| 2.55
Moderated
Q & A plenary session: Implications for the global energy industry of e-commerce Moderated by Ben Pratt, Trading Architecture and Advanced Applications, KOCH INDUSTRIES •
Assessing
how e-commerce can be profitable to an energy company |
| 3.40
Key considerations for effective transmission pricing • Identifying and implementing transmission pricing methodologies – Locational Marginal Pricing (LMP) in PJM – nodal pricing – zonal pricing in California • Setting price caps for transmission • Assessing the efficiency of OASIS (Open Access Same-time Information Service) • Evaluating the tariffs set and developed by the FERC • Profiting from the use of TCCs (Transmission Congestion Contracts) • Comparing transmission pricing under different ISOs • Measuring the impact of transmission pricing on the value of generation assets • Overcoming transmission constraints • Optimising the use of ancillary services Martin Lin Associate, Research Group ENRON CORP |
| 4.20
Evaluating the role of RTOs and ISOs • Evaluating the May 12, 1999 FERC NOPR on Regional Transmission Organisations • Determining the function of an RTO – which transmission products will it sell and at what price? • Determining priorities: unlimited access vs reserved contract paths • Redefining the role of ISOs Stephen Angle Partner HOWREY & SIMON |
| 5.00
Determining the future of transmission planning • Do we really need to plan? • Who will do the planning and who pays? • What are the future planning criteria? • Does retail access affect the process? Sam Jones Director ERCOT ISO |
| 10.55
Applying real option theory to value power plants • Understanding the optionality of assets • Synthetic generation • Applying option theory to real options – taking into account the optionality of investments • Determining profitability of thermal assets and transmission assets • Identifying appropriate valuation methodologies to value power assets • Practical example/case study Venu Nagali Research Engineer STANFORD UNIVERSITY |
| 11.35
Key considerations when buying and selling generation assets • Determining the market drivers in the move towards divestiture • Assessing the pros and cons of build vs. buy – calculating risk-reward – building around an existing infrastructure • Identifying factors impacting on the value of power plants – deregulation – regional considerations – unforeseen problems • Evaluating bidding strategies for generation assets • Analysing transactions on nuclear power plants driven by deregulation • Building the next generation of power plants – determining the impact of the growth of "distributed generation" • Analysing the impact of new technology on buying and selling generation assets • Taking into account PUCs rules about divestiture Ram Challa VP, Portfolio Valuation Group, SITHE ENERGIES |
| 12.15
INDUSTRY OPINION Mergers & acquisitions: Is bigger better? • Analysing how deregulation is driving interest in M & A • Vertical integration vs horizontal integration • Unbundling transmission – analysing how the new regulatory model is eliminating vertical integration • Assessing the competitive advantages of M & A – more freedom to price – peaking assets and baseload • Determining how M & A can be more cost-effective • Overcoming difficulties in orchestrating mergers and acquisitions – costs involved (fuel-purchasing, operating costs) Riaz Siddiqi President & CEO, CAPSTONE GLOBAL ENERGY LLC |
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Day
Two - Stream Three, 10 May 2000
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| Latest
Developments in the US Energy Industry *(Move the mouse over the description marked with a star for further details) |
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