Transmission in 2015: The Path Forward

December 23, 2014

On Wednesday December 10th, TAG Energy Partners hosted its 10th Power Transmission Roundtable, entitled “Transmission in 2015: The Path Forward,” at the Cornell Club in midtown Manhattan.  This was the eighth such event that we have co-hosted in New York alongside law firm Wright & Talisman.  We have also co-hosted events with Wright & Talisman in Boston and Washington, DC.

This year, participants included a record number of strategic players.  Although they were a small portion of total participants, the dozen or so utility affiliates and energy companies with an interest in transmission were a new and welcome addition to the event.  And, as in years past, we had broad participation from the private equity and infrastructure investment community. Overall, we experienced record breaking attendance.

Speakers included Commissioner Phil Moeller of the Federal Energy Regulatory Commission. Commissioner Moeller has joined us as a speaker before and, as always, his comments regarding the power transmission business were insightful.  We were also joined by Jim Muntz, President of Transmission for Northeast Utilities Service Company. This was Jim’s second appearance on our panel. Also featured was Jason Smith, President of TransCanyon, the recently announced transmission joint venture formed by Pinnacle West and Berkshire Hathaway.  We were also joined by Rick Green, former CEO of Aquila, who now runs Corridor InfraTrust.  Corridor is a REIT focused on bringing an efficient financing structure to the power transmission business.  Rick provided an overview of how a REIT works and its applicability to power transmission. The panel was rounded out by Al Statman, President of Wright and Talisman, and Scott Medla, Partner of TAG Energy Partners.

Discussion revolved around recent trends and new regulatory incentives in the power transmission industry and their corresponding implications. After years of underinvestment, the power transmission industry has been slowly ramping up to accommodate the new transmission requirements arising in a growing economy and to serve a changing mix of generation and load. As the economy has finally taken hold, the signals for construction of new assets have resulted in enormous volumes of investment in new transmission equipment.  During the next half of this decade, investment is expected to be even higher. For this audience, however, the focus was on independent transmission.  Whether from the efforts of a truly independent team or from a utility affiliate, transmission developed by anyone other than the incumbent is deemed independent activity and can benefit from regulatory incentives provided by the FERC and authorized under the EPA of ’05.  The discussion, therefore, was heavily flavored by important issues arising in the interplay of incumbents, independents, and their sources of capital as they seek rights to acquire, develop, build, and own the assets that form the transmission grid in this country.

TAG Energy Partners thanks our speakers and our participants for joining us, and hopes to see everyone at our next event.

Women In Energy Panel Discussion

October 4, 2012

Madeline Wang, Director at TAG Energy Partners, was featured in the “Managing Your Career in the Energy Industry” panel discussion hosted by Women in Energy NYC.  The event took place in the Olivia Building in Midtown Manhattan on October 4th, and the other panelists were Sarah Fitts, Partner, Member of the Mergers & Acquisitions Group and Co-Chair of the Energy & Natural Resources Group at Debevoise & Plimpton, LLP and Grace Kurdian, Partner at Watson, Farley & Williams.

The women discussed their own career paths and imparted genuine advice to the audience of approximately 60 women. The audience was made up of finance, law and policy professionals focusing on the energy industry, and several had also started their own businesses. Ms. Wang noted the importance of perseverance, taking initiative, and following through.  “Your career can be a very rewarding part of your life,” she said.

Feedback from the event was very positive, and TAG Energy looks forward to more events with Women in Energy NYC.

About Women in Energy NYC

Since its launch in May 2012, Women in Energy NYC has provided a forum for women involved in the energy space to connect and share industry knowledge.

 

Generation Roundtable

February 28, 2012

TAG Energy Partners in conjunction with Wright & Talisman, a prominent DC based law firm that specializes in FERC matters, hosted the eighth in a series of power industry roundtable discussions.  The session included representation from over 40 members of the power industry including utilities, independent power producers, private equity firms and banks, infrastructure investors contractors and power equipment suppliers.

The panel was moderated by Wendy Warren, Partner of Wright & Talisman, with participation from David Getts, General Manager of Southwestern Power Group; Debra Raggio, Vice President of GenOn; Jeffrey Holmstead, Partner of Bracewell & Giuliani and former Assistant Administrator of the EPA for Air and Radiation; Michael Schwartz, CEO of New Wave Energy Capital Partners; and Steve Sullivan, Chairman, President, and CEO of Ameren Energy Resources.

The panel included an insightful discussion of issues facing merchant generators including historically low power prices, capacity market designs, and investment decisions related to pending and existing environmental regulations.  Mr. Holmstead provided an articulate overview of the prospects for major environmental regulations under various election scenarios.  Further, the future of coal generators was a theme, with a particular focus on the unique southwestern market provided by David Getts who has over a decade of transmission and development experience in the region.

Energy Speaker Series
February 7, 2012

TAG Energy Partners helped organize a dynamic panel discussion, its seventh power industry event, which included a number of thought leaders from the energy industry representing a diverse and broad view of the sector. The event, co-hosted by the Alberleen Group and our Broker/Dealer, Cuttone & Co., took place at the New York Stock Exchange.

Speakers included:

  • Lucio A Noto:  Former Vice Chairman of ExxonMobil Corp
  • Pradeep K. Khosla:  Dean of the College of Engineering at Carnegie Mellon University
  • Bradford T. Nordholm:  CEO of Starwood Energy Group
  • James E. Rogers:  Chairman, CEO and President of Duke Energy Corp

Among the guests were representatives of the investment community, current and former energy industry executives, as well as TAG Energy Partners’ clients representing the power transmission, generation and renewable energy sectors. Guests were treated to a thought-provoking exchange that touched on the drivers of energy demand, commodity markets, and the role of technology.

 

Transmission Roundtable

September 27, 2011

TAG Energy Partners in conjunction with Wright & Talisman, a prominent DC based law firm that specializes in FERC matters, hosted the sixth in a series of power industry roundtable discussions all on the topic of power transmission. The session included representation from over 40 thought leaders in the power industry including private equity firms and banks, infrastructure investors, power equipment suppliers, consultants, contractors and a utility.

After opening remarks by TAG Energy Partner, Steven Casey, a lively panel discussion followed. The panel was moderated by Wendy Warren, Partner of Wright & Talisman with participation from The Honorable Cheryl LaFleur, Commissioner of the FERC; Andrew Schroeder, Partner of EIF; Al Statman, Partner of Wright & Talisman; Scott Medla, Partner of TAG Energy Partners; and Maureen Borkowski, President of Ameren Transmission.

The timing of the event coincided with the recently issues FERC Staff Briefing on Order 1000: Transmission Planning and Cost Allocation by Transmission Owning and Operating Public Utilities. FERC1000 offers the prospect of materiality changing the strategic landscape in US power transmission. The diversity and depth of opinion evident at the event reflected the importance of the order to power and utility industry as a whole.

 

July 26, 2011

Critical Path Transmission engaged TAG Energy Partners as its exclusive financial advisor for their estimated $860mm transmission line.

October 13, 2010

Duke Energy, Integrys Energy Services, & TAG Energy’s client, Smart Energy Capital, LLC, announced the launch of a partnership to build & finance U.S. solar projects.