Institute for Policy Integrity

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Advocacy Training: Coal Finance 2013

  • Date: March 18, 2013 – March 19, 2013
  • Location:

On Monday and Tuesday, March 18-19, the Institute for Policy Integrity at New York University School of Law and the Institute for Energy Economics and Financial Analysis will bring together environmental advocates and attorneys from around the country for a two-day training program on financial issues surrounding investments in coal-fired power plants, export terminals, mines and related coal facilities. Continuing Legal Education credit will be available for attorneys.

March 18-19, 2013
Vanderbilt Hall, NYU Law
40 Washington Square South
New York, NY 10012

Day One

10:30-10:45 Welcome: Michael Livermore, Institute for Policy Integrity and David Schlissel, Institute for Energy Economics and Financial Analysis.

10:45-12:30 Panel- The New Global Market for Coal: What it means for the U.S. Coal Industry and for Our Work: Abbie Dillen, Earthjustice, moderator; Tom Sanzillo, Institute for Energy Economics and Financial Analysis; Ted O’Brien, Doyle Trading Consultants

PowerPoints:
New Global Coal Market and U.S. Role
Coalcos Put Eggs in the Export Basket

12:30-1:15 Lunch: Mary Anne Hitt, Sierra Club

1:15-3:00 Panel – Financial Risks for Merchant and Regulated Coal Plants: What are the prospects for coal plant retirements in 2013-2017 and beyond?: David Schlissel, moderator; Julien Dumoulin-Smith, UBS Investment Research; Jesse Gilbert, SNL; Cathy Kunkel, Kunkel Energy Research

PowerPoints:
Brayton Point, A Cautionary Tale
Outlook for coal retirements
Financial Risks of Merchant Coal Plants

3:15-3:45 The Rationale for Transitioning to a Low Carbon Intensive Fleet: Doyle N. Beneby, President of San Antonio’s CPS Energy

3:45-4:30 Panel – Financial and Rate Risks for Publicly-Owned Coal Plants: David Schlissel, Moderator; Dan Aschenbach, Moody’s; Nachy Kanfer, Sierra Club

PowerPoints:
Brayton Point, A Cautionary Tale
Los Angeles Department of Water & Power
Bad decisions, bad luck

4:30-5:30 Panel – Lessons Learned: Prairie State, Edwardsport and Mississippi – Coal and electric industry use of financial improprieties and undue political influence: Peter Safirstein, Morgan & Morgan; Lisa Hamilton, Institute for Energy Economics and Financial Analysis; Kerwin Olsen, Citizens Action Coalition of Indiana; Louie Miller, Mississippi Sierra Club

PowerPoint:
The Edwardsport IGCC

7:00-8:30 Panel – The future for fossil fuel prices: Carrie La Seur, Baumstark, Braaten; Tom Sanzillo; Leslie Glustrom, Clean Energy Action; Matt Wasson, Appalachian Voices

PowerPoints:
Illinois Basin Trends- Implications for U.S. Coal Industry
Throwing Big Coal Under the Busbar
The US Coal Industry – How Much Longer?

Day Two

8:30-10:15 Panel – Integrated Resource Planning and the Potential for Energy Efficiency and Renewables: David Schlissel, moderator; Anna Sommer, Sommer Energy, LLC; Bruce Biewald, Synapse Energy Economics, Inc.; Stefan Linder, Bloomberg New Energy Finance

PowerPoints:
Integrated Resource Planning, Declining Loads and Energy Efficiency
Integrated Resource Planning and the Potential for Energy Efficiency

10:30-12:15 Panel – Wholesale Capacity Markets and Other Policies that Help Keep Uneconomic Generators Online: Larry Shapiro, Rockefeller Family Fund; John Moore, Project for Sustainable FERC Energy Policy; James Wilson, Wilson Energy Economics; Anna Sommer, Sommer Energy

PowerPoints:
Capacity Market Mischief – Avoiding Unintended Consequences
Electric Power Resource Adequacy- Criteria, Constructs, Emerging Issues

1:00-2:30 Panel – Pending and Expected Coal Plant Owner Bankruptcies: Challenges and Opportunities: Tom Sanzillo, Moderator; Eric Schaeffer, Environmental Integrity Project; James Hempstead, Moody’s; Mark Kresowik, Sierra Club

2:30-3:00 Feedback and Wrap-Up.