11^th Annual

Gas and Power Institute

Houston Aug 23-24, 2012 Four Seasons Hotel
Conference Concluded

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Overview

Presented with the Oil, Gas and Energy Resources Law Section of the State Bar of Texas and the Energy Bar Association, UT Law’s Gas and Power Institute features timely topics relevant to the gas and power industry.

Featuring the latest federal and state regulatory and legislative updates, the 2012 program highlights include:

Keynote luncheon presentation by RRC Chairman, Barry Smitherman on The State of the Gas & Power Markets in Texas

An update on Dodd-Frank implementation from CFTC General Counsel, Dan Berkovitz, as well as a panel discussion on compliance issues as related to gas and power

Industry response to the Denbury Resources ruling

A look at The Shale Revolution: The Transformative Effect of Shale Gas and NGLs in Driving Midstream Development and Downstream Markets

Discussion of ERCOT’s reliability role and alternative approaches to ensuring resource adequacy as well as current regulatory activities to support resource adequacy

A suite of presentations on various project financing structures

Earn up to 2.00 hours of Ethics

Event Schedule

Program is subject to change.
All times are Central Time Zone.

Day 1 August 23, 2012
Day 2 August 24, 2012

Time

Credit

Subject

Speaker
Thursday Morning, Aug. 23, 2012
Presiding Officer:
Kathleen E. Magruder, BP Energy Company - Houston, TX
7:45 am

Registration Opens

Includes continental breakfast.
8:35 am

Welcoming Remarks
8:45 am

0.50 hr

State Regulatory Update: PUC and ERCOT

A summary of the important developments in the Texas electricity industry with a focus on the Public Utility Commission (PUC) and the Electric Reliability Council of Texas (ERCOT).

Tammy Cooper, Andrews Kurth LLP - Austin, TX
9:15 am

0.50 hr

Federal Gas and Power Update

A discussion of recent federal regulatory initiatives and judicial developments affecting the natural gas and electric power industries.

Jeffrey Dan Watkiss, McDermott Will & Emery LLP - Washington, DC
9:45 am

1.00 hr

Eminent Domain: A Look at the Denbury Resources Ruling and Industry Response

The panel discusses the Texas Supreme Court opinions in the Denbury Resources case and the oil and gas industry response to that ruling. In addition to the present and future issues that are expected to arise from the opinion, the panel discusses whether and how the Legislature will address the issue.

THIS SESSION HAS BEEN MOVED TO 1:30 P.M. ON THURSDAY, AUG. 23

Moderator:
James E. Mann, Duggins Wren Mann & Romero, LLP - Austin, TX
Panelists:
Charles B. McFarland, Joyce, McFarland + McFarland LLP - Houston, TX
Panelists:
Kenneth E. McKay, Locke Lord LLP - Houston, TX
10:45 am

Break
11:00 am

0.50 hr

Update on Dodd-Frank Implementation

The General Counsel of the CFTC provides an update on the agency's rulemakings to implement the regulation of derivatives under the Dodd-Frank Act, and reviews the most recent agency rulemaking actions and previews the rules that may be considered in the near future.

Dan M. Berkovitz, U.S. Commodity Futures Trading Commission - Washington, DC
11:30 am

0.75 hr

Dodd-Frank Compliance Panel

A look at the general impact of the CFTC rules on hedging and physical transactions for midstream and power companies. Panelists answer questions regarding compliance and implementation of Dodd-Frank by gas and power companies, and how the ongoing rule-making affects the completion of implementation.

Moderator:
Jeffrey Jon Nichols, Haynes and Boone, LLP - Houston, TX
Panelists:
Gayle M. Patton, Targa Resources Corp. - Houston, TX
Panelists:
Rhys Roberts, Merrill Lynch Commodities, Inc. - Houston, TX
Panelists:
Tiffany Lyn Silvey, Luminant Energy Company LLC - Dallas, TX
12:15 pm

Break to Pick Up Lunch

Included in conference registration fee.
Thursday Afternoon, Aug. 23, 2012
Presiding Officer:
Diana M. Liebmann, Haynes and Boone, LLP - San Antonio, TX
KEYNOTE LUNCHEON PRESENTATION
12:30 pm

0.75 hr

The State of the Gas and Power Markets in Texas: Is Bountiful Natural Gas Here to Stay?

Barry T. Smitherman, Railroad Commission of Texas - Austin, TX
1:15 pm

Break
PROJECT FINANCING
1:30 pm

0.50 hr

Alternative Financing Structures within Commodities Arrangements

The financial crisis and subsequent tightening of available credit has created a need for more specialized collateral solutions that go beyond traditional cash, letters of credit and guaranties. Some of the alternative credit risk mitigation structures used in commodity contracts are discussed at a high level.

THIS SESSION HAS BEEN MOVED TO 9:45 A.M. ON THURSDAY, AUG. 23

Craig R. Enochs, Jackson Walker L.L.P. - Houston, TX
2:00 pm

0.50 hr

Project Financing and Renewables

The future is murky for renewable tax credits. Cash grants and loan guarantees seem like a distant memory. Some states and utilities are reconsidering mandatory renewable portfolio standards in the face of high compliance costs and lower-cost natural gas generation options. Other states are struggling with solar carve-outs that may overheat markets skewing intended price signals. This session tackles financing techniques given uncertain markets, regulations and revenue streams.

THIS SESSION HAS BEEN MOVED TO 10:15 A.M. ON THURSDAY, AUG. 23

Gregory K. Lawrence, Cadwalader, Wickersham & Taft LLP - New York, NY
2:30 pm

0.50 hr

Midstream Project Finance

Today’s challenging global credit markets have impacted midstream project finance opportunities and how they are structured. Traditional project financing in the current market is addressed and other techniques such as joint ventures that function as financings and covenant-lite (and equity-heavy) financings are described.

Mark R. Spradling, Vinson & Elkins LLP - Houston, TX
Sabina D. Walia, Vinson & Elkins LLP - Houston, TX
3:00 pm

Break
3:15 pm

0.75 hr

The Shale Revolution: The Transformative Effect of Shale Gas and NGLs in Driving Midstream Development and Downstream Markets

Formerly an undesirable byproduct of North American gas, NGLs now represent a larger portion of revenue than gas in many "gas" plays. As producers seek to maximize NGL-related revenue, they are demanding infrastructure that will deliver product to market. As a result, the midstream industry is being driven by NGL growth, while NGL end markets are transformed by a rate of growth that far outpaces that of North American oil or gas.

Bradley Olsen, Tudor, Pickering, Holt & Co. - Houston, TX
4:00 pm

0.50 hr

Environmental Issues Update

The past year has seen major new regulatory developments impacting natural gas developers and power generating facilities. Recent environmental law developments are discussed with a focus on Clean Air Act regulatory programs affecting the oil and gas industry including expanded New Source Performance Standards (NSPS) and developments in new source review permitting; those affecting the electricity generating sector including the Cross State Air Pollution Rule (CSAPR); NSPS for greenhouse gases; mercury and air toxics (MATS); and on regulatory developments in the area of hydraulic fracturing.

James D. Braddock, Haynes and Boone, LLP - Austin, TX
Mary S. Mendoza, Haynes and Boone, LLP - Austin, TX
4:30 pm

1.00 hr ethics

Negotiating Ethics? Are You Smarter than a First Year Associate?

When it comes to ethics in deal-making, it’s anything but anything-goes. Could a tiny white lie here and a teeny puffing there mean the difference between getting the deal done and getting disbarred? These questions and more as the speakers ask: "Are you smarter than a first-year associate?"

Wilson Chu, K&L Gates LLP - Dallas, TX
Barrett R. Howell, K&L Gates LLP - Dallas, TX
5:30 pm

Adjourn to Sponsored Networking Reception

Time

Credit

Subject

Speaker
Friday Morning, Aug. 24, 2012
Presiding Officer:
Marty Jo Rogers, NextEra Energy Resources, LLC - Houston, TX
8:00 am

Conference Room Opens

Includes continental breakfast.
8:30 am

0.50 hr

U.S. LNG Export Projects: Regulatory Outlook and Contracting Mechanisms

The current wave of U.S.-based LNG export projects features a bit of deja vu all over again—in reverse. Just as in the early 2000s, the export permitting scheme, and the politics surrounding it, are occupying the attention of project sponsors and other constituents. Likewise, project and contracting structures are developing on a project-by-project basis, with at least two distinctive contracting approaches: an SPA approach and a tolling approach. This presentation reviews the regulatory state of play and examines the differences between these approaches, including how these approaches may differ from similar structures used in traditional projects outside the U.S.

Kenneth S. Culotta, King & Spalding - Houston, TX
9:00 am

0.75 hr

Oil and NGL Pipeline Regulation at the Federal Energy Regulatory Commission and the Railroad Commission of Texas

John K. Arnold, Winstead PC - Houston, TX
Steven H. Brose, Steptoe & Johnson LLP - Washington, DC
9:45 am

Break
10:00 am

1.00 hr

Resource Adequacy: Why We Need It and How to Achieve It

Resource adequacy is a major concern in the ERCOT market for many reasons, including 2011’s tight summer conditions, an estimate that ERCOT will be below its 13.75% resource adequacy target by 2013 and possible limited future capacity additions to help meet demand. This panel discusses ERCOT’s reliability role, the Texas energy-only construct and alternative approaches to ensuring resource adequacy as well as current regulatory activities to support resource adequacy.

Moderator:
William J. Taylor III, Calpine Corporation - Houston, TX
Panelists:
Kristy Ashley, Exelon Corporation - Austin, TX
Panelists:
Amanda J. Frazier, Energy Future Holdings - Austin, TX
Panelists:
Bill Magness, Electric Reliability Council of Texas (ERCOT) - Austin, TX
11:00 am

1.00 hr ethics

What Lawyers Can Learn About Professionalism From Atticus Finch

Using excerpts from the book and clips from the movie, notable traits that caused Atticus Finch to be perceived as a heroic trial lawyer will resonate with the audience—his willingness to represent those who can't afford his services, his self-control in the face of a hostile adversary, his courage to represent an unpopular client and cause, his empathy to see all sides of an issue, and his recognizing an attorney's duty to be an advocate for our profession despite all its flaws.

Talmage Boston, Winstead PC - Dallas, TX
12:00 pm

Adjourn

Day 1 August 23, 2012
Day 2 August 24, 2012

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Conference Faculty

John K. Arnold

Winstead PC
Houston, TX

Kristy Ashley

Exelon Corporation
Austin, TX

Dan M. Berkovitz

U.S. Commodity Futures Trading Commission
Washington, DC

Talmage Boston

Winstead PC
Dallas, TX

James D. Braddock

Haynes and Boone, LLP
Austin, TX

Steven H. Brose

Steptoe & Johnson LLP
Washington, DC

Wilson Chu

K&L Gates LLP
Dallas, TX

Tammy Cooper

Andrews Kurth LLP
Austin, TX

Kenneth S. Culotta

King & Spalding
Houston, TX

Craig R. Enochs

Jackson Walker L.L.P.
Houston, TX

Amanda J. Frazier

Energy Future Holdings
Austin, TX

Barrett R. Howell

K&L Gates LLP
Dallas, TX

Gregory K. Lawrence

Cadwalader, Wickersham & Taft LLP
New York, NY

Bill Magness

Electric Reliability Council of Texas (ERCOT)
Austin, TX

James E. Mann

Duggins Wren Mann & Romero, LLP
Austin, TX

Charles B. McFarland

Joyce, McFarland + McFarland LLP
Houston, TX

Kenneth E. McKay

Locke Lord LLP
Houston, TX

Mary S. Mendoza

Haynes and Boone, LLP
Austin, TX

Jeffrey Jon Nichols

Haynes and Boone, LLP
Houston, TX

Bradley Olsen

Tudor, Pickering, Holt & Co.
Houston, TX

Gayle M. Patton

Targa Resources Corp.
Houston, TX

Rhys Roberts

Merrill Lynch Commodities, Inc.
Houston, TX

Tiffany Lyn Silvey

Luminant Energy Company LLC
Dallas, TX

Barry T. Smitherman

Railroad Commission of Texas
Austin, TX

Mark R. Spradling

Vinson & Elkins LLP
Houston, TX

William J. Taylor III

Calpine Corporation
Houston, TX

Sabina D. Walia

Vinson & Elkins LLP
Houston, TX

Jeffrey Dan Watkiss

McDermott Will & Emery LLP
Washington, DC

Planning Committee

Diana M. Liebmann—Co-Chair

Haynes and Boone, LLP
San Antonio, TX

Kathleen E. Magruder—Co-Chair

BP Energy Company
Houston, TX

John K. Arnold

Winstead PC
Houston, TX

Meredith Berger Chambers

EDP Renewables North America LLC
Houston, TX

Paul W. Chung

Targa Resources Corp.
Houston, TX

Kenneth S. Culotta

King & Spalding
Houston, TX

Shonnie L. Daniel

Calpine Corporation
Houston, TX

Merida De La Pena

Merrill Lynch Commodities, Inc.
Houston, TX

Clare H. Doyle

Reliant Energy
Houston, TX

Robert D. Eickenroht

Locke Lord LLP
Houston, TX

Ann A. Hawkins

Skadden, Arps, Slate, Meagher & Flom LLP
Houston, TX

Michelle E. Hicks

Constellation New Energy
Houston, TX

Norma Rosner Iacovo

Tenaska Power Services Co.
Arlington, TX

Kathleen C. Lake

Vinson & Elkins LLP
Houston, TX

Philip K. Lau

Locke Lord LLP
Houston, TX

Joseph D. Naylor

Enbridge Energy
Houston, TX

Michael P. Pearson

Jackson Walker L.L.P.
Houston, TX

Shemin V. Proctor

Andrews Kurth LLP
Washington, DC

Marty Jo Rogers

NextEra Energy Resources, LLC
Houston, TX

Paul E. Vrana

Jackson Walker L.L.P.
Houston, TX

Sarah B. Wolfe

Shell Trading Gas & Power
Houston, TX

Credit Info

Houston

MCLE Credit

Texas – 11.00 hrs | 2.00 hrs Ethics
Legal Specialization(s): Administrative Law, Oil, Gas and Mineral Law, Real Estate Law

You may claim your credit online in Your Briefcase, and UT Law CLE will report credit on your behalf to the State Bar of Texas. A Certificate of Attendance will be provided in Your Briefcase for your records. The system reports Texas CLE credit every Tuesday. If you are claiming credit in the last week of your birth month, self-report your CLE credit directly to the State Bar of Texas at texasbar.com, using the course number provided on your certificate of attendance.

California – 11.00 hrs | 2.00 hrs Ethics

You must claim your credit online in Your Briefcase, and will then be provided a Certificate of Attendance for your records. UT Law CLE is required to provide the State Bar with electronic attendance records for any MCLE participatory activity within 60 days of completion of the activity. The California licensee is responsible for reporting their compliance/credit hours earned to the State Bar at the end of their reporting period directly to the State Bar of California at calbar.ca.gov. UT Law CLE will maintain Attendance Records for four years.

Other Credit

TX Accounting CPE – 13.00 hrs

The University of Texas School of Law (Provider #250) live conferences are presumptively approved by The Texas State Board of Public Accountancy for Texas Accounting CPE credit based on a 50-minute credit hour. Approved for general CPE credit only.

At the conference, you are welcome to sign in on the Accounting CPE Record of Attendance form at the registration desk, but we are now reporting all credit online. You will receive a Texas Accounting Certificate of Completion in Your Briefcase. Self-report your CPE credit directly to TSBPA. UT Law CLE will maintain Attendance Records for four years.

Contact us at accreditation@utcle.org if you have additional questions.

Key Dates

Houston – Aug 23-24, 2012 – Four Seasons Hotel

Conference Concluded

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Houston

Standard Registration
Last day for $555.00 Regular pricing: Aug 15, 2012

$605.00 for registrations received after this time

Green Registration - USB Key ONLY
Last day for $525.00 Regular pricing: Aug 15, 2012

$575.00 for registrations received after this time

Last day for cancellation (full refund): Aug 17, 2012

$50 processing fee applied after this date

Last day for cancellation: Aug 20, 2012

Venue

Four Seasons Hotel

1300 Lamar St
Houston, TX
713.650.1300 (reservations)
Map

Accommodations

$230.00 good through Aug 8, 2012

Parking Information

Valet $15 per day; Overnight Valet $30; Self-parking available in nearby lots

Our Sponsors

Thank you to our sponsors! Click each logo below to learn more.

Haynes and Boone, LLP

Haynes and Boone knows the domestic and international physical and financial energy markets. We have significant depth of practice in transactions involving upstream, midstream and downstream oil and gas, natural gas liquification, regasification, electric power generation, transmission, marketing, ISO and RTO transactions, wholesale and retail power sales, and hedging and tolling agreements. We have a strong regulatory group including FERC and state commission work, including before the Public Utility Commission of Texas, the Electric Reliability Council of Texas, and the Railroad Commission of Texas.

Our Energy Practice Group is comprised of more than 80 attorneys and other industry professionals with diverse backgrounds, experiences and skill sets specific to the energy industry. We are very active in deals relating to both traditional energy sources and alternative or renewable energy resources. As a firm with a significant Texas base, we regularly represent a wide variety of industry clients in the energy sector from Fortune 100 companies to individuals. www.haynesboone.com
Jackson Walker L.L.P.

Jackson Walker has been a leader in energy law since the late 1800s. One of the firm's founding partners, A.W. Walker, Jr., was responsible for developing many of the fundamental concepts of modern oil and gas law. This experience has led energy companies worldwide to select Jackson Walker as their legal counsel. Today, Jackson Walker attorneys continue the tradition started by our founding partners as leaders and innovators in the energy industry.

Jackson Walker fully understands every segment of the industry and how each segment functions as a part of the overall value chain. We are able to provide high levels of service to our energy clients in a broad range of diverse specialties such as bankruptcy, tax, regulatory, litigation, environmental, intellectual property, corporate finance, mergers and acquisitions and any number of other practice areas. Jackson Walker began by providing legal services to the energy industry and we remain committed to continuing and expanding upon that tradition. www.jw.com
Locke Lord LLP

Locke Lord's energy attorneys serve as trusted counsel to a broad range of companies ranging from start-ups to multinational energy companies, both on domestic and international matters. Our depth and diversity of practice in the energy arena places us in the very top tier of energy lawyers.

Our attorneys are involved in all aspects of the energy value chain. The firm is not only prominent in traditional oil and gas—our lawyers' experience is on the cutting edge of the most current energy enterprises. We are deeply involved with exploration and production, gathering/processing/storage, natural gas, oil and product storage and pipeline transmission, liquefied natural gas (LNG), refining, power generation, commodity marketing and trading, and all parts in between. We have extensive experience in energy mergers and acquisitions, project development, litigation, finance, and regulatory matters in state and federal agencies, including before the Federal Energy Regulatory Commission (FERC). www.lockelord.com
Vinson & Elkins LLP

V&E's global energy practice began in Texas more than 90 years ago, but today encompasses energy hubs, political capitals, and financial centers around the world. Consistently named the "World's Leading Energy Law Firm" by Euromoney (2010-2011), Vinson & Elkins assists clients involved in all facets of the energy and natural resources industry as well as clients in other industries facing energy-related issues.

The scope and depth of our law firm's global energy practice enable us to provide comprehensive representation to our clients, combining an ability to identify and understand the issues that they face and to craft solutions that are right for them. With recognized leaders in nearly every energy discipline, more than 400 V&E lawyers regularly advise clients on energy-related matters. www.velaw.com

11th Annual

Gas and Power Institute

Houston Aug 23-24, 2012 Four Seasons Hotel Conference Concluded

Buy

Related products: Materials

Overview

Event Schedule

Thursday Morning, Aug. 23, 2012

Thursday Afternoon, Aug. 23, 2012

Friday Morning, Aug. 24, 2012

Conference Faculty

John K. Arnold

Kristy Ashley

Dan M. Berkovitz

Talmage Boston

James D. Braddock

Steven H. Brose

Wilson Chu

Tammy Cooper

Kenneth S. Culotta

Craig R. Enochs

Amanda J. Frazier

Barrett R. Howell

Gregory K. Lawrence

Bill Magness

James E. Mann

Charles B. McFarland

Kenneth E. McKay

Mary S. Mendoza

Jeffrey Jon Nichols

Bradley Olsen

Gayle M. Patton

Rhys Roberts

Tiffany Lyn Silvey

Barry T. Smitherman

Mark R. Spradling

William J. Taylor III

Sabina D. Walia

Jeffrey Dan Watkiss

Planning Committee

Diana M. Liebmann—Co-Chair

Kathleen E. Magruder—Co-Chair

John K. Arnold

Meredith Berger Chambers

Paul W. Chung

Kenneth S. Culotta

Shonnie L. Daniel

Merida De La Pena

Clare H. Doyle

Robert D. Eickenroht

Ann A. Hawkins

Michelle E. Hicks

Norma Rosner Iacovo

Kathleen C. Lake

Philip K. Lau

Joseph D. Naylor

Michael P. Pearson

Shemin V. Proctor

Marty Jo Rogers

Paul E. Vrana

Sarah B. Wolfe

Credit Info

MCLE Credit

Other Credit

Key Dates

Venue

Four Seasons Hotel

Accommodations

Parking Information

Our Sponsors

Stay in the loop with UT Law CLE

11^th Annual

Houston Aug 23-24, 2012 Four Seasons Hotel
Conference Concluded