SNL Knowledge Center - SNL Exnet Power and Utilities M& A Symposium

SNL Exnet Power and Utilities M&A Symposium - January 2013 - January 29-30, 2013

January 29-30, 2013 | New York, NY

(Pre-conference workshop on January 28 - Designing a Transaction. See agenda section.)

Presented by

In collaboration with

This year, at the 26th Annual SNL Exnet Power and Utilities M&A Symposium, we are expanding the conversation. You will want to be on hand as we examine how changes in the value chain are affecting growth strategies.

We intend to fully illuminate the financial and regulatory forces influencing transactions and growth in the sector. Join your colleagues -- industry executives, strategic advisors, and deal stakeholders -- as we discuss:

The capital markets’ perspective on the benefits, constraints and valuations affecting M&A, and the strategic point of view of senior power and utility executives
What M&A looks like in today’s environment and where it falls among the strategies for achieving earnings growth and managing capital
The thorny issue of fuel mix as a driver of acquisitions and divestitures
M&A due diligence and the forward expectations that will drive your transaction decisions
The opportunities in transmission you should take into account when thinking about power asset valuation
How energy policy is likely to evolve during President Obama’s second term

What Attendees Say

"Gets to the heart of the issues quickly"
"A great use of time. Good networking and information in just a day and a half"
"Relevant information from multiple perspectives"

Venue

In 2013, we'll once again be at the Ritz-Carlton Battery Park in New York. With its striking views over New York Harbor, Ellis Island and the monumental Statue of Liberty, the Ritz-Carlton offers a superlative cosmopolitan experience, conveniently located in downtown Manhattan.

UMA Homepage Venue Image

Please join us at this unique gathering and enjoy the opportunity to meet with colleagues, clients, and advisors in a collegial, content-rich atmosphere.

We look forward to seeing you.

Michael J.B. Carter

Director
SNL Energy

Gregory W. Gartland
Managing Director
SNL Knowledge Center

Sponsors


Media Partner

SNL Exnet Power and Utilities M&A Symposium - January 2013 -

1:00 pm

PRE-CONFERENCE WORKSHOP:Anatomy of a Deal- Monday, January 28

Getting to the Announcement - Working in a Confidential Environment

Identifying and screening targets
Organizing for diligence and analysis
Managing through extended negotiations
Measuring value potential
Assessing potential restrictions
Structuring the transaction
The public roll-out

Panel Discussion - Lessons from the Front

Getting to Closing - Mobilizing Your Organization

Finalizing the regulatory strategy
Preparing the approval filings
Understanding the "gives and gets"
Mitigating potential constraints
Getting comfortable with conditions
Designing the integration process

After the Closing

Managing after the close
Aligning integration with operations
Establishing expectations and targets
Measuring progress against plans
Incenting to achieve planned outcomes
Finishing the integration process

Q&A Session

5:00 pm

Pre-conference workshop concludes

7:30 am

DAY ONE - Tuesday, January 29

Registration and continental breakfast open.

Please note: Additional speakers are in the process of confirming their participation for this event.

8:30 am

Opening Remarks

Michael J.B. Carter

Director
SNL Energy

Gregory W. Gartland

Managing Director
SNL Knowledge Center

8:45 am

Keynote Address

Rudolph W. Giuliani

Partner
Bracewell & Giuliani LLP

9:30 am

Investment Banking Overview

Moderated by William S. Lamb, Partner, Baker Botts LLP

What are the principal factors impacting energy M&A today?
Is consolidation still a key driver or are asset level transactions going to be the new paradigm?
Will the currency mix (cash or stock) for financing deals shift in the near future?
Are we entering an era where prior acquirers are ready to “harvest” properties?
Which segments of the industry are likely to see the most M&A activity?
What are the effects of cash-rich balance sheets and the current financing environment on M&A activity?
What are the key political and regulatory barriers to M&A activity in this sector?
Are the investment “deadlines” of private equity likely to stimulate activity?

George W. Bilicic

Vice Chairman, Investment Banking, Global Head of Power, Energy & Infrastructure
Lazard Ltd

Jeffrey R. Holzschuh

Chairman, Institutional Securities Group, Chairman
Morgan Stanley & Co., LLC

Jay D. Horine

Managing Director, Head of U.S. Power & Utilities Investment Banking
JP Morgan Securities

John Lange

Global Head, Power and Utilities Group
Barclays Capital

Joseph Sauvage

Vice Chairman and Co-Head, Power
Citigroup Global Markets Ltd

10:45 am

Networking Break

11:00 am

Views from the Top

Moderated by John G. Klauberg, Partner, Bracewell & Giuliani LLP

What are the biggest challenges facing electric and gas utilities today?
What policies would enhance the industry's willingness to pursue growth?
How risk tolerant are Boards regarding growth options and pay-back?
What is currently driving M&A activity in the industry
How have sustained low natural gas prices and the shale gas boom impacted current and future business strategies?
Where is U.S. energy policy headed?

Ralph Izzo

Chairman, President and CEO
Public Service Enterprise Group Inc

James E. Rogers

Chairman, President and CEO
Duke Energy

John W. Somerhalder, II

Chairman, President and CEO
AGL Resources Inc.

Bruce A. Williamson

President and CEO
Cleco Corporation

12:15 pm

Luncheon

Luncheon Address

Gina McCarthy

Assistant Administrator, Office of Air and Radiation
Environmental Protection Agency

1:45 pm

Strategic Growth for Regulated Utilities

Moderated by Thomas J. Flaherty, III, Senior Partner, Booz & Co.

What are the principal strategic alternatives for achieving growth?
Are there enough good "ideas" that can generate meaningful growth outcomes?
How do the risks and opportunities of alternative growth strategies compare with M&A?
When does M&A present the best alternative for achieving earnings growth and addressing capital expenditure requirements?
How does the increased size of U.S. utilities affect the viability of future transactions?
What are the implications of the low interest rate environment on transactions?
How are regulatory concerns and social issues currently impacting consideration of M&A transactions?

Raffiq Nathoo

Senior Managing Director
Blackstone

Darren J. Olagues

Senior Vice President and Chief Financial Officer
Cleco Support Group LLC

Mark A. Radtke

Executive Vice President and Chief Strategy Officer
Integrys Energy Group

Bertrand A. Valdman

Senior Vice President, Strategic Planning
Edison International

3:00 pm

Networking Break

Shale Gas: The "Game Changer"

Moderated by G. Alan Rafte, Partner, Bracewell & Giuliani LLP

What are the drivers underlying the strong M&A activity in this sector?
Will there be increases in foreign ownership through cross border acquisitions and joint ventures?
Will CFIUS and national security interests stifle activity?
What are the principal financing structures for shale gas transactions?
How do acquisition and development funding differ in this sector?
What are the largest uncertainties to continued shale gas development and production levels?
How will developments in fracking regulation likely impact M&A activity and valuations?
How does shale gas impact the market for coal asset divestitures?

Jeff A. Agosta

Executive Vice President and Chief Financial Officer
Devon Energy

Badar Khan

President, Upstream & Trading
Direct Energy

William A. Marko

Managing Director
Jefferies & Co.

Jeffrey L. Mobley

SVP, Investor Relations & Research
Chesapeake Energy Corporation

4:30 pm

Pipeline and MLP Developments

Moderated by Laura Tyson, Partner, Baker Botts LLP

How are changes in traditional pipeline flows and new shale capacity driving investment in infrastructure?
How are private equity funds participating in this sector?
Can companies meaningfully grow given the concentration and scale that presently exists?
How have MLPs been impacted by the long-term low interest rate environment?
What new types of asset classes have been attracted to the MLP structure?
What will be the effect of future legislative focus?

William C. Bousquette, Jr.

Head of Midstream Energy Banking
Goldman Sachs & Co.

C. Gregory Harper

Senior Vice President and Group President
Centerpoint Energy Pipelines and Field Services

William T. Yardley

President, U.S. Operations
Spectra Energy

5:30 pm

Evening Cocktail Reception

7:30 am

DAY TWO - Wednesday, January 30

Continental breakfast opens.

8:30 am

Generation Capacity for Utilities, IPPs and Merchant Plants

Moderated by Todd Jirovec, Partner, Booz & Co.

Is the industry adequately focused on new baseload generation to replace future retirements?
How has the sustained low price of natural gas affected valuations and transaction activity?
How strong is the secondary market for coal plants?
How is the uncertainty around environmental regulation affecting transactions?
Will consolidation of nuclear operators continue?
How are developments in capacity markets affecting generation asset valuations?
What are some of the valuation implications of forward capacity markets in Texas and California?
What are the prospects for renewable generation?

Richard Bates

Chief Development Officer and Managing Director, M&A
Duke Energy Corporation

John Dingle

Partner
Thorndike Landing LLC

Jeremy Fago

Principal, US Power and Utilities Valuation Services Leader
PricewaterhouseCoopers LLP

John J. Reed

Chief Executive Officer
Concentric Energy Advisors, Inc

Stephen Schaefer

Partner
Riverstone Holdings LLC

9:45 am

Networking Break

10:00 am

Opportunities in Electric Transmission

Moderated by John G. Klauberg, Partner, Bracewell & Giuliani LLP

What does the landscape look like for large cross tie merchant projects?
Are there sufficient projects to support the number of transmission-focused competitors?
With increasing focus on electrical efficiency on electric grids, are there opportunities for cooperation between utilities to achieve efficiency goals?
With the long lead times on large scale merchant projects, what are the predominant financing structures available?
What are the opportunities from changing inter and intra- regional generation patterns resulting from coal retirements and gas new builds?
What are the opportunities from changing inter and intra- regional generation patterns resulting from coal retirements and gas new builds? How will FERC Order 1000 impact the transaction landscape?

Lisa Barton

Executive Vice President, Transmission
American Electric Power Co.

John Flynn

EVP, Strategic Planning & Project Development
American Transmission Company

Paul J. Halas

Managing Director and General Counsel
GE Energy Financial Services

Andrew E. Schroeder

Senior Partner
Energy Investors Fund

11:15 am

Networking Break

11:30 am

Public Policy Forecast for Energy in the Current Political Climate

Moderated by William S. Lamb, Partner, Baker Botts LLP

How will this administration's policies affect the overall energy M&A climate?
Will the administration's policies on renewable generation sources noticeably change the current landscape?
What are the implications of current energy policies on national security and foreign policy?
How will the policies of this administration affect fuel diversity and reliability?
Will the administration be able to balance acceptable environmental regulation with long run economic growth?
Who will be the energy winners and losers over the next four years?

Patrick J. McCormick III

Republican Chief Counsel, Committee on Energy and Natural Resources
US Senate

Scott H. Segal

Partner and Head, Energy Policy Group
Bracewell & Giuliani LLP

Christine Tezak

Managing Director, Research
ClearView Energy Partners, LLC

12:15 pm

End of Conference

12:30 pm

Lunch Buffet

SNL Exnet Power and Utilities M&A Symposium - January 2013 - January 29-30, 2013

Attendees at the SNL Exnet Utility M&A Symposium include:

Senior-level executives at utilities and merchant generators
Investment banking professionals
Industry regulators
Asset managers and analysts
Private equity and sovereign fund investors
Legal and management advisors to the industry

SNL Exnet Power and Utilities M&A Symposium - January 2013 - January 29-30, 2013

What is the dress code?
Formal business attire.

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 CFE program within 13 months. Due to expenses and commitments, 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.

In the event of a cancellation from a group discount, refunds or credits are issued beginning with the most heavily discounted price, minus a $150.00 administration fee.

"No shows" - or those who cancel within 15 days of the program - and have registered under the Invoice option, remain liable for the full program fee.

SNL Center for Financial Education reserves the right to cancel/change programs, content, speakers or venue at any time. SNL CFE reserves the right to make portions of the program registration information available to program sponsors. SNL CFE will not be held liable for any costs incurred by registrant due to individual registration cancellation. In the event that a seminar is cancelled due to inclement weather, faculty cancellation or force majeure, CFE will refund the registrant's tuition in full, however CFE will not be liable for incidental or consequential out of pocket expenses incurred by the registrant. If you have questions regarding SNL CFE's refund, complaint or program cancellation policy, please call us at (434) 951-7786.

SNL Exnet Power and Utilities M&A Symposium - January 2013 - January 29-30, 2013

Event Date:

January 29-30, 2013

Event Location:

The Ritz-Carlton Battery Park
2 West Street
New York, NY, US

Registration Fee:

$1,795 $1,595 Each additional registrant $1,495 State and Federal agencies $495 Pre-conference seminar on January 28

Your registration includes all conference materials, continental breakfast and lunch both days, and the evening cocktail reception at the end of Day One. Registration for just the pre-conference workshop covers that day's activities only.

SNL Exnet Power and Utilities M&A Symposium - January 2013 - January 29-30, 2013

Event Date:

January 29-30, 2013

Venue:

The Ritz-Carlton Battery Park
2 West Street
New York, NY, US

Phone:

800-241-3333

Website:

http://www.ritzcarlton.com/en/Properties/NewYorkBatteryPark/Default.htm

Accommodations:

A block of rooms at the Ritz-Carlton has been reserved for for program attendees at a special rate of $325 per night, exclusive of taxes and fees. The discount rate is available through Thursday, January 17, 2013 or until the block is filled, whichever comes first.

To reserve your room, please call the Ritz-Carlton directly at 800-241-3333 and mention the SNL Exnet M&A Symposium.

SNL Exnet Power and Utilities M&A Symposium - January 2013 - January 29-30, 2013

Jeff A. Agosta
Executive Vice President and Chief Financial Officer, Devon Energy

Lisa Barton
Executive Vice President, Transmission, American Electric Power Co.

Richard Bates
Chief Development Officer and Managing Director, M&A, Duke Energy Corporation

George W. Bilicic
Vice Chairman, Investment Banking, Global Head of Power, Energy & Infrastructure, Lazard Ltd

William C. Bousquette, Jr.
Head of Midstream Energy Banking, Goldman Sachs & Co.

Michael J.B. Carter
Director, SNL Energy

John Dingle
Partner, Thorndike Landing LLC

Jeremy Fago
Principal, US Power and Utilities Valuation Services Leader , PricewaterhouseCoopers LLP

Thomas J. Flaherty, III
Senior Partner, Booz & Co.

John Flynn
EVP, Strategic Planning & Project Development, American Transmission Company

Gregory W. Gartland
Managing Director, SNL Knowledge Center

Rudolph W. Giuliani
Partner, Bracewell & Giuliani LLP

Paul J. Halas
Managing Director and General Counsel, GE Energy Financial Services

C. Gregory Harper
Senior Vice President and Group President, Centerpoint Energy Pipelines and Field Services

Jeffrey R. Holzschuh
Chairman, Institutional Securities Group, Chairman, Morgan Stanley & Co., LLC

Jay D. Horine
Managing Director, Head of U.S. Power & Utilities Investment Banking, JP Morgan Securities

Ralph Izzo
Chairman, President and CEO, Public Service Enterprise Group Inc

Todd Jirovec
Partner, Booz & Company

Badar Khan
President, Upstream & Trading, Direct Energy

John Klauberg
Partner, Bracewell & Giuliani LLP

William S. Lamb
Partner, Baker Botts LLP

John Lange
Global Head, Power and Utilities Group, Barclays Capital

R. Scott Mahoney
Vice President, General Counsel and Secretary, Iberdrola Management Corp.

William A. Marko
Managing Director, Jefferies & Co.

Patrick J. McCormick III
Republican Chief Counsel, Committee on Energy and Natural Resources, US Senate

Jeffrey L. Mobley
SVP, Investor Relations & Research, Chesapeake Energy Corporation

Raffiq Nathoo
Senior Managing Director, Blackstone

Darren J. Olagues
Senior Vice President and Chief Financial Officer, Cleco Support Group LLC

Mark A. Radtke
Executive Vice President and Chief Strategy Officer, Integrys Energy Group

G. Alan Rafte
Partner, Bracewell & Giuliani LLP

John J. Reed
Chief Executive Officer, Concentric Energy Advisors, Inc

James E. Rogers
Chairman, President and CEO, Duke Energy

Joseph Sauvage
Vice Chairman and Co-Head, Power, Citigroup Global Markets Ltd

Stephen Schaefer
Partner, Riverstone Holdings LLC

Andrew E. Schroeder
Senior Partner, Energy Investors Fund

Scott H. Segal
Partner and Head, Energy Policy Group, Bracewell & Giuliani LLP

John W. Somerhalder, II
Chairman, President and CEO, AGL Resources Inc.

Christine Tezak
Managing Director, Research, ClearView Energy Partners, LLC

Laura Tyson
Partner, Baker Botts, LLP

Bertrand A. Valdman
Senior Vice President, Strategic Planning, Edison International

Bruce A. Williamson
President and CEO, Cleco Corporation

William T. Yardley
President, U.S. Operations, Spectra Energy

SNL Exnet Power and Utilities M&A Symposium - January 2013 - January 29-30, 2013

CFA Institute
9.5 Hours of Professional Development Credit
SNL Knowledge Center is registered with CFA Institute as an Approved Provider of professional development programs. This program is eligible for 9.5 PD credits hours as granted by CFA Institute. If you are a CFA Institute member, PD credit for you attendance at this event will be automatically recorded in your PD Diary upon request.

National Association of State Boards of Accountancy
11.5 hours of CPE Credit
Participants attending the SNL EXNET Annual Power and Utilities M&A Symposium qualify for 11.5 CPE credit hours (Professional Growth). Program Level: Overview; Update. Delivery Method: Group-Live. Advance Preparation: None. Requisite Knowledge and Experience: None. 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 Exnet Power and Utilities M&A Symposium - January 2013 - January 29-30, 2013

2013 Brochure - SNL Exnet M&A Symposium

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2012 Brochure - SNL Exnet M&A Symposium

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SNL Exnet Power and Utilities M&A Symposium - January 2013 - January 29-30, 2013

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SNL Exnet Power and Utilities M&A Symposium - January 2013 - January 29-30, 2013

January 29-30, 2013 | New York, NY

What Attendees Say

Venue

Sponsors

Media Partner

SNL Exnet Power and Utilities M&A Symposium - January 2013 -

PRE-CONFERENCE WORKSHOP:Anatomy of a Deal- Monday, January 28

Pre-conference workshop concludes

DAY ONE - Tuesday, January 29

Opening Remarks

Keynote Address

Investment Banking Overview

Networking Break

Views from the Top

Luncheon

Luncheon Address

Strategic Growth for Regulated Utilities

Networking Break

Shale Gas: The "Game Changer"

Pipeline and MLP Developments

Evening Cocktail Reception

DAY TWO - Wednesday, January 30

Generation Capacity for Utilities, IPPs and Merchant Plants

Networking Break

Opportunities in Electric Transmission

Networking Break

Public Policy Forecast for Energy in the Current Political Climate

End of Conference

Lunch Buffet

SNL Exnet Power and Utilities M&A Symposium - January 2013 - January 29-30, 2013

SNL Exnet Power and Utilities M&A Symposium - January 2013 - January 29-30, 2013

SNL Exnet Power and Utilities M&A Symposium - January 2013 - January 29-30, 2013

SNL Exnet Power and Utilities M&A Symposium - January 2013 - January 29-30, 2013

SNL Exnet Power and Utilities M&A Symposium - January 2013 - January 29-30, 2013

SNL Exnet Power and Utilities M&A Symposium - January 2013 - January 29-30, 2013

SNL Exnet Power and Utilities M&A Symposium - January 2013 - January 29-30, 2013

SNL Exnet Power and Utilities M&A Symposium - January 2013 - January 29-30, 2013

SNL Exnet Power and Utilities M&A Symposium - January 2013 - January 29-30, 2013