Recorded Wednesday, January 20, 2010
90 minutes
Background and Agenda | Panelists | Accreditation | Get log-in
Background
2009 saw the creation of the largest pool of incentives for renewable energy ever. Nopw, In 2010, policymakers will be evaluating not only the future of these incentives programs but, also new regulatory regimes that could drastically alter the economic balance for energy development.
This webinar provides insight into the evolving policy landscape for renewable energy and the implications of these changes on financing renewable energy projects.
Agenda
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How effective tax credits, grants and loan guarantees have been in driving renewable energy development |
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Likely changes in the scope and nature of incentives and the impact of those changes on the financing landscape |
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The effects of State Renewable Portfolio Standards and the Regional Greenhouse Gas Initiative on financing |
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The possible impacts of national regimes on financing |
Objectives
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Understand how the transition from an incentive-focused policy platform to a regulatory one will most likely unfold |
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Gather opinions from subject matter experts on how to best navigate the transition |
Panelists
Roger Garratt,
Director, Resource Acquisition and Emerging Technologies, Puget Sound Energy
At Puget Sound Energy, Roger is responsible for acquiring new electric generation supplies for the company's resource portfolio, leading the company's exploration of emerging generation technologies, and helping guide climate change initiatives. Since joining PSE in April 2003, Roger's team has acquired nearly 1,400 MW of new generation valued at over $1.1 billion, including four gas-fired combined-cycle projects, the development of two wind projects and expansion projects for each, and the development of the region's largest solar photovoltaic project. His team is currently developing the Lower Snake River Wind Project in Southeast Washington, which has the potential for up to approximately 1250 MW built out in phases over the next few years.
Prior to PSE, Roger was a development director for the PG&E National Energy Group and a power generation sales manager with GE Power Systems.
Pedram Mokrian, Venture Fellow, Mayfield Fund
Prior to joining Mayfield – a forty year old venture capital firm with over $2.8 billion under managment – Pedram received his Ph.D. at Stanford University where his research was focused on the valuation of resources in electricity markets. During his tenure at Stanford, Pedram was intimately involved with the founding of the Precourt Institute for Energy Efficiency and spent time as an associate at Credit Suisse and as a consultant at Altos Management Partners.
Previously, Pedram received his Master's degree in Electrical Engineering and held positions at the Ford Motor Company, JDS Uniphase and Nortel Networks, broadly covering the areas of power generation, fiber-optic component manufacturing and hardware development.
John Spenadel, Executive Director, J.P. Morgan Capital Corporation
Joel Spenadel is a co-founder of the 18-member team at JPMorgan that sources, structures and executes energy tax equity investments. Since 2003 that team has been responsible for investing on behalf of JPMorgan or arranging with other institutional investors nearly $6.0 billion of tax equity for almost 6,000 megawatts of U.S. wind power and solar projects. During the prior decade the team was responsible for another $1.2 billion of tax motivated energy investments for JPMorgan predecessor companies.
Mr. Spenadel completed his Master of Management degree from the J.L. Kellogg School, Northwestern University, and has Bachelor of Science degrees from the Wharton School and the School of Engineering at the University of Pennsylvania.
John Stanton, EVP and General Counsel, Solar Energy Industries Association
The Solar Energy Industries Association (SEIA) functions as the voice of the solar industry in Washington, DC. John Stanton joine SEIA in 2006 and is responsible for government and legal affairs. He is the former Vice President for Energy, Climate and Transportation Programs at the National Environmental Trust, and has previously served as Legislative Counsel at the US Environmental Protection Agency and New Jersey Deputy Attorney General.
John also served as Counsel and Director of the Energy and Environment Committee at the National Conference of State Legislatures. He holds a Bachelors from Tulane University and law degree from Georgetown University Law School.
Elias Hinckley (moderator), Partner, Venable LLC
Elias Hinckley focuses his practice on advising clients in the clean and renewable energy industries on tax, business, policy and regulatory issues. Mr. Hinckley joined Venable from Deloitte & Touche LLP, where he was the National Practice Leader for Alternative and Renewable Energy Tax Strategies Practice and was one of the co-architects of Deloitte’s global strategy on climate change.
Throughout his career, he has advised clients from the full spectrum of alternative energy companies, including solar, wind, geo-thermal, biomass and advanced coal. His strong grasp of federal energy policy and the business and tax issues associated with alternative energy and traditional power generators have enabled him to work on diverse matters ranging from individual project finance to the operations of energy markets, including carbon credits.
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