FW: Environmental Regulation and Competition Presentation

Could you please forward this to the traders. Thank You Rika

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Presentation: Environmental Regulation and Competition
Lisa Jacobson - Enron Environmental Strategies

MEETING ROOM : eb49C1

Time : 3:00 - 4:30 p.m.

Introduction and Overview of Environmental Strategies Competition"

Current Air Quality Regulations Impacting the Power Sector

-U.S. Federal/Regional Cap and Trade Programs
? Requirements, Impacts/Costs
? Power Generation Responses to Date

-U.S. National Ambient Air Quality Standards/Local Non-attainment Programs
? Requirements, Impacts/Costs
? Lessons learned from California
? Prospects for Texas (Houston/Galveston, DFW SIPs) and beyond

-New Source Review (NSR)
? Requirements, Role of Enforcement
? Impacts/Costs
? Power Sector approaches

Future Air Quality Regulations and Likely Changes in Focus Under the Bush Administration in the Next 3 (or 7) Years

-U.S. Trends under the Bush Administration
? Future/Uncertain Regulatory Requirements (Mercury, Particulates)
? Role of NSR Reform and Multipollutant Strategies in National Energy Policy (short & long term prospects)

-U.S. and International Greenhouse Gas Emissions and Offsets Issues
? Regulatory Landscape (US, CA, EU, UK) and possible scenarios
? Impacts/opportunities
? Industry positioning & Enron's role

Discussion - Questions & Answers