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Agenda - Energy Finance Forum

Day One, Wednesday September 21st

8.15am Registration and morning refreshments

9.00am Chairperson’s opening remarks
Richard Langberg, Executive Director, Project Finance North America, BBVA

9.15am Keynote address: Reforming the energy vision
Richard Kauffman, Chairman of Energy & Finance for New York, Office of Governor Andrew M. Cuomo

9.45am Rising bank costs and downward pressure on spreads: Analysing the impact on deal flow and energy project funding

  • With rising funding costs and downward pressure on spreads, will we see a reduction of bank capital availability for the US energy sector?
  • How are tenors being effected?
  • How are developers responding to the changing bank loan environment?
  • What alternative markets are developers pursuing?  Are developers still considering Term Loan B facilities? 

Jeetu Balchandani, Head of North American Infrastructure Debt, Blackrock
Vikrant Prakash, Director, Infrastructure, Power & Utilities, Scotiabank
Jean-Pierre Boudrias
, Managing Director, Investment Banking Division, Goldman Sachs
Ravina Advani
, Managing Director, BNP Paribas
Nick Bellamy
, Managing Director, Crédit Agricole
Moderator: Kerri L. Fox, Managing Director and Head, Project Finance North America, BBVA


10.30am Morning refreshments and networking break

11.15am Examining the capacity of the PJM market for future conventional power deals

  • How are banks evaluating continued demand in the PJM market and will pricing and tenors remain competitive?
  • Is the lending community going to be there for planned new builds in conventional power? Do banks have enough dry powder available?
  • Analysing the risk and investment viability of new builds with low wholesale power prices
  • Is there a potential overbuild on the horizon? How are debt and equity investors addressing this risk?

Bob Simmons, Partner, Panda Power Funds 
Gregory Van Dyke,
 Chief Financial Officer, Tenaska
Greg Remec
, Senior Director, Head of US Energy & Project Finance, Fitch Ratings
Moderator: Michael Reese, Partner, Pillsbury


12.00pm Building the grid of the future: Overcoming obstacles in the development of new energy transmission

  • Developing strategies for addressing sighting, cost allocation and approval issues
  • Identifying the sources of financing for cross-state transmission lines
  • Clean Line Energy: A breakthrough in transmission development?
  • Will the Department of Energy partner with more independent transmission developers and how would this affect market dynamics?

Clarke Bruno, Senior Vice President & General Counsel, Anbaric
David Berry, Chief Financial Officer, Head of Strategy, Clean Line Energy Partners
Davion Hill
, Energy Storage Leader Americas, DNV GL
Moderator: Jacob Worenklein, Chairman and Chief Executive Officer, US Grid Company

12.45pm Lunch and networking break

2.00pm What is driving the resurgence of merchant & quasi-merchant power plant financing in North America?

  • Exploring the sponsor prospects for refinancing merchant deals
  • What type of investors are attracted to merchant deals and where are the price points?
  • How do lenders view the risk profile of merchant and quasi-merchant deals? Are less banks putting money into this space?

Steve Ryder, Senior Vice President, Chief Financial Officer – Operating Business Group, Invenergy
James Berner, Managing Director, First Reserve
Michael Dorenfeld,
Executive Director, HPS Investment Partners
Stuart Murray
, Managing Director, Project & Infrastructure Finance, Citi
Moderator: Spencer Ivey, Director, Infrastructure Debt, AMP Capital


2.40pm Tax equity renewal: Assessing the long-term prospects for the wind and solar industry

  • Is there enough tax equity to meet future project demands and increased renewable energy development? Is there enough to do back-leveraged loans?
  • What are tax equity investors focussing on?
  • Evaluating the impact of tax credit phase-downs on equity investment
  • Will we continue to see lower pricing of PPAs from utility companies?

Thomas Plagemann, Executive Vice President, Head of Capital Markets, Vivint Solar
Stuart Ashton
, Director – Structured Leasing and Tax Investments, MetLife Private Capital Investors
Albert Luu, Vice President, Global Capital Markets, SolarCity
Paul Cutler, Treasurer, NextEra Energy

3.15pm Afternoon refreshments and networking break 

4.00pm SUPER SESSION: Cross-sector lending overview: Which sectors of the market should lenders put their money into?

  • Will the 2017 elections be a catalyst for new Greenfield investment opportunities in infrastructure & energy finance?
  • Dealing with liquidity: Is there too much capital chasing the same projects? How are the banks responding?
  • Assessing long-term prospects for the North American project finance market with expanding risk appetite from financiers
  • What innovations to financing structures and terms will we see in 2017?

Nuno Dias Andrade, Head of Project & Acquisition Finance North America, Santander
James Guidera
, Managing Director & Group Head, Energy & Infrastructure North America, Credit Agricole CIB
Kerri L. Fox
, Managing Director and Head, Project Finance North America, BBVA
Juan Kreutz
, Managing Director, Head of Specialized Finance – North America, SMBC
Moderator: Tom Murray, Managing Director, Apollo Global Management


4.45pm SUPER SESSION: Champagne roundtables 
Led by an expert moderator, the roundtables will create an informal environment to discuss and debate sectorial, regional and thematic issues over a glass of champagne. Delegates will be able to move around tables, maximizing networking and learning opportunities.

  • Transport
    Host: Thilo Tecklenburg, Chief Operating Officer North America, Meridiam
  • Social Infrastructure
    Host: Nuria Haltiwanger, Chief Executive Officer, ACS Infrastructure Development
  • Water Infrastructure
    Host: Mike Heitmann, President & Chief Executive Officer, Garney
  • Wind Power
    Host: Himanshu Saxena, Senior Managing Director, Starwood Energy Group
  • Solar Power
    Host: Thomas Plagemann, Executive Vice President, Head of Capital Markets, Vivint Solar
  • Energy Storage
    Host: Kiran Kumaraswamy, Market Development Director, AES Energy Storage
  • Conventional Power
    Host: Michael Ferguson, Director, North American Energy Infrastructure, S&P Global Ratings
  • Alternative Debt
    Host: Patrick Trears, Principal, AMP Capital
  • Institutional Investment
    Host: Mansi Patel, Director, MetLife Private Capital Investors
  • Roads

5.45pm Chairperson’s closing remarks followed by drinks reception

Day Two, September 22nd 2016

8.45am Morning refreshments

9.15am Chairperson’s opening remarks
Michael Ferguson, Director, North American Energy Infrastructure, S&P Global Ratings


09.30am Keynote address
​John J. MacWilliams, Associate Deputy Secretary, US Department of Energy

10.00am Will energy storage be the future for revolutionising North America’s energy market? 

  • Understanding the impact of energy storage on power costs: How will this influence future PPAs and energy pricing?
  • Where are the bankable financing and investment grade opportunities in energy storage?
  • Overcoming challenges: What progress is needed for renewable energy storage to be financeable?
  • Could energy storage be the answer to alleviating the limitations of transmission?

Rob Morgan, Chief Strategy Officer & EVP Business Development, Americas, RES Americas
Ric Abel, Managing Director, Prudential Capital Group
Chris Gerlach, Vice President- Finance, Solar Reserve
Davion Hill
, Energy Storage Leader Americas, DNV GL
Kiran Kumaraswamy
, Market Development Director, AES Energy Storage
Moderator: Milosz Zemanek, Partner, Torys

10.45am Morning refreshments and networking break

11.15am What does the future development of new LNG export facilities look like for North America?

  • Scrutinising the credit quality of off-takers in the LNG market and the implications for deal closure
  • Assessing the impact of commodity prices on future LNG developments: Are sponsors looking to monetise assets?
  • Can utilising modular equipment to achieve cost efficiencies facilitate faster deal closure?
  • When will the backlog of projects come to fruition? Is the bond market open to LNG refinancing and are sponsors considering this?

Oliver Tuckerman, Director, Strategy & Analysis, Cheniere EnergyJames Kaiser, Managing Director, Energy, Infrastructure and Real Estate, HSBC
Klimczak, Managing Director, Galway Group
James Kaiser
, Managing Director, Energy, Infrastructure and Real Estate, HSBC
Moderator: Bill Harrison, Executive Director, Project Finance North America, BBVA

11.55am Embracing the changing dynamics in renewable energy and seizing new opportunities in distributed solar

  • Capitalising on the potential of community solar and scaling the market up: When will projects reach critical mass for large bank financed deals? 
  • How will Nevada’s rollback on net metering fees impact the rest of the residential solar market?
  • A closer look at residential solar financing from the bank versus bond market
  • Understanding the economics of securitisations and aggregation facilities

Mike Gordon, Chief Executive Officer, Joule Assets
Lawrence Orsini, Founder & Principal, LO3 Energy
Trevor d’Olier-Lees, Senior Director, Infrastructure – Project Finance, S&P Global Ratings
David Nelson
, Executive Director, Energy Finance, Climate Policy Initiative
Moderator: Nicholas J. Addivinola, Senior Director, Origination and M&A, ET Capital

12.35pm Capitalising on the wave of energy asset refinancing and M&A activity in North America

  • What does pricing look like and how are deals being refinanced?
  • Discussing the implications for deal economics of future projects
  • How is M&A activity impacting the need for refinancing capital?
  • Anticipating the next wave of secondary market opportunities

Patrick Verdonck, Vice President, Starwood Energy Group
Sidd Manjeshwar, Vice President, Corporate Finance, M&A and Treasury, Dynegy 
James Marshall
, Managing Director, Mergers and Acquisitions, The AES Corporation
Paul Colatrella
, Managing Director, Ares Group
Moderator: Nuno Dias Andrade, Head of Project & Acquisition Finance North America, Santander

1.15pm Chairperson’s closing remarks followed by lunch and close of conference