Tenth Annual POWER Research Conference on
Electricity Industry Restructuring

March 18, 2005
Clark Kerr Campus
Joseph Wood Krutch Theatre
2601 Warring Street
University of California, Berkeley

---

The Conference
Organized by the University of California Energy Institute’s (UCEI) Center for the Study of Energy Markets (CSEM), this conference presents the work of leading researchers on electricity industry restructuring.  Their work directly addresses a number of critical policy concerns including production and trading efficiency, forward contracting, renewable power, capacity markets, and monitoring market power.  Discussants of the work will include both researchers and practitioners.

Sponsors

Alameda Power & Telecom

California Energy Commission

California Independent System Operator

California Public Utilities Commission

ISO New England

Office of Ratepayer Advocates

Pacific Gas & Electric

Sacramento Municipal Utility District

Sempra

Silicon Valley Power

Southern California Edison

TURN

AGENDA

8:00 - 9:00 --- Registration and Continental Breakfast

9:00 - 9:15 --- Welcome

9:15 - 12:00
“The Impact of Power Plant Divestitures on Operating Performance,” James B. Bushnell (UC Berkeley) and Catherine Wolfram (UC Berkeley)

“Geographic Integration, Transmission Constraints, and Electricity Restructuring,” Andrew N. Kleit (Pennsylvania State University) and James D. Reitzes (The Brattle Group)

Discussants:
Anne Cleary (Mirant Corporation)
Erin Mansur (Yale University)

Break

“Quantifying the Supply-Side Benefits from Forward Contracting in Wholesale Electricity Markets,” Frank Wolak (Stanford University)

Discussant:
Jun Ishii (UC Irvine)

11:45 - 1:00 --- Luncheon

1:00 - 5:00
“Real Options Valuation of US Federal Energy Efficiency and Renewable Energy Research, Development, Demonstration, and Deployment,” Afzal S. Siddiqui (University College Dublin) and Chris Marnay (Lawrence Berkeley National Laboratory) and Ryan H. Wiser (Lawrence Berkeley National Laboratory)

“Effective Load Carrying Capability of Wind Generation: Initial Results with Public Data,” Ed Kahn (Analysis Group)

"Valuing the Time-Varying Electricity Production of Solar Photovoltaic Cells," Severin Borenstein (UC Berkeley)

Discussants:
Alex Farrell (UC Berkeley)
Michael Haas (Orion Energy)

Break

“A Capacity Market that Makes Sense,” Peter Cramton (University of Maryland) and Steven Stoft

“A Review of the Monitoring of Market Power,” Paul Twomey (University of Cambridge) and Richard Green (University of Hull Business School) and Karsten Neuhoff (University of Cambridge) and David Newbery (University of Cambridge)

Discussants:
James B. Bushnell (UC Berkeley)
Robert Ethier (ISO-New England)

5:00 - 6:00 --- Reception

For more information, send an email to ucei@berkeley.edu.

Dress is Business Casual