ALBERTA POWER SUMMIT

NOVEMBER 27, 2012

8:00

Registration and Continental Breakfast

9:00

Welcoming Remarks from Insight Information

9:05

Opening Remarks from Chair

Bryan DeNeve
Senior Vice President, Commercial Services
Capital Power Corporation

9:15

Alberta Agency Priorities and Vision

Harry Chandler
Alberta's Market Surveillance Administrator

Bob Heggie 
Chief Executive Officer
Alberta Utilities Commission

Bruce Roberts
Acting Chief Executive Officer
Balancing Pool

• What are the priorities and key initiatives for the DOE and each of the market agencies?
• What is "the public interest" responsibility of each agency with respect to Alberta's electricity market?
• Are the agencies aligned and consistent in their vision for the Alberta market?

10:30

Networking Coffee Break

10:45

Implications of Low Natural Gas Prices for Supply Adequacy in AB

Brandon Anderson
Senior Vice-President, Western Power and Gas Storage
TransCanada

John Ell
President
ATCO Power

Jennifer Pierce
Vice President Commercial Management
TransAlta Corporation

Brian Vaasjo
President and Chief Executive Officer
Capital Power Corporation

• Can the Alberta market provide adequate supply signals in a sustained period of low natural gas prices?
• Can we rely on natural gas fired generation to meet our future generation needs?
• What are the implications of the potential shift in Alberta's fuel mix for the location of new generation, transmission, and market dynamics
• Implications for coal

12:30

Networking Luncheon

1:45

What Are the Implications of the Outcome of the Retail Market Review?

Guy Bridgeman
Senior Vice President, Strategic Planning & Development
EPCOR

Rick Cowburn
Principal, VIDYA Knowledge Systems Corp.
Member of the Retail Market Review Committee

• Will the proposed changes stimulate retail competition? What other challenges or barriers may exist in terms of new retailer entry to the AB market?
• Will the proposed changes provide adequate protection for consumers who remain on default pricing?
• How will the proposed changes impact existing RRO providers?
• How will the proposed changes affect the Alberta wholesale market?

Gianna Manes
President and Chief Executive Officer
ENMAX Corporation

• The retail market review committee process - does this type of process lend itself to strong policy making?
• Why we should continue to embrace electricity competition for small customers
• What opportunities do we have to support the further development of the retail market?
• Do the Retail Market Review Committee's recommendations help with the development of a successful retail market over the long term?

3:00

Networking Refreshment Break

3:15

Perspectives on the MSA's State of the Market Report and Initiative

Colette Chekerda
Executive Director
Alberta Direct Connect

Ken Kunz 
Vice President, Western Power
TransCanada

Ian Sanchez
Managing Director
BowMont Capital and Advisory Ltd.

• Are there barriers to entry for generators in the AB market - lack of PPAs?
  • financing challenges; price volatility; market concentration and regulatory risks
• Are changes required to the level of market data transparency available in the AB market?
• What are the implications of increasing or decreasing the level of information available?
• Are changes required to the Offer Behaviour Enforcement Guidelines?
• Balancing pool in the Alberta wholesale power market - evolution, future design and requirements

Kelsen Vallee
Managing Director, Power & Utilities Investment Banking
CIBC World Markets Inc.

• What effect the economic crisis that began in 2008 will continue to have on the AB power market in the future?
• What are financial investor and credit rating agencies views of the AB power market? How does this compare with their views of other Canadian power markets?
• What effect do these views have on who will drive new generation construction in Alberta going forward?

5:00

Conference Adjourns for the Day followed by a Wine and Cheese Reception Sponsored by

NOVEMBER 28, 2012

8:30

Continental Breakfast

9:00

Opening Remarks from the Chair

9:10

Liquidity in the AB Market - What Changes Are Needed

Gord Barr
Vice President, Commodity Portfolio Management
Capital Power Corporation

Lonnie Enns
Vice President Wholesale Energy
ENMAX Energy

• What is the importance of liquidity for Alberta's wholesale market design and for pricing and investment signals?
• How has the level of liquidity changed in the last 5 years?
• What have been the reasons for the changes in the level of market liquidity?
• What changes should be pursued to foster increased liquidity in the AB market?

10:00

Networking Coffee Break

10:15

Can Changes Being Made to Enhance the Texas Market Be Applied to the AB market?

H.B. (Trip) Doggett
President and Chief Executive Officer
Electric Reliability Council of Texas (ERCOT)

Sian Barraclough 
Senior Manager, Market Assessment & Forecasting
Capital Power Corporation

David Rehn
Executive Vice President, Generation & Wholesale Energy
ENMAX Corporation

• Overview of ERCOT market
• Capacity, demand, and reserve outlook
• Market enhancements
• Importance of price responsive demand

12:00

Networking Luncheon

1:00

What are the Implications of Increasing Interconnection with Montana and B.C.?

Kevin Dawson
Senior Program Manager - Interties
Market Services, Alberta Electric System Operator (AESO)

Lino Luison (tentative)
Vice President, Financial Partnerships Corporate Development & Planning
Enbridge Inc.

The session would focus on the coming in-service of MATL, the issues it has raised in terms of how to allocate ATC capacity between the BCH and MATL systems, and whether AESO has different obligations regarding restoring the AB/BC intertie versus accommodating merchant lines:

• What is the role of interties in the Alberta market and has this changed with the addition of MATL?
• What are the market opportunities for further expansion of Alberta's interconnection with B.C., Montana or other markets? What are the implications for siting future generation in Alberta?
• What are the AESO, WECC, and other planning requirements and processes associated with expanding intertie capacity and integrating these projects with the Alberta system

2:00

Operational and Planning Challenges and Options for Interties between International Power Markets

Johannes P. Pfeifenberger
Principal
Cambridge, The Brattle Group Inc.

• Compatibility challenges related to Canadian and U.S. export/import tariffs
• Operational, scheduling, and market design-related challenges across international market interties
• Ongoing efforts by system operators and industry regulators to address these challenges and market barriers
• The need, planning processes, and project development efforts to increase intertie capacity between Canadian provinces and to the U.S.
• Challenges related to interties between regions with different regulatory and market structures, such as between Alberta and its neighbors

Alan L. Ross
Partner
Borden Ladner Gervais LLP

• Decisions and jurisdiction
• Role of US and Canadian regulators
• Legal and regulatory pitfalls involving MATL and cross-border transmission issues

2:45

Networking Refreshment Break

3:00

How to Effectively Manage the Upgrading and Expanding of the Alberta Transmission System?

Shan Bhattacharya
Vice-President, Transmission
Alberta Electric System Operator (AESO)

Vittoria Bellissimo
Executive Director
IPCAA

Dale McMaster
Executive Vice President, Transmission & Distribution Services
ENMAX Corporation

Johanne Picard-Thompson
Senior Vice President of Projects
AltaLink

• Costs associated with the transmission development identified in AESO's long term transmission plan and strategy to manage these costs
• Proposed changes being implemented to improve /clarify cost accountability
• Mechanisms currently in place to provide ongoing transparency and reporting of TFO construction costs, and addressing significant variances from initial project estimates
• What changes should be considered to enhance TFO performance and accountability with respect to the transmission project development?
• Implications of transmission cost avoidance on behind-the-fence generation economics
• Risks and opportunities associated with new electricity supply decisions

4:30

Implications of the Increase in Installed Wind Generation Capacity for Alberta's Market

Dan Balaban
President and Chief Executive Officer
Greengate Power Corporation

Judy Chang
Principal
Cambridge, The Brattle Group Inc.

K. Lynn Meyer
Vice-President, Regulatory Affairs
Capital Power Corporation

• What changes is the AESO considering in light of the recent increase in installed wind generation capacity?
• Would additional changes be required to accommodate further expansion of wind capacity?
• What are other markets doing to address wind integration issues, and are there any lessons for Alberta?

5:30

Conference Bag Sponsor

• Executives and Managers from:
  • Industrial, Commercial and Institutional Users of Electricity
  • Electric Utilities
  • Power Aggregators, Marketers and Brokers
  • Electrical Equipment Manufacturers
  • Independent Power Generators and Service Companies

• Energy Lawyers, Advisors and Consultants
• Investors and Financial Officers
• Regulators and Officials from Federal, Provincial and Local Government Bodies
• Experts, Officials and Representatives of Interest Groups in Environment, Resources and Economic Development

Dear Colleague,

The decision to restructure Alberta's electricity market in the early 1990s was based on the belief that competitive markets would increase customer choice and lower costs of supply. The last several years have seen the realization of many of the benefits associated with restructuring. However, there are a number of areas of the Alberta market that continues to generate discussion and debate among industry participants and policy makers.

Is Alberta's electricity market still able to deliver the original vision or does it need to be revised in a number of areas to deliver the vision? This conference will focus on four areas: key priorities and initiatives of the market agencies; implications of the recent retail market review; the ability of the wholesale market to continue to support the addition of new supply given the increased price volatility, reduced liquidity and low natural gas prices; and, ongoing challenges of transmission interconnections both internally and with neighboring jurisdictions.

This Insight Information summit brings together policy makers and industry participants to encourage open and frank debate on these questions. The select roster of speakers includes a diverse range of representatives from government, industry associations and industry who will share with you their expert opinions and insights on the issues that need to be addressed if an electricity market that will meet the needs of all participants is to evolve.

Important and thought-provoking questions will be addressed in this comprehensive two day event that is designed to provide up-to-date insight into the forces that shape the Alberta and North American electricity markets. As Chair, I encourage you to engage and challenge the speakers in group discussions, and to mix socially with both speakers and other summit participants at networking lunches and breaks. Binders containing the conference materials submitted by the speakers will become a valuable addition to each participant's library. Please join us at this summit.

Yours truly,

Bryan DeNeve
Senior Vice President, Commercial Services
Capital Power Corporation

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Please note: Full payment is required in advance of conference dates. Please make all cheques payable to Insight Information.