8.30
Registration and coffee

9.00
Introduction and welcome from the chair Gary Morsches, SOUTHERN COMPANY ENERGY MARKETING LP

9.10 Keynote address:
A market practitioner’s perspective of the restructuring US energy market and implications for the future of energy trading Vince Kaminski VP, Research, ENRON CORP

9.50 Senior executive panel discussion:
CREDIT MANAGEMENT IN THE ENERGY INDUSTRY
– addressing the problems of effective credit management and creating solutions Moderated by Mark Williams, CITIZENS POWER, Mike Smith, CFO, SOUTHERN COMPANY ENERGY MARKETING LP, Randy Baker, Manager of Credit Risk, RELIANT ENERGY, David Shimko, Senior Lecturer, HARVARD BUSINESS SCHOOL, Aram Sogomonian, Chief Risk Officer, PACIFICORP

10.50
Morning break and opportunity to view software exhibition

11.20
Introduction from stream chair Vince Kaminski VP, Research, ENRON CORP

11.35
*Building the optimal forward curve Professor Craig Pirrong, OLIN SCHOOL OF BUSINESS, WASHINGTON UNIVERSITY

12.15
*Modelling power prices: obtaining an effective power price process Blake Johnson, STANFORD UNIVERSITY

12.55
Lunch sponsored by NYMEX and opportunity to view software exhibition

2.55
Choice of trouble-shooting roundtable sessions:
• Pricing electricity derivatives
• Emissions trading and the environment
• Practical implementation of VAR
• Hedging strategies and how best to implement them
• Lessons learned from the finance industry

3.05
*Optimising information to accurately price and trade electricity Gary Morsches, SOUTHERN COMPANY ENERGY MARKETING LP

3.45
Afternoon break and opportunity to view software exhibition

4.15
*Overcoming the difficulties of accurately estimating volatility Spyros Maragos, DYNEGY INC.

4.55
*Effectively estimating and applying correlation Sanjeev Khanna, PG&E ENERGY TRADING

5.35
Closing remarks from chair

5.45
COCKTAIL RECEPTION sponsored by

8.00
CONGRESS DINNER