Day One, Monday 26 February 2007
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| REGIONAL ENERGY CHALLENGES AND SECURITY OF SUPPLY |
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| 08.30 | Registration and welcome coffee
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| 09.00 | Opening remarks from the chair
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| PLANNING FOR A SECURE ENERGY FUTURE |
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| 09.10 | Keynote address:
Global perspectives on energy markets and economic
integration – lessons for New Zealand
- Addressing the rising oil prices and uncertainties
- Energy use and carbon emissions
- Supply shocks and the economic transmission of these
shocks
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| 09.30 | Executive panel discussion:
Developing an effective long-term fuel choice strategy
The outlook for fuel choice: how is the fuel mix likely to evolve over the next 3 years?
- A market outlook on different fuel sources: assessing
future pricing trends
- Can market integration drive changes in the fuel mix?
- Managing risks and maximising the value of generation assets
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| 10.00 | Supply security – decisions, investments and risks
- Future new fuel sources – domestic gas / LNG / coal
- Pursuing economic renewable investments
- Progressing options for more significant future investment
– provided the market and regulatory climate are right |
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| 10.20 | The challenge of security of supply in a global context
- Security of supply in New Zealand and globally
- The importance of diversity
- Renewables, reliability and prices
- The role of thermal generation and the carbon problem
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| 10.40 | Morning coffee
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| REPUTATION, RISK AND GOVERNANCE |
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| 11.10 | The energy sector – governance, risk, strategy, direction
- Business reporting and communication – a key capital
managing tool
- Whistleblowing, energy, market and risk
- Governance arrangements – how are New Zealand utilities
faring? |
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| INVESTMENT IN INFRASTRUCTURE – BUILDING INVESTOR
CONFIDENCE |
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| 11.30 | Delivering an “optimal” transmission system in the
regulated electricity market
- Integrating planned transmission with competitive generation
- Proposed transmission upgrades – why NEW ZEALAND
can’t afford controversies
- Addressing reliability of power supply through long term
investment in the grid |
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| 11.50 | Investment in infrastructure and utilities – comparison of
risks and returns
- The key investment drivers in the infrastructu r e / u t i l i ty market
- The attractants for discretionary capital – predictability,
transparency and accountability
- Investment in infrastructure and utilities – reducing barriers
to entry, removing disincentives and providing incentives
- The competition for capital, what do investors look for?
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| | Steve Boulton, Chief Executive Officer, Babcock & Brown Infrastructure
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| 12.10 | Executive panel discussion:
Learnings after three years of regulation in New Zealand
- What has changed? Future trends
- Maintaining, upgrading, and expanding electricity networks –
the issues faced in capital allocation and investment quantum
- The regulatory impact on quality and reliability for consumers
- Managing stakeholder expectations
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| | Steve Boulton, Chief Executive Officer, Babcock & Brown Infrastructure Stephen Selwood, Chief Executive Officer, New Zealand Council for Infrastructure Development
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| 12.50 | Lunch  |
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| OWNERSHIP AND CONTROL |
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| 14.00 | New Zealand’s energy market – crisis or opportunity?
- Is New Zealand facing a major energy crisis, or can we look
at it as an opportunity?
- Critical importance of driving power infrastructure spending
- Importance of grid stability in ensuring renewable energy
generation |
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| 14.20 | Commerce Commission’s annual update
Senior executive, Commerce Commission |
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| EXPLORING THE NEW ROLE FOR THE COAL INDUSTRY |
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| 14.40 | The new role for the coal industry in a cleaner world
- Responsibility of the coal industry in the clean coal arena
- New possibilities for carbon utilization
- Carbon constraints and carbon management strategies
- Reducing risk and attracting finance for clean coal projects
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| 15.00 | Speed networking. Bring 300+ business cards

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| 15.40 | Afternoon tea
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| SECURITY OF SUPPLY, ENERGY MARKETS AND THE USER |
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| 16.10 | Effectively restructuring the energy market – a MED
perspective
- Deregulation and liberalisation action plans – what’s the
impact on power developers and investor
- What are the opportunities and threats for local and foreign
power developers ahead?
- Regulatory challenges
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| | David Smol, Deputy Secretary, Ministry of Economic Development
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| 16.30 | The electricity lines business 2009 regulatory reset:
possible key issues
- Meeting the government’s policy statement objectives
- Regulatory method and incentives for efficiency
- Appropriate returns for investors and ensuring security of
supply
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| 16.50 | Empowering the consumer – the important third pillar in
effective energy markets
- Allowing consumers to become active participants in
electricity markets
- Maximising the value of electricity for the consumer
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| FUTURE DIRECTIONS AND BUSINESS MODELS OF GROWTH |
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| 17.10 | 10 years of wholesale electricity market – the way
forward
- State of competition
- Intersecting energy markets
- Hedge market development
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| | Carl Hansen, Chief Operations Officer, M-Co, the MarketPlace Company
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| 17.30 | Transforming communications networks – future
proofing your network reliability and providing for
growth
- Achieving operational efficiency at competitive prices
- Monitoring and controlling the power grid for real-time
detection and reaction
- Capitalising on communications assets
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| | Jeff Fry, Head of Telecommunications Development, Energy Australia
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| 17.50 | Closing remarks. Cocktail reception  |
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Day Two, Tuesday 27 February 2007
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| SUSTAINABLE ENERGY MARKETS |
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| 08.30 | Welcome coffee
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| 09.00 | Opening remarks from the chair
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| ANALYSING THE DRIVERS OF SUSTAINABLE ENERGY |
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| 09.10 | Keynote address: Global sustainable market drivers – emergence of positive demand factors
- What are the avenues for the demand for renewable energy
- Analysing the two key market segments – environmental
driven markets and energy driven markets
- How competitive is renewable energy?
- Adopting hybrid energy systems
- Investor interest in clean, efficient and reliable technology
- Investment opportunities in fossil and nuclear-based fuels
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| | Kurt Yeager, President Emiritus, Electric Power Research Institute
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| 09.40 | Keynote address: Optimising the contribution of renewable energy
- Influencing investment and operational choices
- Addressing undue barriers to renewables
- Implications of future investment in wind energy
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| 10.10 | Executive panel discussion:
Addressing New Zealand’s climate change challenges
- Impact of climate change policy on New Zealand’s fuel
choice
- Business models to address climate change
- The challenge for New Zealand’s energy supply sector
- Required investments in new generation technologies
- New policy directions in addressing climate change and
driving business decisions
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| | Kurt Yeager, President Emiritus, Electric Power Research Institute Simon Young, Managing Director, Alliant Energy New Zealand Rob Whitney, Chairman, Energy Federation of New Zealand Catherine Mitchell, Deputy Director, Centre for Management Under Regulation, Warwick Business School, UK
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| 10.50 | Morning tea
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| 11.20 | Climate change: a real business risk
- Delivering reductions at an affordable cost
- Designing a long, loud and legal framework to establish
price signal
- Encouraging investment and innovation in emerging and
breakthrough technologies
- Building resilience to the impact of climate change
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| 11.40 | Tackling global carbon emissions: adopting cost
competitive carbon technologies
- Ensuring developing countries have and adopt cost
competitive low and no carbon technologies
- The struggle for business – being responsive and socially
responsible to stakeholders
- Planning for a carbon constrained and uncertain future
- How much additional cost can business take on and remain
competitive?
- Governments – taking responsibility to provide some policy
stability/predictability
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| 12.00 | State of the global carbon markets – how is New
Zealand faring?
- The significant size of the global carbon markets
- How should the market be organized?
- What are New Zealand’s concerns?
- How much investment is flowing into low carbon
technologies?
- Long term perspective
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| | Simon Young, Managing Director, Alliant Energy New Zealand
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| 12.20 | Executive panel discussion:
Carbon and financial markets in the long term
- Carbon on the balance sheet – The Carbon Disclosure
Project
- Insurance solutions and challenges
- Market perspective on emissions development
- Hedge funds – what’s their role?
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| 13.00 | Lunch

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| ANALYSING ROI IN FINANCING RENEWABLE ENERGY
PROJECTS |
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| 14.10 | Executive panel discussion:
Growing trend of investing in clean energy companies –
how can New Zealand capitalize?
- Financing carbon markets – growth over the coming years
- Opportunity within the private equity and venture capital
asset classes
- Investing in clean energy companies – reducing risks posed
by climate change
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| | Simon Young, Managing Director, Alliant Energy New Zealand
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| ENERGY EFFICIENCY AND SUSTANABLE ENERGY CHOICES |
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| 14.50 | Reducing greenhouse gases – energy technologies
- International goals and targets for greenhouse gases
- The role of energy efficiency
- Renewables contributions
- Carbon capture and storage
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| | Rob Whitney, Chairman, Energy Federation of New Zealand
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| 15.10 | Energy demand, energy efficiency and renewable energy
- Review of the National Energy Efficiency and Conservation
strategy
- How increase in energy demand, high prices and volatility
is driving the need for energy efficiency
- How will changes in the global energy picture affect
electricity and energy efficiency?
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| | Jo Buckner, Team Leader, Energy Efficiency and Conservation Authority
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| 15.30 | Afternoon tea
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| 16.00 | Demand side energy efficiency
- The CO2 emission reduction potential of demand side
energy efficiency programs
- Demand side energy efficiency programs and the CDM
- Financing energy efficiency projects and carbon credits
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| 16.20 | Executive panel discussion:
Planning for secure energy supplies – the user’s view
- Is there sufficient competition in the wholesale and
contracts markets?
- Are ongoing price rises justified? Are they affordable?
- Dealing with rising energy costs – energy efficiency and
cogeneration
- Carbon tax
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| | Paul Brown, GM Technology & Global Support, Fonterra
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| 17.00 | Closing remarks from the chair
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| 17.30 | Close of the conference day
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| 18.30 | Cocktail reception
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| 19.00 | Conference gala dinner
Featured speaker triathelete Hamish Carter
Proudly sponsoring the Gala Dinner

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Day Three,Wednesday 28 February 2007
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| OIL AND GAS MARKET DEVELOPMENTS |
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| 08.30 | Welcome coffee
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| 09.00 | Opening remarks from the chair
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| MITIGATING RISKS AND DRIVING INVESTMENT |
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| 09.10 | Keynote address:
Oil major’s perspective on the New Zealand market
- Challenges and opportunities in E&P business
- Meeting long term and short term energy needs
- Shell’s role in supporting the oil and gas business in New
Zealand
- Shell’s strategic business direction 2007 and beyond
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| POWERING NEW ZEALAND’S OIL AND GAS INDUSTRY |
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| 09.40 | Keynote address:
New Zealand Refinery Company – powering ahead
- The Future Fuels Project – success and future directions
- Responding to the changing crude diet
- Strategic advantages
- Point Forward project
- Addressing the IEA stockpile
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| 10.10 | Executive panel discussion:
The New Zealand oil industry – demand, pricing and
markets
- Update on exploration, production and market trends
- Market for oil products – market characteristics and
demand
- Regional oil outlook and impact on New Zealand
- Building emergency oil stockpile – are we doing enough?
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| 10.50 | Morning coffee
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| 11.20 | The Kupe field - a new energy source for New Zealand
Kupe Gas project - introducing a new and alternative supply of gas Importance of the Kupe field for the New Zealand energy sector The project’s joint venture planned approach to development Origin’s future strategies and vision
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| | Peter Ashford, General Manager, Petroleum Developments and Projects, Origin Energy
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| EXPLORATION AND DEVELOPMENT UPDATES |
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| 11.30 | Coal seam methane on the advance
- The current state of the CSM sector
- CSM as a primary or secondary energy source
- The role of price transparency in spurring CSM supply
- Competitive dynamics between domestic gas, imported
gas and oil
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| 12.00 | Oil and gas exploration – development and growth
opportunities
- The exploration outlook – progress and what’s in store
- Project updates – greater focus on development
- Attracting investment – ensuring good economic return
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| INVESTING IN INFRASTRUCTURE |
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| 12.20 | Challenges facing the transmission pipeline sector
- New access arrangements: benefits and challenge
- Need for consistency in access regimes across the Maui
pipeline and Vector/NGC pipelines
- Challenges of creating two sets of costs and potential risks
for participants
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| 12.50 | Lunch
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| LPG AND LNG |
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| 14.00 | The gas import option for New Zealand
- The role of gas in New Zealand
- The gas import options
- The importance of establishing a viable back-up option to
import gas into New Zealand.
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| 14.20 | Liquigas: LNG supply and demand scenarios
- Current supply and demand situation in New Zealand
- Impact of new oil and gas developments in the region on
LPG supply
- LPG imports – challenge of dealing with supply contracts
on internationally competitive terms
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| 14.40 | Executive panel discussion:
Gas demand and the outlook for gas prices
- How much gas do we have for the future
- Are gas prices and oil prices interlinked
- Correlation between them in different economies
- Reconsolidation in upstream sector
- Increased exploration but uncertainty surrounding
outcomes
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| | Brent Layton, Director, New Zealand Institute of Economic Research
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| 15.20 | Afternoon tea
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| INVESTING IN OIL AND GAS |
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| 15.50 | Equity markets perspective on the oil and gas sector
- Attracting investment – ensuring good economic return
- The exploration outlook – opportunity for growth
- Strategies to commensurate rapid growth in cash flow and
earnings to transform balance sheet
- Catalysts that can drive the stock higher
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| 16.10 | Strategies to build gas reserves
- Ingredients required to encourage investment in
exploration
- New Zealand’s prospectivity for further discoveries
- Ensuring gas supply security
- New sources of investment funding
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| GOVERNANCE AND REGULATION |
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| 16.30 | Co-regulation of the gas industry – opportunities and
challenges
- What is it delivering for the benefit of gas industry
participants and consumers?
- A review of key regulatory risks to the gas industry
- Wholesale trading arrangements
- Ensuring pipeline capacity trading arrangements do not
impede gas trading
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| 16.50 | Closing remarks from the chair and close of the
conference
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