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27th Annual Exnet Power and Gas M&A Symposium - January 2014  -  January 28-29, 2014

1:00 pm

PRE-CONFERENCE WORKSHOP - Monday, January 27

Energy Industry Update: Strategic Themes and Insights for the Power and Gas Industry

Presented in collaboration with 
ScottMadden

This interactive workshop will include discussion of such pivotal issues such as:

  • What are the Top Five Strategic Themes in the Industry today?
  • Getting past the hype – How will utility business models really evolve in response to distributed resources?
  • What are the real economic impacts of renewable, planned and unexpected?
  • How will these things stress the regulatory compact? What changes are emerging?

Bonus: Attendees will receive the latest copy of the Energy Industry Update from ScottMadden.

1:00 pm

Welcome and US Energy Utility Industry: Top Five Strategic Themes

Stuart Pearman
Partner and Energy Practice Leader
ScottMadden, Inc.
1:20 pm

Evolution of the Utility Business Model

  • What are the drivers of change and where will they be most evident?
  • How will business models evolve? How should they?
  • How should utilities respond to these forces – i.e., what do we do Monday morning?
Kevin Fitzgerald
Executive Vice President and General Counsel
Pepco Holdings, Inc.
Craig Ivey
President
Consolidated Edison Co. of New York
Cristin Lyons
Partner and Transmission, Distribution and Smart Grid Practice Leader
ScottMadden, Inc.
Camilo Serna
Vice President, Corporate Strategy
Northeast Utilities
2:30 pm

Networking Break

2:45 pm

Renewables: Impact on Industry Economics

  • What does the increasing presence of renewables mean for returns on (and of) capital? For renewables? For other assets?
  • How do the various mechanisms mesh: RPS, energy markets, capacity markets, etc.?
Rob Caldwell
Vice President, Renewable Generation Development
Duke Energy
Julia Hamm
President and CEO
Solar Electric Power
William Levis
President and COO
PSEG Power LLC
Chris Vlahoplus
Partner and Clean Tech & Sustainability Practice Leader
ScottMadden, Inc.
3:40 pm

Networking Break

4:00 pm

Evolution of the Regulatory Model

  • How will the stress points created by evolving business models and new technologies impact the regulatory compact?
  • To what degree is this compounded by flat sales and significant ongoing investments?
  • What new regulatory model innovations are emerging?
Ron Darnell
Senior Vice President, Public Policy
PNM Resources
Jeff Guldner
Senior Vice President, Customers and Regulation
Arizona Public Service Company (APS)
David M. Sparby
Senior Vice President and Group President
Xcel Energy Services
Rick Starkweather
Partner and Regulatory Practice Leader
ScottMadden, Inc.
5:00 pm

Workshop Concludes

7:30 am

DAY ONE - Tuesday, January 28

Registration opens
7:30 am

Continental Breakfast

Sponsored by 
Direct Energy
9:00 am

Views from the Top

  • What are the biggest challenges facing electric and gas utilities today?
  • How are regulatory, economic and technological changes affecting the utility business model?
  • Where will growth come from?
  • How can a company best prepare for a merger or acquisition? What is your view of what has worked and what has not?
  • Are the drivers for mergers today similar or dissimilar to those of the past?
  • Is there greater risk in transacting today vs. prior years?
  • In what direction should U.S. energy policy be moving?
Terry Bassham
CEO
Great Plains Energy
Badar Khan
President and CEO
Direct Energy
John G. Klauberg
(Moderator)
Partner
Bracewell & Giuliani LLP
Darren J. Olagues
President
CLECO Power LLC
John W. Somerhalder, II
Chairman, President and CEO
AGL Resources Inc.
Sean Trauschke
President, OG&E and Chief Financial Officer
OGE Energy Corporation
10:30 am

Networking Break

Sponsored by 
Troutman Sanders
11:00 am

Investment Banking Overview

  • What are the key drivers of consolidation in the energy industry today? What other factors are driving M&A?
  • How can M&A be incorporated into a growth strategy?
  • What segments of the industry are likely to see the most M&A activity?
  • What is the effect of cash-rich balance sheets and the current financing environment on M&A activity?
  • How would an increase in interest rates affect levels of activity and valuations?
  • 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?
  • Are “auctions” the new normal?
George W. Bilicic
Vice Chairman, Investment Banking, Global Head of Power, Energy & Infrastructure
Lazard Ltd
Jeffrey R. Holzschuh
Chairman, Institutional Securities Group
Morgan Stanley & Co., LLC
Jay D. Horine
Managing Director and Head of Investment Banking for North American Energy
JP Morgan Chase & Co.
William S. Lamb
(Moderator)
Partner
Baker Botts LLP
John Lange
Global Head, Power and Utilities Group
Barclays Capital
Joseph Sauvage
Vice Chairman, Head of Global Power
Citigroup Global Markets Ltd
12:15 pm

Luncheon and Keynote Address - Public Policy Forecast for Energy in the Current Political Climate

Rudolph W. Giuliani
Partner
Bracewell & Giuliani LLP
1:30 pm

Capturing the Value from the Deal

  • How do companies establish the right expectations for post-close operations?
  • What is necessary to design an operating model that advances the business?
  • How do companies enable the full capture of deal synergies?
  • Successful vs. unsuccessful integration
  • How do you overcome differences in culture?
  • How do companies position the transaction from a regulatory perspective?
Ronald J. DeGregorio
Senior Vice President
Exelon Power
Thomas J. Flaherty, III
(Moderator)
Senior Partner
Booz & Co.
James J. Judge
Executive Vice President and Chief Financial Officer
Northeast Utilities
Mark A. Radtke
Executive Vice President and Chief Strategy Officer
Integrys Energy Group
2:30 pm

Capitalizing on Alternative Energy Strategies

  • Is the solar production capacity overhang here to stay, or just temporary?
  • Has the game changed regarding utility-scale solar?
  • What is the outlook for wind generation and the ability to secure PPAs?
  • What is the future of the PTC and other government subsidies and what are the resulting implications?
  • Utility-owned generation vs. PPA
  • What are the principal challenges moving renewable power to load centers?
Michael J.B. Carter
(Moderator)
Director
SNL Energy
Roger Garratt
Director, Acquisition and Emerging Technologies
Puget Sound Energy
Joseph T. Kelliher
Executive Vice President, Federal Regulatory Affairs
NextEra Energy, Inc.
Marc E. Manly
Executive Vice President and President – Commercial Businesses
Duke Energy
3:30 pm

Networking Break

Sponsored by 
ANGA
3:45 pm

Developments in Electric Transmission

  • Given the level of interest in investing in electric transmission, why haven't we seen more transactional activity in this sector?
  • Why have joint ventures become popular in transmission? 
  • How have FERC Order 1000 and the recent FERC ROE cases impacted investment in transmission?
  • What is the outlook for acquisition and divestiture transactions in the transmission sector? Have joint ventures reduced the drivers for transactions?
  • Are the challenges facing utilities and non-traditional players different?
John Flynn
Executive Vice President, Strategic Planning and Project Development
American Transmission Company
John G. Klauberg
(Moderator)
Partner
Bracewell & Giuliani LLP
Michael Skelly
Founder and President
Clean Line Energy Partners
Antonio Smyth
President
Transource Energy
Jeffrey Yuknis
Chief Operating Officer
Exelon Transmission Company
5:00 pm

Shareholder Activism in the Energy Sector

  • Shareholder activism has increased significantly in the energy sector over the past few years
  • What companies have activists targeted and what have they advocated?
  • Affects on corporate strategy
  • What should companies be doing now in response to increased activism?
Arthur Crozier
Chairman
Innisfree M&A Inc.
Matthew Gibson
Co-Head of Global Power and Head of Midwest Investment Banking
Goldman Sachs
Barrett Golden
Founding Member
Joele Frank
William S. Lamb
(Moderator)
Partner
Baker Botts LLP
Jim Rossman
Managing Director and Head of Corporate Preparedness
Lazard Ltd
6:00 pm

Evening Cocktail Reception

7:30 am

DAY TWO - Wednesday, January 29

Continental breakfast open
8:45 am

Generation Capacity for Utilities, IPPs and Merchant Plants

  • How has the sustained low price of natural gas impacted valuations and transaction activity, as well as renewable generation development?
  • What is the secondary market for coal plants? What are the market implications of substantial coal retirements? What opportunities are available for coal to gas conversions?
  • How is the uncertainty around environmental regulation impacting transactions? What effect is this having on renewable generation?
  • To what extent are synergies between retail energy marketing and merchant generation driving M&A transactions? Have expected synergies been achieved?
  • Will consolidation of nuclear plant operations continue?
John Dingle
Partner
Thorndike Landing LLC
Scott Harlan
Managing Partner
Rockland Capital
Fritz Lark
(Moderator)
Partner
Bracewell & Giuliani LLP
Robert Mancini
Managing Director and Co-Head
Carlyle Power Partners
Jeremy R. McGuire
Vice President, Corporate Development
PPL Corporation
10:00 am

Networking Break

10:15 am

The Midstream Sector

  • How does the future midstream sector look compared to today's model?
  • Is there logic for utilities considering midstream participation?
  • How can utilities justify making the jump to a new sector?
  • What trends in asset transactions are bleeding over into traditional utilities?
  • How is the MLP structure positioned to survive?
  • Will the MLP structure have any application in the traditional utility businesses?
  • What are the opportunities for diversification into the sector?
Stephen Arata
Chief Financial Officer
Caiman Energy
C. Gregory Harper
Senior Vice President, Midstream
Southwestern Energy
Hillary H. Holmes
(Moderator)
Partner
Baker Botts LLP
Steven R. Jones
Managing Partner
Tudor, Pickering, Holt & Co.
11:30 am

Alternative Strategies to Traditional M&A Deals

  • What is a "virtual" merger and when is it possible?
  • Are there tangible benefits from "virtual" mergers?
  • What are the reasons compelling companies to pursue alternative strategic transactions? 
  • How do "virtual" and "full" combinations differ? 
  • Are "spins" the next dimension of deal making?
  • Is creative restructuring emerging as the "next big wave"?
Todd Jirovec
(Moderator)
Partner
Booz & Co.
Dean Keller
Head of US Power M&A
BNP Paribas Securities Corp.
Michael J. Taunton
Former Chief Financial Officer
Long Island Power Authority
Joe Todd
Managing Director, Investment Banking
Goldman Sachs
Roger Wood
Managing Director
Moelis & Co.
12:30 pm

Program Concludes with a Buffet Lunch

Stephen Arata
Chief Financial Officer, Caiman Energy
  
Terry Bassham
CEO, Great Plains Energy
  
George W. Bilicic
Vice Chairman, Investment Banking, Global Head of Power, Energy & Infrastructure, Lazard Ltd
   
Rob Caldwell
Vice President, Renewable Generation Development, Duke Energy
  
Michael J.B. Carter
Director, SNL Energy
  
Arthur Crozier
Chairman, Innisfree M&A Inc.
  
Ron Darnell
Senior Vice President, Public Policy, PNM Resources
  
Ronald J. DeGregorio
Senior Vice President, Exelon Power
  
John Dingle
Partner, Thorndike Landing LLC
   
Kevin Fitzgerald
Executive Vice President and General Counsel, Pepco Holdings, Inc.
  
Thomas J. Flaherty, III
Senior Partner, Booz & Co.
   
John Flynn
Executive Vice President, Strategic Planning and Project Development, American Transmission Company
   
Roger Garratt
Director, Acquisition and Emerging Technologies, Puget Sound Energy
  
Matthew Gibson
Co-Head of Global Power and Head of Midwest Investment Banking, Goldman Sachs
 
Rudolph W. Giuliani
Partner, Bracewell & Giuliani LLP
   
Barrett Golden
Founding Member, Joele Frank
  
Jeff Guldner
Senior Vice President, Customers and Regulation, Arizona Public Service Company (APS)
  
Julia Hamm
President and CEO, Solar Electric Power
  
Scott Harlan
Managing Partner, Rockland Capital
  
C. Gregory Harper
Senior Vice President, Midstream, Southwestern Energy
 
Hillary H. Holmes
Partner, Baker Botts LLP
 
Jeffrey R. Holzschuh
Chairman, Institutional Securities Group, Morgan Stanley & Co., LLC
   
Jay D. Horine
Managing Director and Head of Investment Banking for North American Energy, JP Morgan Chase & Co.
   
Craig Ivey
President, Consolidated Edison Co. of New York
  
Todd Jirovec
Partner, Booz & Co.
   
Steven R. Jones
Managing Partner, Tudor, Pickering, Holt & Co.
 
James J. Judge
Executive Vice President and Chief Financial Officer, Northeast Utilities
  
Dean Keller
Head of US Power M&A, BNP Paribas Securities Corp.
 
Badar Khan
President and CEO, Direct Energy
  
John G. Klauberg
Partner, Bracewell & Giuliani LLP
  
William S. Lamb
Partner, Baker Botts LLP
  
John Lange
Global Head, Power and Utilities Group, Barclays Capital
   
Fritz Lark
Partner, Bracewell & Giuliani LLP
 
William Levis
President and COO, PSEG Power LLC
  
Cristin Lyons
Partner and Transmission, Distribution and Smart Grid Practice Leader, ScottMadden, Inc.
  
Robert Mancini
Managing Director and Co-Head, Carlyle Power Partners
  
Marc E. Manly
Executive Vice President and President – Commercial Businesses, Duke Energy
  
Jeremy R. McGuire
Vice President, Corporate Development, PPL Corporation
  
Darren J. Olagues
President, CLECO Power LLC
   
Stuart Pearman
Partner and Energy Practice Leader, ScottMadden, Inc.
  
Mark A. Radtke
Executive Vice President and Chief Strategy Officer, Integrys Energy Group
   
Jim Rossman
Managing Director and Head of Corporate Preparedness, Lazard Ltd
 
Joseph Sauvage
Vice Chairman, Head of Global Power, Citigroup Global Markets Ltd
   
Camilo Serna
Vice President, Corporate Strategy, Northeast Utilities
 
Michael Skelly
Founder and President, Clean Line Energy Partners
  
Antonio Smyth
President, Transource Energy
   
John W. Somerhalder, II
Chairman, President and CEO, AGL Resources Inc.
   
David M. Sparby
Senior Vice President and Group President, Xcel Energy Services
  
Rick Starkweather
Partner and Regulatory Practice Leader, ScottMadden, Inc.
  
Michael J. Taunton
Former Chief Financial Officer, Long Island Power Authority
  
Joe Todd
Managing Director, Investment Banking, Goldman Sachs
  
Sean Trauschke
President, OG&E and Chief Financial Officer, OGE Energy Corporation
  
Chris Vlahoplus
Partner and Clean Tech & Sustainability Practice Leader, ScottMadden, Inc.
  
Roger Wood
Managing Director, Moelis & Co.
  
Jeffrey Yuknis
Chief Operating Officer, Exelon Transmission Company
  
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Event Date:
January 28-29, 2014
Event Location:
Ritz Carlton Battery Park
Two West Street
New York, NY, US
Registration Fee:
$1,795 

$1,595 for each additional registrant from the same company.

Pre-Conference Workshop: $495

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.

RegisterNow_225_trans

Attendees at the 27th Annual Exnet Power and Gas 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

Accenture
AES Corp.
AGL Resources
Alinda Capital Partners
AltaLink
Alvarez & Marsal
Ameren
American Electric Power
American Transmission Co.
AMP Capital Investors
Arizona Public Service Co.
Associated Bank
Atlantic Power Corp.
Baker Botts
Bank of America Merrill Lynch
Barclays Capital
Bentek Energy
Blackstone
BNP Paribas
Booz & Co.
Bracewell & Giuliani
Bridge Strategy Group
Brookfield Renewable Power
Caisse de depot et placement du Quebec
Calpine Corp.
Capital Power
Carlson Capital
CenterPoint Energy
Chastain Energy
Chesapeake Energy Corp.
Citigroup
Clean Line Energy Partners
ClearView Energy Partners
Cleco Corp.
CMS Energy
Cogentrix Energy
Concentric Energy Advisors
Covanta Energy
Credit Suisse
Dayton Power and Light Co.
Deutsche Asset Management
Devon Energy Corp.
Direct Energy
Dominion Resources
Duke Energy
DZ Bank
Edison Electric Institute
Edison International
Energy Future Holdings
Energy Investors Fund

Entergy
Environmental Protection Agency
EPRI
Ernst & Young
Evercore Partners
Exelon
Fidelity National Title
First Reserve
Florida Power & Light Co.
FM Global
Foley & Lardner
GDF SUEZ Energy
GE Financial Services
Goldman Sachs
Good Energies
Google
Greenberg Traurig
HBK Investments
Highstar Capital
Hunton & Williams
IFM
InfraREIT Capital Partners
Integrys Energy Group
ITC Holdings
Jefferies & Co.
JEPIC
Joele Frank Wilkinson Brimmer Katcher
JPMorgan Chase
KeyBanc Capital Markets
King & Spalding
KPMG
L.E.K. Consulting
Laclede Gas
Lakeside Energy
Lazard
Liberty Power
LIPA
Macquarie
Marubeni Power International
McGuire Woods
MDU Resources Group
MISO
Mitsui & Co. (U.S.A.)
Moelis & Co.
Montana-Dakota Utilities Co.
Morgan Stanley
National Grid
New York Power Authority
NextEra Energy
Noble Environmental Power

Nomura Securities
NRG Energy
NV Energy
Oliver Wyman
Oncor Electric Delivery
Optim Energy
Osaka Gas Energy America
PA Consulting Group
Pace Global
Pacific Gas and Electric
Perennial Power Holdings
Piedmont Natural Gas
Pinnacle West Capital
PNM Resources
PPL Corp.
PricewaterhouseCoopers
Progress Energy
PSEG
Puget Sound Energy
RBS Securities
Riverstone Holdings
Russell Reynolds Associates
San Diego Gas & Electric
Scotia Capital
Sempra Energy
Sigma Energy Solutions
Simpson Thacher & Bartlett
SNC-Lavalin Thermal Power
Southern Company
Southwest Generation
Spectra Energy
State Grid US Representative Office
Steel River Infrastructure Partners
Talon Capital
TECO Energy
Tenaska Capital Management
Tennessee Valley Authority
Thorndike Landing
Troutman Sanders
Tyr Energy
U.S. Energy Association
U.S. Senate
UBS Investment Bank
UIL Holdings
UniSource Energy 
US Power Generating Company
Vectren Corp.
Wells Fargo
WorleyParsons

Event Date:
January 28-29, 2014
Venue:
Ritz Carlton Battery Park
Two West Street
New York, NY, US
Phone:
800-241-3333
Accommodations:

A block of rooms at the Ritz-Carlton Battery Park has been reserved for this event at a special rate of $355 per night, exclusive of taxes and fees. The discounted rate is available through January 20, 2014, or until the block is filled, whichever comes first. 

Accommodations are not included as part of your registration. To reserve your room, please call the Ritz-Carlton Battery Park directly at 1-800-241-3333 and mention the 27th Annual Exnet Power and Gas M&A Symposium.

Directions to the Ritz Carlton Battery Park can be found by clicking the map below:

 Ritz Carlton Battery Park - Map


CFA Institute
Up to 12.5 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 up to 12.5 PD credits hours as granted by CFA Institute (3 hours - Jan. 27 Pre-Conference Workshop; 9.5 hours - Jan. 28-29 Symposium). 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
Up to 15 hours of CPE Credit
Participants attending this event qualify for 15 CPE credit hours, Professional Growth (3.5 hours - Jan. 27 Pre-Conference Workshop; 11.5 hours - Jan. 28-29 Symposium). 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.
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 Knowledge Center 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 Knowledge Center reserves the right to cancel/change programs, content, speakers or venue at any time. SNL Knowledge Center reserves the right to make portions of the program registration information available to program sponsors. SNL Knowledge Center 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, SNL Knowledge Center will refund the registrant's tuition in full, however SNL Knowledge Center will not be liable for incidental or consequential out of pocket expenses incurred by the registrant. If you have questions regarding SNL Knowledge Center's refund, complaint or program cancellation policy, please call us at (434) 951-7786.
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