September 1997 Conference

Agenda

8:00 Registration and Continental Breakfast

8:30 Welcome and Opening Remarks Lon Carlson/George Gross

8:35 Session I. Electricity Restructuring in Illinois: The View from the House

Rep. Douglas Scott, House Committee on Electric Utility Deregulation

This session will review the legislative debate on electric industry restructuring in Illinois and examine the prospects for the passage of open access legislation.

9:15 Session II. Infrastructure Prerequisites for Direct Access

This session will address institutional arrangements and procedural issues that are critical to the successful implementation of direct access.

• Defining the structures and mechanisms needed to implement open access
• Establishing a truly autonomous Independent System Operator
• Responsibilities of the Independent System Operator
• Responsibility for forecasting, scheduling, balancing and tracking
• Responsibility for settlements and billing
• Interfacing with other entities
• Metering and informational requirements

Moderator: Hon. Harold Crumpton, Commissioner, Missouri Public Service Commission

Panel:
• Brent Gale, Vice President and General Counsel, MidAmerican Energy Company
• Paul McCoy, Vice President, Commonwealth Edison
• Charles G. Stalon, Governor's Advisory Panel

10:45 Break

11:00 Session III. Impacts of Restructuring on Small Consumers

This session considers the impact of open access on small consumers and examines alternative approaches to funding universal service and other social programs in a competitive market environment.

• Feasibility of a true competitive marketplace for small consumers
• Metering vs. Load-profiling
• Consumer education
• Consumer protection
• Funding universal service in a competitive environment
• Disconnection policies

Moderator: Jim Monk, President, Illinois Energy Association

Panelists:
• Bobby Bennet, Energy Specialist, National Information and Training Center
• Martin Cohen, Executive Director, Citizens Utility Board
• Hon. Dan Miller, Chair, Illinois Commerce Commission

12:15 Luncheon and Address - Electricity Restructuring in Illinois: The View from the Senate

Sen. William Mahar, Chair, Senate Environment and Energy Committee

1:45 Session IV. Securitization

This session deals with issues surrounding the securitization of utility stranded assets.

• What is securitization?
• The role of securitization in the transition to a deregulated environment
• Accounting, tax, and legal issues
• Securitization plans in other states

Moderator: Hon. Daniel Eastman, Commissioner, Wisconsin Public Service Commission

Panelists:
• Larry Altenbaumer, Senior Vice President & CFO, Illinois Power Co.
• Rich Boughrum, Vice President, Investment Banking Division, Goldman, Sachs & Co.
• Ken Rose, Senior Institute Economist, National Regulatory Research Institute

3:00 Break

3:15 Session V. Designing and Developing Delivery Service Tariffs

This session examines the development of unbundled rates for delivery service in an open access retail market.

• Pricing distribution service within legislative restructuring guidelines
• Delivery pricing options
• Demarcating transmission and distribution service
• Interjurisdictional cost allocation conflicts
• How will transmission congestion costs be charged and allocated?
• Defining and pricing transmission rights
• Pricing ancillary services

Moderator: David Vite, President, Illinois Retail Merchants Association

Panelists:
• Hon. Karl McDermott, Commissioner, Illinois Commerce Commission
• Jim Steffes, Director of Government Affairs, ENRON Corp.

4:30 Close