the firm's coverage of state utility regulation (specializing in the Delaware, District of Columbia, Illinois, Maryland, New Jersey, Oklahoma, Pennsylvania, Texas, Virginia and West Virginia jurisdictions), and is a contributor to the company's equity research effort.

Alan D. Felsenthal
Managing Director, Power and Utilities, PricewaterhouseCoopers

Alan Felsenthal has more than 35 years of experience working with utilities clients on accounting matters, rate cases, and a variety of special projects. Prior to rejoining PricewaterhouseCoopers, LLP in 2010, Alan most recently was a managing director at Huron Consulting Group focusing on the utilities industry (2008-2010). Prior to that, he worked as a managing director at PwC in the utilities industry practice (2002-2008) and prior to that, rose through the ranks at Arthur Andersen LLP’s utilities and telecommunications practice (1971-2002). Education and certification: Bachelor of Science, Business Administration, University of Illinois, Urbana, Illinois; Certified Public Accountant, Illinois, Member AICPA.

Curt Hebert, Jr.
Member, Brunini Gratham Grower & Hewes

Ross C. Hemphill
Vice President, Regulatory Policy and Strategy, ComEd

Kathleen King
Principal, Bates White Economic Consulting

Sandra Mattavous-Frye
Peoples Counsel, District of Columbia

Tanya McCloskey
Acting Consumer Advocate , Pennsylvania Office of Consumer Advocate

Steven Mitnick
President, Build Energy America

Philip D. Moeller
Commissioner, Federal Energy Regulatory Commission

Robert Schain
Senior Vice President, Regulatory Research Associates

Andrew Weisel
Vice President, Equity Research, Macquarie Capital (USA), Inc.

SNL Utility Rate Case Symposium - December 2012 - December 5-6, 2012

CFA Institute
8.5 hours of Professional Development Credit
SNL Knowledge Center is registered with CFA Institute as an Approved Provider of continuing education programs. This program is eligible for 8.5 PD credit hours as granted by CFA Institute. If you are a CFA Institute member, PD credit for your attendance at this event will be automatically recorded in your PD Diary.

National Association of State Boards of Accountancy
10.5 hours of CPE Credit
Participants attending Utility Rate Cases Today qualify for 10.5 CPE credit hours (Specialized Knowledge and Applications). Program Level: Intermediate. Delivery Method: Group-Live.

SNL Knowledge Center is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 4th Ave N, Ste 700, Nashville, TN, 37219-2417. Web site: www.nasba.org.

SNL Utility Rate Case Symposium - December 2012 - December 5-6, 2012

SNL Utility Rate Case Symposium 2012 Brochure

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SNL Utility Rate Case Symposium - December 2012 - December 5-6, 2012

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