The Great Lakes Zephyr - Wind Energy & Hydrogen Journal

The American Wind Energy Association
is pleased to announce a detailed workshop agenda for its
WIND POWER FINANCE & INVESTMENT WORKSHOP
September 28-29, 2004
New York Marriott Financial Center
New York City, New York
www.awea.org/seminars

"Investing in Wind Power: An In-Depth Look at Today's Market Challenges and Tomorrow's Opportunities"

The American Wind Energy Association presents an informative two-day workshop designed to provide the financial community and wind energy developers a comprehensive and advanced review of key issues related to financing wind energy projects.

Workshop participants will hear from policy makers and experts from the wind energy and finance communities on current state and federal policy, technology review, wind assessment, equity structures, debt financing, market price and other risk issues. The workshop will also help participants identify key considerations and structures used to leverage and invest in U.S. wind power projects today.

Workshop Agenda

Tuesday, September 28:

7:30 - 8:30 am: Registration & Continental Breakfast

8:30 - 10:30 am: Concurrent Sessions

WIND 101 - This workshop is designed for those that are new to the Wind Energy Sector. This session will provide a comprehensive introduction to the fundamentals of utility-scale wind energy. It is highly suggested that those not familiar with wind financing attend this session as a primer for the topics to be covered during the remainder of the workshop.
Speakers to include: Robert Poore and Steve Jones from Global Energy Concepts LLC, and Michael Davies from FreeStream Capital Partners Limited. The following subjects will be addressed:
Industry / Market
Technology
Development Issues
Wind Resource / Energy Production
Economics
Transmission Policies & Regulations - This session will provide an overview of evolving electric market rules and how they influence development of the market for wind, transmission access and how it is secured for wind projects and a look at the changes in the Federal Energy Regulatory Commission (FERC) policies and guidelines. This session is designed for those that want to gain a better understanding of the wholesale markets for electricity and the important role that FERC and regional independent system operators play in the development of the U.S. wind industry. Speakers to include: Chris Ellison from Ellison, Schneider & Harris, Jim Caldwell from PPM Energy, Rob Gramlich from Federal Energy Regulatory Commission, Michael Hornstein from Orrick, Herrington & Sutcliffe LLP, and William Massey from Covington & Burling.

10:45 am - 12:00 pm: Continued Concurrent Sessions (continued)

WIND 101 (continued)
Bringing Environmental and Other Issues into Perspective - Speakers to include: Mike Azeka from SeaWest Windpower, Inc. - California, Sam Enfield from Atlantic Renewable Energy Corp - Maryland., and George Rusk, Ecology & Environment Inc. (invited)

Transmission Policies & Regulations (continued)

12:00 - 1:00 pm: Lunch

1:00 - 1:30 pm: Keynote Speaker (TBA)

1:30 - 3:00 pm: Policy Impacts on Wind Financing - Speaker to include: Edwin Ing from Law Office of Edwin T.C. Ing. and Shirley Neff, Goldwyn International Strategies, LLC (invited). An additional speaker to be announced.
The following subjects will be addressed:
Federal Policy
Overview of State Programs
Overlapping Tax Incentives Issues
3:30 - 4:45 pm: Technical / Wind Issues - Speakers to include: Bruce Bailey from AWS Truewind, Adam Schwarz from Garrad Hassan America Inc., and Bill Windle from Suisse Re.

4:45 - 6:00 pm: Monetizing Green Attributes (Sale of Green Tags) - Speakers to include: Brent Alderfer from Community Energy Inc., Jeffrey Chester, Kaye Scholer LLP, and Ed Holt from Ed Holt & Associates Inc.

6:00 - 7:00 pm: Networking Reception, sponsored by Morgan Lewis & Bockius

Wednesday, September 29:

8:00 - 8:30 am: Continental Breakfast

8:30 - 9:45 am: Contractual Issues - Speakers to include: Robert Gates from GE Energy, Barrett Stambler from PPM Energy Inc., and Edward Zaelke from Morgan Lewis & Bockius. The following subjects will be addressed:

Offtaker Agreements
Turbine Supply Agreements & Warranties

10:15 am - 12:15 pm: Debt Issues - Speakers to include: Shane Bush from ANZ Banking Group Ltd., Terry Pratt from Standard & Poor's, William Sutherland from Manulife Financial Corporation, and a representative from Fortis Capital Corporation.

12:15 - 1:30 pm: Lunch, sponsored by Milbank, Tweed, Hadley & McCloy LLP

1:30 - 3:30 pm: Equity Structuring & Modeling - Speakers to include: Hunter Armistead from Babcock and Brown, John Eber from Banc One Capital Corporation, Edwin Feo from Milbank, Tweed, Hadley & McCloy LLP, Andy Ratts from Winston & Strawn, and a representative from Union Bank of California.

4:00 - 5:00 pm: Equity Structuring & Modeling Panel Discussion
This session will use a case approach to explore the various tax driven structures currently being used in wind transactions today. This session is designed for those that want to gain a better understanding of how to balance the inherent risks and benefits to meet the sometimes conflicting needs of the project's equity and debt participants.

Additional speakers to be added shortly.

Visit our website at www.awea.org/seminars for more information about the Wind Power Finance & Investment Workshop, including registration costs, on-line registration, and hotel accommodations.

Contacts:

For questions regarding the workshop program, please contact Sakura Emerine at semerine@awea.org or (202) 383-2540.

For questions regarding workshop registration and sponsorship opportunities, please contact Stefanie Brown at sbrown@awea.org