May 7-9, 2008 The Phoenician, Scottsdale, AZ

Transcription

1 Financing Wind Power: The Future of Energy May 7-9, 2008 The Phoenician, Scottsdale, AZ Sponsored by The Institute for Professional and Executive Development, Inc.

2 Why you should attend There are tremendous opportunities presenting themselves in the wind energy field. Although less than one percent of the nation s electricity is currently supplied by wind power, experts have concluded that with today s technology there is theoretically enough wind power potential in the United States to supply all of the Nation s electricity, and sufficient wind for commercial power production can be found in at least 46 states. The Bush administration has also stated that wind energy can provide as much as 20 percent of the Nation s energy needs. Given America s focus on the environment and its quest for alternative energy sources, legislative and administrative proposals are pending that could make this a reality. This three-day conference will focus on: current debt and tax credit equity structures for wind financing, providing a solid understanding of how deals come together; up-to-date information on pending legislation and current federal and state policies for wind energy; techniques for minimizing permitting, zoning, environmental, and other regulatory roadblocks; best practices for financing, warranties, and debt and tax structuring, including addressing investor concerns; special issues and tactics for locally owned, locally beneficial community wind projects; and methods for raising capital to fuel wind energy companies. comments from 2007 conference attendees: This conference covered many aspects of wind energy all phases and provided a good understanding of project financing. I was very impressed. There was a wide variety of topics, great diversity among the attendees and high quality speakers. I enjoyed the interest (and) energy of the attendees, the networking and the good balance between basic and advanced issues. This was a very professionally executed conference; bottom line: impressed overall.

3 Who should attend Developers who are currently working in the wind energy industry as well as developers in other fields such as conventional energy projects, real estate development, and community revitalization projects who are thinking about applying their expertise in bringing together debt and equity sources of financing in the development of other projects to develop wind projects Investors and lenders who want to learn about the current state of the wind finance industry and who see the opportunity and potential of this alternative energy source Government agencies looking for practical and cost-effective ways to encourage wind and other renewable sources of energy as well as looking to understand what pieces of the financial puzzle can be met by the private sector and which pieces require governmental encouragement Energy and tax accountants, lawyers, environmental consultants and other professional advisors who need to know the current trends in wind project finance or who want to enhance their practice in the wind energy industry Wind industry service providers, including turbine and component manufacturers, construction companies, wind resource consultants, and asset managers who want to meet wind energy developers and transaction participants Venture capitalists and company financiers seeking opportunities from among the next wave of wind and renewable energy entrepreneurs The Institute for Professional and Executive Development, Inc. (IPED) is a Washington, D.C.-based seminar company founded in 1975 to provide high quality continuing education for professionals in a variety of industries, including energy, lending, equity investment, affordable housing, community development, tax credits, government-assisted development, venture capital, environment, renewable tax credits (i.e., wind, solar, coal, sustainable development), management, real estate, accounting, law, intellectual property, business, and other financial services. IPED, Inc. is an affiliate of Nixon Peabody LLP.

4 On-Line Registration Available Name: Financing Wind Power: The Future of Energy May 7-9, 2008 / The Phoenician, Scottsdale, AZ Title: Organization: Address: City: State: Zip: Phone: PAYMENT INFORMATION $895 General Registration Fee $695 Non-Profit/Government/Education Organization Registration Fee (Proof of tax-exempt status must accompany registration.) Deduct $100 for Early Registration Offer (if registering before April 7, 2008) $ TOTAL to be paid by Visa MasterCard Check (made payable to IPED, Inc.) CREDIT CARD INFORMATION Name as it appears on the card: Card #: Expiration date: 3-digit security code (on back): Signature: Is the address above the same as the billing address? Yes No If No, please provide billing address: Fax registrations to IPED, Inc. at If paying by check, please mail with this Registration Form to: IPED, Inc., 401 Ninth Street NW, 8th FL South, Washington, D.C IMPORTANT: Please be sure to read and understand the information provided under Registration Information, especially the Cancellation Policy. If you have questions, please contact IPED, Inc. at

5 Wednesday, May 7, :00 PM Registration 5:00 PM 3:00 PM Optional Pre-Conference Session: Wind Basics For those without a strong background in the wind industry, this session will provide a succinct introduction to how wind fits into the energy situation in the United States. It will also provide a basic overview of the process of developing and financing a wind energy project, including the principal obstacles and structuring issues. Sessions on Thursday and Friday will reference this basic knowledge. Energy in the United States Why wind? Siting a wind project Environmental concerns The Production Tax Credit (PTC) Renewable Portfolio Standards (RPS) Equity, debt, and turbine finance 6:00 PM Opening Reception for All Participants, Speakers and Sponsors 8:00 PM Thursday, May 8, :30 AM Registration and Complimentary Continental Breakfast 8:30 AM Welcome and Introductions 8:45 AM Legislative Update and Policy Panel Washington, DC, insiders will provide an up-to-the-minute status report on pending legislation, including the Production Tax Credit (PTC) extension prospects and other hot federal issues. Legislative changes in Congress in 2007 Prospects for long-term extension of the PTC Federal and state renewable portfolio standards 9:30 AM Siting, Real Estate, Environmental, and Regulatory Issues for Wind Projects: Wind Resource Evaluation, Zoning, Real Estate, and Environmental Permitting Wind resource evaluations Local zoning and planning approval process, including Not In My Backyard (NIMBY) objections Easements, ground leases, and other title issues Environmental impact review Environmental approvals

6 10:30 AM Coffee Break 10:45 AM Siting, Real Estate, Environmental, and Regulatory Issues for Wind Projects: Wildlife, Energy Regulatory, and Other Issues Birds, bats and other wildlife issues FAA and radar concerns Grid interconnection agreements Federal Energy Regulatory Commission (FERC) and state equivalent reviews Transmission issues Power purchase agreements versus merchant plants Special issues for off-shore projects NOON Complimentary Networking Lunch 1:30 PM Debt Panel A panel of seasoned experts explains what is happening in today s ever-changing debt marketplace. Turbine financing Construction financing Permanent financing Current market pricing and terms What the future holds Clean Renewable Energy Bonds (CREBs) 2:30 PM Equity Finance This panel of institutional investors and professionals will share their knowledge of what is happening in today s equity markets for wind projects, including the latest trends in deal structuring. How investors evaluate project risks Risk sharing between developers, investors, and lenders 3:30 PM Coffee Break 3:45 PM Tax and Accounting Issues This panel of expert tax and accounting professionals will delve into the tax structuring issues currently affecting the markets for equity investments, as well as the latest in Internal Revenue Service hot buttons. Partnership allocations and flip structures Tax investor exit strategies The profit motive question 5:45 PM Networking Cocktail Reception for All Participants, Speakers, 7:30 PM and Sponsors

7 Friday, May 9, :00 AM Registration and Complimentary Continental Breakfast 8:30 AM Opening Remarks 8:45 AM Putting It All Together: Case Studies and Practical Lessons Learned from Successful Wind Energy Transactions This panel of wind developers and investors will share lessons learned from successful wind projects and tell how they can be applied to today s wind developments. 9:30 AM Community Wind This panel will address those issues of particular concern to developers of and investors in smaller community-scale wind projects, as well as creative ways to surmount barriers to community-scale wind development. Why community wind? Public policy to promote community wind The Small Turbine Investment Tax Credit Real world success stories for community wind 10:30 AM Coffee Break 10:45 AM New Markets Tax Credits and State Tax Credits for Wind This panel will discuss innovative strategies for combining Production Tax Credits with New Markets Tax Credits and/or State Tax Credits to build and revitalize communities. New Markets Tax Credits Basics Using New Markets Tax Credits for Wind State Tax Credits for Wind The interplay between New Markets Tax Credits and Production Tax Credits and/or State Tax Credits Noon Conclusion of the Program Instructional Information All sessions will be presented by on-site speakers and will include individual presentations, panel discussions, question-and-answer opportunities, and/or workshops. When applicable, reference and/or course material will be provided for each registrant. No formal prerequisites or advanced preparations are required, but attendance at the Optional Pre-Conference Session: Wind Basics on Wednesday, May 7 is highly recommended for those new to the wind industry. Special Needs: Any person with a disability who believes he/she may need reasonable accommodations to participate should contact IPED no later than 4 weeks prior to the conference start date. Recommended Dress: Business Casual.

8 The Speakers Anntonette Z. Alberti, JD, Vice President, Commercial Program Development, Tetra Tech EC, Inc., Saratoga Springs, NY Jason Cavaliere, Executive Director, Morgan Stanley Global Capital Markets, New York, NY Richard M. Cogen, Esq., Partner, Nixon Peabody LLP, Albany, NY* Lisa M. Daniels, Executive Director and Founder, Windustry, Minneapolis, MN Daniel E. DuBois, Director, Business Development, Acciona Energy North America Corporation, Wynantskill, NY Dennis J. Duffy, Vice President Regulatory Affairs, Cape Wind Associates LLC/ EMI, Boston, MA James F. Duffy, Esq., Partner, Nixon Peabody LLP, Boston, MA* John M. Eber, Managing Director, Energy Investments, JPMorgan Capital Corporation, Chicago, IL Matthew Ferguson, Principal, Reznick Group, P.C., Vienna, VA Paul J. Gaynor, President and CEO, UPC Wind Management, LLC, Newton, MA Michael J. Goldman, Esq., Associate, Nixon Peabody LLP, Washington, DC* Jessica A. Graf, Esq., Associate, Nixon Peabody LLP, Boston, MA* Clifford M. Kenwood, President, Rebirth Capital, LLC, New Orleans, LA Ruth E. Leistensnider, Esq., Partner, Nixon Peabody LLP, Albany, NY* Forrest David Milder, Esq., Partner, Nixon Peabody LLP, Boston, MA* Peter V. Murphy, Director, Standard & Poor s, New York, NY Bob Percopo, Executive Vice President, Project Finance Advisory, AIG Global Marine & Energy, New York, NY Daniel J. Smith, Partner, Novogradac & Company LLP, Dover, OH Andrew Stern, President, New England Windpower, LLC, Cambridge MA Stephen B. Tracy, Partner, Novogradac & Company LLP, San Francisco, CA Eric White, Director of Engineering, AWS Truewind, LLC, Albany, NY *Planning Committee Accreditation Continuing Legal Education (CLE) IPED will seek approval for continuing legal education credits on an as needed basis. Please indicate on your registration form if you need these credits. State bar associations have the final authority on the acceptance of individual courses and IPED will do everything it can to ensure these requirements are met when seeking approval. Continuing Professional Education (CPE) IPED is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards have final authority on the acceptance of individual courses for CPE Credits. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN ,

9 Registration Information On-line registration is available and preferred at The registration fee includes all applicable sessions, refreshments, lunches, receptions, and reference and/or course materials unless otherwise noted. Payment must be received by April 27, 2008, to ensure your registration. IPED accepts Visa, MasterCard, and payment by check. Government purchase orders and American Express are not accepted. There are NO EXCEPTIONS to this policy. $895 General Registration Fee $695 Non-profit/Government/Education Organization Registration Fee (Proof of tax-exempt status must accompany registration.) Early Registration Offer: Save $100 if registered by April 7, 2008! Group Discount: For 3-5 registrants, deduct $50 per person from the applicable rate. For 6 or more registrants, deduct $100 per person from the applicable rate. To receive this discount, you must register all individuals in one transaction. This discount CANNOT be combined with any other offer, including the Early Registration Offer. Cancellation Policy Registrations made on-line must be cancelled on-line. Registrations made via fax or mail must be cancelled in writing via mail, fax or to the IPED office. Mailing address: IPED, Inc., 401 Ninth Street, NW, 8th Floor, Washington, DC Fax: info@ipedinc.net. Cancellations requested on/before April 26, 2008, are eligible for a refund minus a $225 administrative fee. Cancellations requested on/after April 27, 2008, will forfeit the entire registration fee. Fees, dates, and cancellation policy subject to change. In rare instances when a conference is rescheduled or cancelled, IPED will fully refund the registration fee, but is not responsible for other costs incurred, such as nonrefundable airline tickets. Please visit for the latest details. Conference Site & Accommodations The Phoenician, 6000 East Camelback Road, Scottsdale, Arizona / IPED has secured a block of rooms at a rate of $295 per night through April 7, Reservations made after April 7 or after the room block has been filled will be taken on a space available basis and higher rates may apply. To make your reservation, please contact the hotel directly and ask for the IPED Room Rate. About The Phoenician* The Phoenician is nestled on 250 acres at the base of Camelback Mountain just nine miles from Phoenix Sky Harbor International Airport. Blue skies, warm sunny days and the rich colors of the great American Southwest compliment the lavish resort decor as does the exceptional service you would expect from a fine private club. A recipient of the AAA Travel Guide Five Diamond Award, The Phoenician offers a 22,000 square foot Centre for Well-Being Spa; a 27-hole championship golf course, clubhouse, and pro shop; tennis garden featuring 12 secluded courts; nine heated pools and 165-foot water slide; nine restaurants and lounges; and daily guest activity programs. The Phoenician is owned by Starwood Hotels & Resorts Worldwide as part of The Luxury Collection. *Source:

10 The Institute for Professional and Executive Development, Inc. 401 Ninth Street, NW, 8th Floor South Washington, DC