Law Seminars International Presents: A comprehensive conference on best current solutions for

Structuring and Financing Renewable Energy Projects
For large scale utility and distributed generation projects

(For this past program, we offer two options for purchase: a Homestudy (DVD and written materials) or written materials alone.)



June 14 & 15, 2012
Sir Francis Drake Hotel in San Francisco, CA

Who Should Order This Homestudy

Attorneys, industry executives, energy and finance professionals, governmental officials, and advocates involved with renewable energy resource development nationally and particularly in the western states

Why You Should Order

In this presidential election year, with newly accessible natural gas reserves and low prices, United States solar, wind and other renewable energy industries are under continuing political and market pressure to become more cost-competitive with conventional power plants. Grants, rebates and tax incentives are policy tools used at both the federal and state levels to help reduce the cost of capital for renewable energy projects, while on the revenue side, many states in the West are also using RPS and FIT programs to support creation of the predictable cash flows necessary for project financing.

Congress did not renew the 1603 cash grant program under the "stimulus bill" beyond 2011, and the 1705 loan guaranty program also expired last year. Unless extended by Congress, the IRC Section 45 production tax credit historically relied upon by the wind energy industry will also expire at the end of 2012. What now?

In this conference, leading attorneys, developers, equity investors, lenders, utilities and energy finance policy experts will examine the challenges and possible solutions for structuring and sourcing development, construction and permanent financing for United States renewable energy projects in 2012 and 2013.

~ Dirk Michels, Esq. and John Spilman, Esq., Esq., Program Co-Chairs

What You Will Learn



Agenda

Thursday, June 14, 2012

8:00 am

Registration & Continental Breakfast

 
8:30 am

Introduction & Overview

Dirk Michels, Esq., Program Co-Chair
K&L Gates LLP / Palo Alto, CA

John Spilman, Esq., Program Co-Chair
Cleantech Law Partners, P.C. / San Francisco, CA

 
8:45 am

Federal Incentive Programs Promoting Renewables Development: What is the Current Status?

Michael King, Chair, Energy, Environment and Network Industries Practice
National Economic Research Associates, Inc. / Westminster, CO

 
9:30 am

Survey of Western States Incentive Programs

RPS and FIT: legal and business perspectives on which programs are working to facilitate finance and investment, and which are not

Graham Stevens, Associate Director
Graham Stevens / Silverdale, WA

 
10:15 am

Break: Coffee, Tea and Conversation

 
10:30 am

Setting the Stage: Overview of the Development and Finance of Renewable Energy Projects.

C. Thomas Paschall, Esq., Senior Associate
Milbank, Tweed, Hadley & McCloy LLP / Los Angeles, CA

Nam Nguyen, Vice President, Global Business Development
First Solar / San Francisco, CA

 
12:00 pm

Lunch (on your own)

 
1:15 pm

Development Financing: Market Conditions and Options for Successful Transactional Structures

Creative solutions including specialty private equity funds, joint ventures with stronger developers, foreign entrants, equipment suppliers, EPC companies; commercial banks locking up a first right of refusal to provide permanent financing later on

Jeffrey A. Chester, Esq.
Kaye Scholer LLP / Los Angeles, CA

Financial investor perspective

Karin Berardo, Chief Financial Officer
CleanPath Ventures, LLC / San Francisco, CA

 
2:45 pm

Break: Soda, Tea and Conversation

 
3:00 pm

Construction Financing: What Lenders are Looking for

Melisa Wilson, Senior Vice President
Union Bank of California NA / Los Angeles, CA

 
3:45 pm

Environmental Commodities Markets, a Macro Primer and Overview of Compliance and Voluntary Markets

Learn how to trade environmental commodities, key contracting considerations, which facilities are eligible, what is the difference between RECs and Carbon offsets, and who regulates these markets

Robin Quarrier, Esq., CRS Counsel
Center for Resource Solutions / San Francisco, CA

Jay Purcell, Co-Founder and Managing Partner
Recompense LLC / Lake Forest, CA

 
5:00 pm

Evaluations and Adjourn

 

Friday, June 15, 2012

8:00 am

Continental Breakfast

 
8:30 am

Introduction and Overview

Dirk Michels, Esq., Program Co-Chair
K&L Gates LLP / Palo Alto, CA

John Spilman, Esq., Program Co-Chair
Cleantech Law Partners, PC / San Francisco, CA

 
8:45 am

Post "Stimulus Bill" Reprise on NREL's 2009 Survey and Forecast of the Tax Equity Market

Who are the key players in the tax equity market today? Who is still a player, who has permanently left, who is returning after an absence, and who is or could be a new entrant?

Michael Mendelsohn, Senior Analyst
National Renewable Energy Laboratory / Golden, CO

 
9:15 am

Tax Equity Monetization Structures

Without 1603 cash grants, what are the various transaction structures to be used with different technologies, and why?

Mark P. Weitzel, Esq.
Orrick, Herrington & Sutcliffe LLP / San Francisco, CA

Stephen B. Tracy, CPA
Novogradac & Company LLP / San Francisco, CA

 
10:15 am

Break: Coffee, Tea, and Conversation

 
10:30 am

Utility Off-Take: Negotiating Bankable Power Purchase Agreements

Jerry R. Bloom, Esq.
Winston & Strawn LLP / Los Angeles, CA

A. Anna Capelle, Esq.
Pacific Gas & Electric Company / San Francisco, CA

Peter Vincent Allen, Esq.
California Public Utilities Commission / San Francisco, CA

 
12:00 pm

Lunch (On Your Own)

 
1:15 pm

Special Panel on Considerations for Distributed Generation Projects

David Kunhardt, Director Solar Finance
NRG Energy, Inc. / Larkspur, CA

Sophie Akins, Esq.
Best Best & Krieger / San Diego, CA

 
2:45 pm

Evaluations and Adjourn

 


Cost

Regular tuition for this program is $995 with a group rate of $745 each for two or more registrants from the same firm. For government employees, we offer a special rate of $695. For students and people in their job for less than a year, our rate is $497.50. All rates include admission to all seminar sessions, food and beverages at breaks, and all course materials. Make checks payable to Law Seminars International.

Cancellation

There is a $25 cancellation fee for Course Materials orders and $50 for Homestudy orders

Continuing Education Credits

Live credits: Law Seminars International is a State Bar of California approved MCLE provider. This program qualifies for 11.5 California MCLE credits. Upon request, we will apply for, or help you apply for, CLE credits in other states and other types of credits.





Faculty Bios

Dirk Michels, Program Co-Chair, Partner, K&L Gates LLP, practices in the Cleantech and Alternative Energy Practice Group. He advises publicly traded and privately held United States. and international cleantech and IT companies in corporate and financing matters. In 2011, he was recognized by the Daily Journal as one of the "Top 25 Clean Technology Lawyers in California" for his work in project finance.

John Spilman, Program Co-Chair, Attorney, Cleantech Law Partners, PC, specializes in renewable energy project development, sale, acquisition and finance transactions, with experience in utility-scale wind energy projects exceeding an aggregate 2,000 MW of capacity installed, in eight U.S. states and four Canadian Provinces. In 2011, the Daily Journal recognized Mr. Spilman as one the "Top 25 Clean Tech Lawyers" in California.

Sophie Akins, partner, leader of Renewable Energy Practice Group, Best Best & Krieger, LLP, is experienced in power purchase agreements for public agencies. The Daily Journal named her one of the "Top 25 Clean Tech Lawyers in California" and Law360 named her one of the "Top 10 Energy Lawyers in the United States."
Full bio and contact info for Sophie Akins at Best Best & Krieger

Peter Allen is an attorney and administrative law judge with the California Public Utilities Commission (CPUC). His work on energy and environmental proceedings includes implementation of the first renewables portfolio standard. He has represented clients in proceedings before the CPUC as an attorney at Toward Utility Rate Normalization, the City of San Diego, and Thelen Reid LLP.

Jerry R. Bloom, partner, Winston & Strawn, LLP, is chair of the firm's energy practice. His practice includes the negotiation of utility off-take and power purchase agreements. He has been ranked Tier I in Chambers Global and Chambers USA: America's Leading Lawyers for Business, and has been recognized as a Southern California Super Lawyer.

Jeffrey A. Chester, partner and head of the renewable energy project finance and development practice, Kaye Scholer LLP, is experienced in development, construction, tax structuring and project finance of renewable energy projects. He has been recognized in Chambers USA: America's Leading Lawyers for Business
Full bio and contact info for Jeffrey A. Chester at Kaye Scholer LLP

Michael King, Chair, Energy, Environment and Network Industries Practice at NERA Economic Consulting, is an economist and management consultant in electric wholesale markets, electric utility restructuring, strategy and regulation, power system planning and forecasting.

David Kunhardt is Director-Finance, of NRG Energy, Inc., a Fortune 250 wholesale power generation company, serving utilities, companies, municipalities, schools, universities and water districts.

Michael Mendelsohn is a Senior Analyst in the Market and Policy Impact Analysis Group at the National Renewable Energy Laboratory. He conducts research in renewable energy financing and utility scale solar development, with a focus on improving incentives to stimulate renewable energy development.

Jay Purcell is Co-Founder and Managing Partner of Recompense LLC, which enables renewable program participants to maximize revenue streams for their programs. He is also Founder and President, Engenuus Energy, which consults end-user clients in the reduction and optimization of energy costs.

Robin Quarrier, Counsel at The Center for Resource Solutions, develops new standards and policies for the Green-e energy Program. She manages legal issues ranging from contract negotiations, to marketing claims, and the Green-e intellectual property portfolio.
More information about Center for Resource Solutions

Graham Stevens, Associate Director, Navigant Consulting Inc., specializes in bringing products from the laboratory into production, including photovoltaic (PV), fuel cell, and wind energy systems, including review of all existing PV technologies from market, technology, and manufacturing perspectives.

Stephen Tracy, Tax Partner, Novogradac & Company LLP, represents financial investors in tax equity financings for renewable energy projects which monetize subsidies from federal and state programs including: the Investment Tax Credit, the Section 1603 Treasury Grant program, the Production Tax Credit, the New Markets Tax Credit and state rebate programs, production based incentives, feed-in-tariffs, and solar renewable energy certificates.

Mark P. Weizel, partner, Orrick, Herrington & Sutcliffe LLP, practices in renewable energy project development and finance. He is experienced in tax equity investments, acquisition negotiations, and shareholder and investment agreements. He is named by Euromoney as one of the "world's leading project finance lawyers" and one of the "world's leading energy and natural resource lawyers," and by Chambers as one of "America's leading energy lawyers."

Melisa Wilson, Senior Vice President of Leasing and Asset Finance Division of Union Bank, N.A., provides financing for the renewables industry, including structured financings, leveraged leases, single investor leases, term loans, construction loans and partnership investments. Her responsibilities include client management, transaction execution, internal credit process management, and contract reviewing.