7:00 a.m.

• Registration and Continental Breakfast

8:00 a.m.

• Welcome and Introductions

8:30 a.m.

Debt Issuances
· Letters of credit, loan commitment fees and debt issuance costs

· Interest rate swaps

• · Refinancings
  · Section 163 limitations
• · Effect on Section 199 deduction calculations
• · Effect on interest capitalization
  
  James I. Warren

• Partner
  Winston & Strawn

9:20 a.m.

Hybrid Security Issuances
· General structures in use
· Are they debt?
• · What do the opinions look like?
  
  David Garlock

• Principal
  Ernst & Young

10:10 a.m.

• Refreshment Break

10:25 a.m.

Securitization
· What are they?
· What are they used for?

· Letter rulings and safe harbor revenue procedures



• Sal Montalbano

• Director
  PricewaterhouseCoopers
  

11:15 a.m.

Governmental Payments
· Loans vs. contributions

· Contributions vs. taxable subsidies

· Effect on depreciable basis

• · Effect on available credits
  
  David J. Yankee

• Partner
  Deloitte Tax
  

12:00 p.m.

• Luncheon

1:00 p.m.

Contributions from Customers and Utilities
· Taxable contributions
· Non-taxable contributions

· Indemnification provisions, gross-ups and letter rulings

Alexander Zakupowsky, Jr.

• Partner
  Winston & Strawn

1:50 p.m.

Other Financing Techniques
· Prepayments
· Variable prepaid forward contracts
• · MLPs and REITs
  
  Andrew Ratts and John Lorentzen

• Partners
  Winston & Strawn

2:40 p.m.

• Refreshment Break

2:55 p.m.

Uses of Capital in Transmission and Distribution
· Construction costs

· Units of property
· Percentage repair allowance

· Placed-in-service dates

• · Recovery periods
  
  Michael J. Reno

• Partner
  Deloitte Tax

3:45 p.m.

Uses of Capital in Fossil Generation


· Construction costs

· Units of property

· Placed-in-service dates

• · Recovery periods
• · Pollution control facilities

• · Treatment of material hedges
  
  Bradley M. Seltzer

• Principal
  Deloitte Tax

4:35 p.m.

Uses of Capital in Nuclear Generation
· Licensing and re-licensing costs

· Construction and outage costs

· Units of property

· Interest capitalization

· Placed-in-service dates

• · Recovery periods
• · Tax credits
• 
  
• Marc Caillouet

Senior Manager
PricewaterhouseCoopers

5:30 p.m.

Cocktail Reception

Hosted by Winston & Strawn and Deloitte Tax

8:00 a.m.

• Continental Breakfast

8:30 a.m.

• Uses of Capital in Clean Coal
  · Tax credits
  · Recovery periods
  
  John Gimigliano
• Principal
  KPMG

9:20 a.m.

• Uses of Capital in Wind Power
  · Construction costs and interest capitalization
• · Units of property
• · Placed-in-service dates and bonus depreciation
• · Recovery periods
• · Tax credits
• · Flip structures
• 
  
• Frederick Copeman
• Partner
  Ernst & Young

10:10 a.m.

• Refreshment Break

10:25 a.m.

Uses of Capital in Solar Power


· Construction costs
• · Units of property
• · Placed-in-service dates
· Recovery periods


· Tax credits

• · Ownership structures
• · Renewable energy credits
  
  Elias B. Hinckley

• Senior Manager
• Deloitte Tax

11:15 a.m.

Emerging Fuels
· Biomass
• · Shale
• · Water / wave technology
• · Battery
• · Implications of storing energy
  
  Rod Anderson

• Partner
• KPMG

12:30 p.m.

Conference concludes