CALIFORNIA CAP AND TRADE: PREPARING FOR DYSFUNCTION

March 3, 2011

12:00 – 1:30 p.m. Eastern Time
 

California’s greenhouse gas emissions trading program is approved in part and will  develop further over the next six months. Major components of the cap-and-trade  program remain to be finalized. Many of the program’s components have seemingly  

been adopted without regard for how they create competition among utilities,  businesses, and even residential customers for the right to continue using fossil  fuels. Key elements regarding how the program will treat imports of energy and  interstate competition have yet to be worked out. Litigation is likely to slow down  the implementation of the program.  In the face of the mounting uncertainties concerning the program’s impacts on  the California economy and the commencement of the first compliance period in  less than 11 months, how should you plan for the future? What costs should you  anticipate, and how can you position your business to avoid a worst-case outcome?  How many allowances will be available and at what cost? Join us online to discuss  the answers to those questions and other pertinent aspects of California’s cap-andtrade program.
 

• Energy professionals involved in renewable and clean energy development

• Independent power producers

• Government officials and environmental staff members

• Public utility staff members

• Attorneys involved in renewable and clean energy

• Environmental professionals
 

• Discuss the proposed California cap-and-trade system and the likely impacts  upon prices

• Identify gaps in the allocation system and appraise your risk of not receiving  allowances

• Recognize and explain the competition in the allowance markets and the need  to plan for scarcity

• Discuss and formulate comments that will encourage regulators and legislators  to reconsider
 

• Overview of the California cap-and-trade program

• Description of program status and future regulatory action

• Discussion of the top five problems faced by regulated entities

• Strategic options for adapting to a constrained carbon environment

• Key uncertainties in the program and actions you can take to influence outcomes

 

Robert F. Lawrence, Partner, Orrick, Herrington & Sutcliffe

Bob Lawrence has represented energy companies in California and across the country for more than 25 years. His areas of  

expertise include financing of energy projects, renewable project development, environmental law, and trading programs  

relating to energy matters. He has represented major utilities, major oil companies, and a wide range of independent players,  

including independent power producers, lenders, and investors, in California. He has advised Fortune 500 corporations on  

cap-and-trade issues since the late 1980s. He has frequently spoken on environmental topics and has published several  

articles on environmental trading regimes, including the recently adopted cap-and-trade program under California’s AB32.

LOGGING IN TO THE WEB CONFERENCE

After registration, each registrant will receive a confirmation of payment or an invoice, depending on method of payment.  

Each registrant will also receive an e-mail with appropriate login information and more information regarding the event 24  

hours prior to the start of the event. To log on, you will need a Windows PC with a broadband connection and audio system.
 

A site connection allows a single connection to the Web conference. That connection is open to any number of users in a  

collaborative setting. Because there are no travel expenses and only a single registration fee is required, each additional  

participant lowers the cost per participant significantly.
 

By purchasing a site connection, you can invite as many people as you would like to view and participate in the session from  

a single location. Set up the session in a conference room and project the presentation and chat on a large screen. You also  

have rights to distribute copies of the presentation materials to everyone involved. Please note that audio is received via the  

computer sound system and must be broadcast to your group.
 

If for any reason a relevant stakeholder cannot co-locate for the session, we encourage you to include that person by  

purchasing an additional connection at the reduced fee of $195 per session. This will ensure that every member of a team  

receives the same relevant, timely information in the most efficient way.
 

If you have any technical or purchasing questions, please contact us at 303-770-8800.

Start Time: 12:00 p.m. Eastern Time

United States Regional Start Times:

9:00 a.m. Pacific :: 10:00 a.m. Mountain :: 11:00 a.m. Central :: 12:00 p.m. Eastern  

Use the time zone converter at (http://www.timezoneconverter.com/cgi-bin/tzc.tzc) to find your correct start time.