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
Steve Brown, SOUTHERN COMPANY ENERGY MARKETING LP

11.35
*Competently measuring and managing credit exposure Randy Baker, RELIANT ENERGY

12.15
*Optimising the use of C-VAR to make credit decisions Mark Williams, CITIZENS POWER

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
*Integrating market risk and credit risk
Leslie McNew, PG&E ENERGY TRADING

3.45
Afternoon break and opportunity to view software exhibition

4.15
*Impact of credit scoring on credit risk management
Frank Hilton, AMERICAN ELECTRIC POWER

4.55
*Analysing credit risk during volatile summer months
Khalid Abedin, CONSTELLATION POWER SOURCE/GOLDMAN SACHS POWER

5.35
Closing remarks from chair

5.45
COCKTAIL RECEPTION sponsored by

8.00
CONGRESS DINNER