Platts 10th Annual Financing US Power spotlights distinguished panels of power industry financiers, developers, and analysts as they examine plant finance from a variety of perspectives. Keynote Address — What is the optimal mix of traditional and renewable resources? Zin Smati, CEO, GDF SUEZ Energy North America Transaction case studies TransCanada Corp’s Ravenswood Generating Station acquisition United Illuminating/NRG Energy JV Dominion/BP wind farm JV EIF’s CA Panoche and Kleen Energy financings Rising construction and fuel costs — Financier, developer, credit, and associated consumer risks High costs for renewable/gas fired plants — How this has changed the landscape for power development and finance High construction costs’ end- result on the consumer/stockholder — Rate shock, power prices State of CWIP loans — Funding multi-year projects without revenue Can utility credit ratings withstand these pressures? Renewables as a high-cost bridge for the peak generation gap Wind; PTC credit instability, turbine delays, transmission, permitting delays Geothermal and solar; commercialization of utility-scale projects Renewable project finance — Corporate/private deal trends FLIP structures — tax equity deals turbine supply loans club-basis deals Gas-fired generation as the predominant baseload bridge Building gas-fired generation “economically” at $10 fuel and high construction costs hedging around heat rates, fuel prices, and power prices to avoid basis blowout Avoiding an overbuild situation transparent market price signals to promote plant development Availability of PPAs — Negotiation Financing models that work in the current market PLUS! The carbon equation — Balancing new risks and opportunities in financing energy projects 2008 Participants: Dean Patry, TransCanada Corporation James K. Martin, Dominion Energy, Inc. Sean O’Donnell, JP Morgan Jonathan J. Milley, NRG Energy, Inc. Steve Doyon, Terra-Gen Power John McGowan, Osaka Gas Energy Corp. Andrew Gilbert, International Power Michael Schwartz, Duke Energy Generation Services Roger Garratt, Puget Sound Energy Alan R. Schriber, Public Utilities Commission of Ohio Dennis E. Hrabchak, The United Illuminating Company R. John Dingle, Thorndike Landing Tom Widener, Bear, Stearns & Co. John C. S. Anderson, John Hancock Patrick Eilers, Madison Dearborn Dan Cozine, BNP Paribas Steve Herman, Energy Capital Partners Ed Chapman, Ziegler Capital Chris Moscardelli, Societe Generale Michael Pantelogianis, WestLB AG Mark Voccola, EIF Group Richard W. Cortright, Jr., Standard and Poor’s R. Thomas Hoffmann, Ballard Spahr Andrews & Ingersoll, LLP Pauline Doohan, Baker & McKenzie LLP William R. Giusti, Baker Botts LLP Charles E. Schwenck, Greenberg Traurig LLP Todd Filsinger, PA Consulting Group Chris Kratky, GE Energy Financial Services John Shelk, EPSA David Patton, P.E., R. W. Beck For more information and speaking opportunities, contact: James Gillies Tel: 781-430-2110 james_gillies@platts.com For sponsorship opportunities, contact: Lorne Grout Tel: 781-430-2112 lorne_grout@platts.com For media inquiries, contact: Christine Benners Tel: 781-430-2104 christine_benners@platts.com For Insight Magazine advertising inquiries, contact: Vicki Peterson Tel: 970-461-1090 vicki_peterson@platts.com

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