Senate Dirksen Office Bldg, Room G50
Tuesday, April 4, 2006
9:30am – 12:10pm
2:30pm – 5:00pm

Chairman Domenici, Sen. Bingaman will make brief remarks thanking panelists for their hard work and participation.

Panel 1:  Business Perspectives on Policy Design (9:40am – 10:50am)
Overview of responses to all White Paper Questions

Duke Energy Corp.
Ruth Shaw (Group Executive, Public Policy and President, Duke Nuclear)

Exelon Corp.
Elizabeth A. Moler (Executive V.P., Government and Environmental Affairs & Public Policy)

General Electric Co.
David Slump (General Manager, Global marketing, GE Energy)

PNM Resources
Jeff Sterba (Chairman, President and CEO)

Sempra Energy
Michael Murray (Director, Legislative Policy)

Shell
Garth Edward (Trading Manager - Environmental Products)

Southern Company
Chris Hobson (Senior Vice President, Research and Environmental Affairs)

Wal-Mart Stores, Inc.
Andy Ruben (Vice President of Corporate Strategy/Sustainability)

9:40am – 9:56am:       Panelists will have TWO minutes each for an introductory summary of their remarks.

9:56am – 10:50am:     Q&A session

Panel 2:  Analysis of Domestic Design Options (11:00 am – 12:10 pm)
Responses to Questions 1 & 2 of the White Paper (Point of Regulation and Allocation)

1.        Who is regulated and where?

2.         Should the costs of regulation be mitigated for any sector of the economy, through the allocation of allowances without cost?  Or, should allowances be distributed by means of an auction?  If allowances are allocated, what is the criteria for and method of such allocation?

American Council for Capital Formation
Margo Thorning, Ph. D (Senior Vice President and Chief Economist)

Center for Clean Air Policy
Ned Helme (President)

Congressional Budget Office
Donald Marron (Acting Director)

Electric Power Research Institute
Richard Richels, Ph. D (Technical Executive, Global Climate Change Research)

National Commission on Energy Policy
Jason Grumet (Executive Director)

New Jersey Board of Public Utilities
Samuel Wolfe (Chief Counsel)

Resources for the Future
William Pizer (Senior Fellow)

11:00am – 11:14am:  Panelists will have TWO minutes each for introductory summary of their remarks

11:14am – 12:10pm:  Q&A session

Panel 3:  Perspectives on Domestic Design (2:30pm – 3:40pm)

Responses to Questions 1 & 2 of the White Paper (Point of Regulation and Allocation)

1.         Who is regulated and where?

2.         Should the costs of regulation be mitigated for any sector of the economy, through the allocation of allowances without cost?  Or, should allowances be distributed by means of an auction?  If allowances are allocated, what is the criteria for and method of such allocation?

Alliance to Save Energy
Kateri Callahan (President)

Clean Energy Group
Michael Bradley (Executive Director)

Edison Electric Institute
Michael Morris (Chairman of the Board of Directors of EEI)

Environmental Defense
Fred Krupp (President)

Generators for Clean Air
Paul Bailey (Director)

National Mining Association
Craig Montesano (Director of Government Affairs)

National Rural Electric Cooperative
Kirk Johnson (Executive Director, Environmental Affairs)

Natural Resources Defense Council
David Doniger (Policy Director, Climate Center)

2:30pm – 2:46pm:      Panelists will have TWO minutes each for introductory summary of their remarks

2:46pm – 3:40pm:      Q&A session

Panel 4:  Trading and International Competitiveness (3:45pm – 5:00pm)
Responses to Questions 3 & 4 of the White Paper (Linking and Developing Country Action)

3.         Should a U.S. system be designed to eventually allow for trading with other greenhouse gas cap-and-trade systems being put in place around the world, such as the Canadian Large Final Emitter system or the European Union emissions trading system?

4.         If a key element of the proposed U.S. system is to “encourage comparable action by other nations that are major trading partners and key contributors to global emissions,” should the design concepts in the NCEP plan (i.e., to take some action and then make further steps contingent on a review of what these other nations do) be part of a mandatory market-based program?  If so, how?

American Electric Power
Michael Morris (Chairman of the Board, President and Chief Executive Officer)

Chicago Climate Exchange
Michael Walsh, Ph. D. (Senior Vice President)

Climate Policy Center
Rafe Pomerance (Chairman)

Natsource
Richard Rosenzweig (Chief Operating Officer, Member of Intl’ Climate Change Partnership)

Pew Center
Eileen Claussen (President)

World Resources Institute
Jonathan Pershing, Ph. D (Director, Climate, Energy and Pollution Program)

3:45pm – 3:57pm:      Panelists will have TWO minutes each for introductory summary of their remarks

3:57pm – 5:00pm:      Q&A session