December 2002 Conference
December 12, 2002
Energy Market at the Crossroads
The electricity industry is currently undergoing a period of regulatory and structural transition accompanied by considerable financial distress. This workshop examines the design of competitive electricity markets and the requirements for a financially viable and efficient electricity supply industry.
Topics Include:
- Market design and industry financial performance
- Risk assessment in the new industry environment
- Fate of the integrated utility
- Regional planning issues
- Concerns of state regulators
Agenda
8:30 am Keynote Address Scott Pearl, Credit Suisse First Boston
9:15 am Market Design and Performance: A Wall Street Perspective
- How will market design affect the financial health of the industry?
- What are the market design flaws and what should be done about them?
- Risk assessment in the new industry environment
- Is there a capacity glut and how long will it last?
- What is the appropriate business model for firms in the new energy industry?
- What is the fate of the integrated utility?
- What is the role of the Independent Power Producer?
Moderator: *Kevin Wright, Chairman, Illinois Commerce Commission
- Speakers:
- *Peter Rigby, Standard and Poor’s
- *Larry Alberts, American Express
10:00 am Morning Break
10:15 am Market Design and Performance: An Industry Perspective
- How will market design affect the financial health of the industry?
- What are the market design flaws and what should be done about them?
- Risk assessment in the new industry environment
- Is there a capacity glut and how long will it last?
- What is the appropriate business model for firms in the new energy industry?
- What is the fate of the integrated utility?
- What is the role of the Independent Power Producer?
Moderator: *Mary Frances Squires, Illinois Commerce Commission
- Speakers:
- *Vito Stagliano, Calpine
- *Larry Oliva, Navigant Consulting
- Philip O’Connor, Constellation New Energy, Inc.
11:00 am Roundtable Discussion
Moderator: Karl McDermott, NERA
- Panelists:
- Morning Speakers
12:00 pm Luncheon and Address – Representative Novak
1:30 pm Wholesale Market Design – Where are We and Where are We Headed?
- A federal regulator’s view of the industry
- Market power monitoring and mitigation
- Alternatives for congestion management
- Integrating real time and day ahead markets
- Assuring generation adequacy
Moderator: Terry Harvill, Illinois Commerce Commission
- Speakers:
- Lisa Carter, Federal Energy Regulatory Commission
- *Ken Rose, NRRI
- *Stan Wise, Commissioner, Georgia Public Service Commission
2:45 pm Afternoon Break
3:00 pm Managing Multiple RTOs within State Boundaries
- MISO-PJM-SPP single market design
- Jurisdictional issues
- Transmission expansion issues
- Regional planning issues
- Interconnection issues
Moderator: Scott Wiseman, Illinois Commerce Commission
- Speakers:
- Kenneth Laughlin, PJM
- *Doug Taylor Midwest ISO
- *Gary Gillis, Commissioner, Kentucky Public Service Commission
4:15 pm Close