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Global Power Summit
October 28 - 30, 2007 - Pebble Beach

OVERVIEW

CERA is pleased to announce the upcoming Global Power Forum Summit to be held at The Inn at Spanish Bay in Pebble Beach, California on October 28-30, 2007.

This invitation-only Summit, part of CERA's Global Power Forum, brings together a select community of the global power industry's top executives. With discussions and concise CERA analysis and commentary, the Global Power Summit has become the premier gathering of the global power community.

For details regarding participation in this Summit or membership in the Global Power Forum, please contact Mike Banville at +1 617 866 5352.

2007 Global Power Summit Sponsor

ENROLLMENT

If you have questions regarding CERA's online registration process, please contact CERA Registration:
+1 617 866 5992
+1 800 597 4793
register@cera.com

LOCATION

The Inn at Spanish Bay
2700 17 Mile Drive
Pebble Beach CA 93953
U.S.A.

Phone:	+1 (831) 647-7500
Fax:	+1 (831) 644 7955

FILES

Global Power Forum Summit Overview

AGENDA

October 28, 2007
7:00 PM Welcome Reception and Dinner
October 29, 2007
8:00 AM Registration
8:30 AM Summit Opening: Welcome Remarks and Introductions
9:00 AM State of the Power Business CERA compares and contrasts key trends in global power, with a special focus on assessing strategic challenges and opportunities in North America. In particular, as the North America power sector begins a major investment cycle, we address the following questions: What is the business landscape ahead? What are the key drivers, risks, and opportunities? Are companies in sufficient financial shape to take on major investments?
11:00 AM Break
11:30 AM The Supply-Side Challenge: Opportunities and Hurdles for Future Generation Options High natural gas prices and the need to add base-load capacity to the US generation fleet have rekindled interest in the construction of new coal and nuclear power plants. However, the builders of these capital-intensive, long-lead-time plants face significant obstacles, such as rising capital costs, regulatory delays, public concerns over emissions and safety, and uncertainty over the future of environmental regulation. In this session we examine the challenges and opportunities facing decision makers regarding future investment in new generation. Some of the key questions under discussion are: What is the future of coal in a carbon-constrained world and what is the likely timing and viability of carbon, capture and storage? What are the real prospects for nuclear power in the United States over the longer term? How fast can renewables really grow? What are the consequences of gas being the default fuel for power generation?
1:00 PM Luncheon
2:30 PM Conservation, Efficiency, and the Seductive, but Dangerous, Idea of “Negative Costs” This session explores the current trends in conservation and efficiency (C&E) and the reasons that C&E efforts chronically fall short of expectations. Discussions also examine the growing conventional wisdom that there is a large, untapped reservoir of "negative costs" to be incurred by ramped up C&E programs in the electric power industry. Some of the questions addressed are: Is there a danger of falling into a wishful thinking trap regarding savings from C&E? Is the expectation of "negative costs" too good to be true? Has California already fallen into this trap, or does it provide a model for the rest of the country to follow?
3:45 PM Break
4:00 PM Plug-in Hybrids: Game-changing Opportunity for the Power Sector? This session examines plug-in hybrid electric vehicles as a business opportunity for the power sector. We discuss the concept of plug-in hybrids from the standpoint of both energy security and climate change. How realistic is it to move the transportation sector from the pump to the plug? Is this an effective energy security solution? How much gasoline usage can be displaced with electric power? What will the net effect be on carbon emissions? What will it take to get consumers to buy in?
5:00 PM Adjourn
7:30 PM Reception and Dinner Dinner Speaker (to be announced)
October 30, 2007
8:30 AM CO₂ Strategy: Implications of a CO₂ Cap for the US Power Sector Momentum continues to build for the US Congress to adopt a federal policy to limit carbon dioxide (CO₂) emissions. While the timing and structure of a future policy remain uncertain, the prospects of a future program are already affecting the current power industry landscape. Based on CERA's current outlook for federal CO₂ policy, this session examines the strategic implications for investment decisions and the business landscape, addressing questions such as: How will CO₂ costs reshuffle the current supply stack? To what degree will CO₂ allocations alter asset values? What are the opportunities to invest in CO₂ abatement projects, including greenhouse gas offsets?
10:00 AM Summary and Discussion of Summit Insights and Implications
10:30 AM - 6:00 PM Summit Activities
7:00 PM Reception
8:00 PM Dinner and Awards Ceremony