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Program Agenda

AWEA Wind Power Finance & Investment Workshop 2006
October 4 - 5, 2006
New York City, New York

Program Chairperson: Keith Martin, Partner, Chadbourne & Parke LLP __________________________________________________________

 

Keynote Speaker - John Faso, New York Gubernatorial Candidate

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TUESDAY, OCTOBER 3

6:00 pm - 8:00 pm (Tentatively Scheduled)
Registration Open
Location: Grand Ballroom Lobby


WEDNESDAY, OCTOBER 4

7:30 am 
Registration Open & Continental Breakfast
Breakfasts and Breaks Sponsored by Suzlon Wind Energy Corp.
Location: Grand Ballroom Lobby
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8:30 am -9:00 am
Welcome & Acknowledgement of Sponsors
Randy Swisher,
Executive Director, American Wind Energy Association
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9:00 am - 9:45 am
Introduction -The Future of Wind Energy Financing
Wall Street has turned its attention in the last two years to the renewable energy market with a vengeance, and the result has been an almost continuous evolution in deal structures. Two big thinkers will talk about where further breakthroughs are possible in the future.

Program Chairperson, Keith Martin,
Partner, Chadbourne & Parke LLP

John Veech, Managing Director, Lehman Brothers
Raymond Wood, Managing Director - Energy Group, Credit Suisse

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9:45 am - 10:30 am
Wind Studies
Wind studies are key to financing projects, but how reliable are they really? One of the most prominent wind forecasters will give his view, and two consumers of wind studies with enough experience in the market to be able to speak from hindsight will comment.

Andrew Garrad, Garrad Hassan and Partners Limited
Yale Henderson,
Vice President, JP Morgan Capital Corporation
Jan Paulin, President & CEO, Padoma Wind Power, LLC - an NRG Energy Inc. company

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10:30 am – 11:00 am
Break
Location: Grand Ballroom Lobby
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11:00 am - 11:15 am
Environmental Update

Richard Cogen, Partner, Nixon Peabody LLP

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11:15 am - 12:00 pm
Debt Panel
Three bankers whose banks are among the most active in the US wind market will talk about current market terms, pricing and trends.

Moderator: Edwin Feo, Partner, Milbank, Tweed, Hadley & McCloy LLP

Jim King, Bayerische Landesbank
Chris Stolarski, Senior Vice President, Mizuho Corporate Bank Ltd.
Tony Muoser, Senior Vice President, HSH Nordbank AG

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12:00 am – 1:30 pm
Lunch
Sponsored by Suzlon Wind Energy Corp.
Location: Financial Center Ballroom

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1:30 pm - 2:00 pm
Keynote Speaker - John Faso, New York Gubernatorial Candidate
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2:00 pm - 3:00 pm
Mock Debt Negotiation

This panel will be a mock negotiation of a loan agreement for a greenfield project. The audience will be given a summary of key terms in a loan agreement. There will be two panelists acting for the lenders and two for the developer. The moderator will focus the negotiators on the 8 or 10 key issues and have them talk through what positions each side takes and what they think is current "market."


Moderator: James Tynion, Partner, Foley & Lardner LLP

Andrew Leon, Director of Global Project Finance, HVB Group Bankers
Bruno Mejean, Senior Vice President, Norddeutsche Landesbank New York
Jan Paulin, President & CEO, Padoma Wind Power, LLC - an NRG Energy Inc. company
James Peters, enXco

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3:00 pm - 3:15 pm
Real Estate Update

Edward Zaelke, Partner, Morgan, Lewis & Bockius LLP

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3:15 pm – 3:45 pm
Break
Location: Grand Ballroom Lobby

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3:45 pm -4:00 pm
Regulatory Update
Report on interconnection issues at FERC, the battle with FERC over implementation of PURPA repeal, and similar issues.

Adam Wenner, Partner, Chadbourne & Parke LLP


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4:00 pm - 4:45 pm
Legislative Outlook
Projects must be placed in service by December, 2007 to qualify for production tax credits. Will Congress extend the credit and, if so, when? The two key tax counsels in the House and Senate will answer questions, and a lobbyist for one of the major US wind companies will provide color on efforts to extend renewable energy portfolio standards at both the federal and state level.

Moderator: Keith Martin, Partner, Chadbourne & Parke LLP

Elizabeth Paris, Tax Counsel, Senate Finance Committee
John Gimigliano, Tax Counsel, House Ways and Means Committee
Richard Glick, Director, PPM Energy, Inc.
Jon Chase, Deputy Director of Legislative Affairs, American Wind Energy Association

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4:45 pm - 5:00 pm
Wrap-up Session

Program Chairperson, Keith Martin, Partner, Chadbourne & Parke LLP

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Networking Reception
Sponsored by Suzlon Wind Energy Corp.
Immediately following the program
Location: Financial Center Ballroom

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THURSDAY, OCTOBER 5

7:30 am - 8:30 am
Continental Breakfast
Sponsored by Suzlon Wind Energy Corp.
Location: Grand Ballroom Lobby

8:00 am
Registration Opens
Location: Grand Ballroom Lobby
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8:30 am - 8:45 pm
Daily Summary & Outlook

Program Chairperson, Keith Martin , Chadbourne & Parke LLP 8:45 am - 9:30 am
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8:45 am - 9:30 am
Equity Panel
Four institutional investors who have begun only recently to invest equity in wind deals will compare notes about their experiences in the market, including reaction to the IRS hold on further rulings in partnership flip deals, returns, their views of wind risk and key issues in deals.

Moderator: John Eber, Managing Director of Energy Investments, JPMorgan Capital Corporation

John C. S. Anderson, Senior Managing Director, Head, Power & Project Finance, John Hancock Financial Services
Grant Davis, Director, New York Life Investment Management LLC
Andrew Jeffries, Senior Vice President, Fortis Capital Corp.
Barry Neal, Director of Environmental Finance, Wells Fargo Bank

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9:30 am -9:45 am
Tax Update

Keith Martin, Partner, Chadbourne & Parke LLP

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9:45 am – 10:15 am
Break
Location: Grand Ballroom Lobby

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10:15 am - 11:15 am
Monetization Mock Negotiation
This panel will negotiate a hypothetical monetization transaction. The audience will be given a summary of key terms in a partnership flip transaction. There will be two panelists acting for the equity investor and two for the developer. The moderator will focus the negotiators on the 8 or 10 key issues and have them talk through what positions each side takes and what they think is current "market."

Moderator: Edward Zaelke, Partner, Morgan, Lewis & Bockius LLP

Ric Abel, Managing Director, Prudential Capital Group
Yale Henderson, Vice President, JP Morgan Capital Corporation
Tim Rosenzweig, Vice President, Finance & CFO, UPC Wind Management, LLC
Keith Martin, Partner, Chadbourne & Parke LLP

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11:15 am -12:00 pm
Advisors Panel
A panel of advisors will focus on what are the key decision points in structures. For example, it may not be a good idea have the debt at the project level in a monetization structure. What are other such rules of thumb? The panel will address three types of transactions: sales of existing projects, portfolio debt deals and greenfield monetizations.

Moderator: Jeffrey Chester, Partner, Kaye Scholer LLP

David Giordano, Director, Babcock & Brown
Martin Pasqualini, CP Energy Group, LLC
R. Lee Rigney, President, Capstar Partners LLC
Maura Schoenfeld, president, Meridian Clean Fuels

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12:00 pm – 1:15 pm
Lunch
Sponsored by Mitsubishi Power Systems, Inc.
Location: Financial Center Ballroom

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1:15 pm – 1:30 pm
Public Relations and Outreach

Christine Real de Azua, Assistant Director, Communications, American Wind Energy Association

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1:30 pm -2:15 pm
CFO Panel
Four finance officers at prominent US wind companies will talk about their greatest frustrations and biggest surprises in the deals their companies have done to date and where they think further evolution is needed in financial structures.

Moderator: Keith Martin, Partner, Chadbourne & Parke LLP

Michael Hammond, Senior Vice President, Airtricity
James Murphy
, Senior Vice President and Chief Financial Officer, Invenergy LLC
Karl E. Olsoni, Senior Vice President & Chief Financial Officer, PPM Energy, Inc.

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2:15 pm - 2:45 pm
Wrap-up Session with Questions & Answers

Program Chairperson, Keith Martin, Chadbourne & Parke LLP

 

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