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30th Annual Power and Gas M&A Symposium

Access. Insights. Opportunity.

February 14-15, 2017

Pre-Conference
February 13, 2017

Ritz-Carlton Battery Park- New York, NY

Produced by the Knowledge Center, an executive conference from S&P Global Market Intelligence

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The Power and Gas M&A Symposium will provide you critical insights into how utility mergers and acquisitions can be used to support your business’ growth strategy. Whether you're involved in utility, electric power or natural gas asset M&A transactions, the Symposium will help clarify the current state of the market and provide ideas on its future direction.

The pressure to grow means companies have continued to rely on M&A opportunities as a key part of their strategy. While regulated utility mergers have become less frequent, there remains a high level of energy asset acquisitions. Sources of activity include auctions, new business lines, master limited partnerships and alternative generation sources.

Divestiture is another strategy that drives asset level activity as companies seek to re-balance their portfolios.

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Sponsors

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Gold Sponsors

Silver Sponsors

Program Partners

Pre-Conference Workshop Sponsor

Speakers

George W. Bilicic

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

Ian C. Connor

Head, Power and Utilities, JPMorgan Chase

Christopher M. Crane

Chief Executive Officer and President, Exelon Corporation

Jeffrey R. Holzschuh

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

Darren J. Olagues

President, CLECO Power LLC

John Ramil

President and Chief Executive Officer, TECO Energy

Gary M. Rygh

Managing Director, Barclays

Joseph Sauvage

Vice Chairman, Head of Global Power, Citi

James P. Torgerson

President and Chief Executive Officer, UIL Holdings Corporation

Lloyd M. Yates

Executive Vice President, Market Solutions and President, Carolinas Region, Duke Energy


Agenda

This is the 2016 agenda. Please check back for updates for 2017.

Pre-Conference Workshop

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Day One

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9:00 am

  • Are we in a new M&A cycle or just an opportunistic moment?
  • Is sufficient value being created to support the level of premiums being paid?
  • Is natural gas the new choice for growth?
  • Where are the other future growth opportunities for the industry?
  • Do traditional utility companies expand across the value chain?
  • What are the emerging threats to industry stability?
  • What are the future business models to ensure sustained growth in an evolving market?

10:45 am

  • Models for successful M&A in a competitive environment; will future deals look different than past ones?  How is the M&A model changing?
  • How can buyers succeed in auctions?
  • How much is too much?  Valuations are high, but are they too high?
  • Obtaining regulatory approval for the deal - what is working and what is not?
  • Transaction currency; when does it make sense to use stock versus cash?
  • Regulated versus unregulated - Does it make sense for regulated utilities to pursue unregulated opportunities?  If so, when?

1:30 pm

  • What type of buyers are driving activity in this sector?
  • How are current environmental regulations impacting transactions in coal fired generation?
  • Which ISO markets are viewed the most favorably by generation owners?
  • What impact has PJM’s capacity performance product had on generation asset values and portfolio strategies, if any? 
  • What is the likely impact of the Clean Power Plan on generation asset values and investment strategies? 
  • What is the future for nuclear, and what policies are needed to support new build and continuing operation of existing plants?
  • What are the market implications of the premature retirement of nuclear facilities?

4:30 pm

  • How are low oil and gas prices affecting MLPs? 
  • Have MLPs and YieldCos changed their financing strategies in response to market conditions?
  • What will dropdown and capital markets activity look like in 2016?
  • What does the IPO pipeline for MLPs and YieldCos look like?
  • What is the overall outlook for the Yieldco structure?

Day Two

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9:00 am

  • Clean Power Plan – The impact on the power sector and the U.S. energy industry
  • What other upcoming regulatory and legislative initiatives merit the attention of industry participants and observers?
  • How does the outcome of the 2016 Presidential and Congressional elections affect the direction of energy policy and prospects for the industry?

9:45 am

  • Why hasn’t there been more activity in competitive transmission transactions? 
  • How has regulatory policy at the federal and state level impacted transmission opportunities?
  • What are the benefits and challenges of pursuing transmission opportunities through a joint venture with an incumbent utility?
  • Has the prevalence of joint ventures impacted competitive bidding for transmission projects? 
  • How are bidding strategies for competitive projects influenced by FERC’s approach to the establishment of just and reasonable rates?

11:00 am

  • Midstream companies have accounted for some of the largest energy mergers over the past several years. Who have been the most active buyers in this sector? What is the relative role of strategic buyers vs. financial players?
  • What factors have been driving midstream M&A activity?
  • What are the obstacles to achieving M&A transactions?
  • What is the outlook for M&A activity in 2016?
  • Will the MLP IPO market come back?  How will this impact midstream M&A?

12:15 pm

A panel of equity investors in the power and gas market will discuss perspectives of market activity in 2015 and an outlook of 2016.  Focus will be on identifying key trends and opportunities in the industry, such as which sectors are hot and how the current commodity and US economy cycles are impacting opportunities, as well as what drives the investors in their decision making.                              

1:15 pm

Venue & Accommodations

Venue
Ritz-Carlton Battery Park
Address
Ritz-Carlton Battery Park
Two West Street
New York, NY, US
Phone
212-344-0800

Downloads & FAQs

Formal business attire.

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. 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.

Registrant, as an individual person attending a SNL Knowledge Center conference, seminar, or other program, hereby grants permission to the SNL Knowledge Center to use and publish his or her image, likeness, or testimonials collected in connection with the program for advertising and trade purposes in connection with SNL Knowledge Center’s conferences, instructional, and/or marketing activities.

- 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

Pricing

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.


Utilities
$1,695
Regular Rate
$1,995
Date
February 14-15, 2017
Address
Ritz-Carlton Battery Park
Two West Street
New York, NY, US
Register now