FERC Order 1000: Road map and speed bumps

Recorded January 19, 2012

90 minutes

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Overview

In a meeting room in St. Louis last November, reaction to the implications of FERC Order 1000 was not subdued. State regulators from throughout the country expressed displeasure, confusion and bewilderment regarding the latest transmission planning order from the federal regulator.

Transmission providers and utilities are equally at loose ends as they seek to resolve cost allocation methodologies and state policy planning issues.

In the face of a deadline of October 2012 for initial compliance filing, you are invited to join SNL Financial and a panel of industry experts who will present and explain the costs that integrated utilities face, how, if at all, it will impact project financing, and why many state commissioners are complaining about the federal rule.

Agenda

Learning Objectives

Panelists

Ron Bolen – Director, da3co

Ron Bolen, founder of da3co, has over 16 years of experience in the energy sector, including over 8 years of direct experience in private equity investing in the same space. His background in energy private equity includes both the power and oil & gas segments.

Prior to founding da3co, Ron was Managing Director of the energy practice at The InvestLinc Group, co-founded Invictus Energy Group, LLC, an international power project finance venture specializing in power optimization opportunities, and an investment officer for DQE Enterprises, the venture capital subsidiary of DQE.

Ron was also a Senior Director of Portland General Electric where he established the company's private equity investment group as well as oversaw the non-regulated affiliate organization. Ron's professional efforts also have a significant international flavor with extensive work in South and Southeast Asia, Latin America and the Former Soviet Union.

Catherine McCarthy – Partner, Dewey & LeBoeuf LLP

Cathy is co-head of the Dewey & LeBoeuf's Energy Regulatory Department, and has almost two decades of experience representing clients on energy regulation and policy. In January 2011, she was selected one of The American Lawyer's "45 Under 45", a group of the highest performing women of the private bar under the age of 45. Cathy works regularly on electric transmission matters, including transmission formula rate work. She was lead counsel in two FERC proceedings where the firm's transmission owner applicant clients sought and obtained rate incentives for major transmission projects. She also frequently represents companies on wholesale power sales matters.

She was lead FERC counsel on the following recent deals: GDF SUEZ-International Power (for GDF SUEZ), Macquarie-Puget (for Puget) and Iberdrola-Energy East (for Energy East).

In addition, Ms. McCarthy regularly counsels clients on issues related to centralized energy markets, including the development and modification of market rules and tariff provisions in ISO New England, NYISO and PJM.

Jesse Moser – Manager, Transmission Strategy, MISO

At MISO, Jesse leads development and implementation of changes to the transmission planning tariff and business practices in support of changing energy policy. He also managed the development of the MISO's Multi Value Project transmission cost allocation methodology for large scale regional transmission projects.

As the former Manager of Regulatory Studies at MISO, his team was responsible for the calculation of the MISO's Planning Reserve Margin requirement, performing Seasonal Resource Assessments, providing technical support and expertise to state regulatory staff. He also developed the reliability components of the MISO's Resource Adequacy Requirements which were implemented in June of 2009.

Jesse has served on the NERC Reliability Assessment Subcommittee, as well as reliability committees for ReliabilityFirst Corporation and the Midwest Reliability Organization. He holds a Bachelor of Science degree in Electrical Engineering from South Dakota State University.

Jennifer Zajac (moderator) – Senior Program Manager, SNL Center for Financial Education

Ms. Zajac joined SNL CFE from SNL Energy's editorial staff. During her nine years in the newsroom, she founded and edited SNL Energy's Renewable Energy Week, covered environmental policies that impact the power and natural gas sectors, and launched SNL's podcast series. She is a recent graduate of the University of Colorado Denver's Global Energy Management master's degree program.

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