Tuesday, November 27, 2001

Daybreak coffee
Sponsored by Toromont Energy Ltd.

8:00 a.m. The Ontario Context

Safouh Soufi, SMS Energy Engineering, Conference Chairman

8:30 a.m. Opening Keynote: Ontario Minister of Energy, Hon. Jim Wilson

Jim Wilson is Ontario s longest serving energy minister having shepherded the government s competition initiative since the release of the White Paper through more than three years of turbulence and rapidly changing circumstances. He is uniquely able to set a perspective on where the government sees itself going in terms of implementing and setting up an effective market for electricity in Ontario.

9:00 a.m. Official Opening of the Trade Show

9:00 a.m. Prospects for new project development: What s needed to really get Ontario s market moving?

After all we ve learned about the market rules, decontrol and encouraging investment, what are the major issues that now face a developer of a new project? Interconnection with transmission and the IMO, access to capital, markets, expertise, and siting approvals will be examined. Have strategies changed in the wake of California and Alberta s wake-up calls? What lessons can be picked up from successful jurisdictions such as Pennsylvania and Michigan? What measures are appropriate for assessing the attractiveness of a market?

Linda Bertoldi, Borden Ladner Gervais LLP, moderator
Keynote: Steve Snyder, President and CEO, TransAlta Energy Corporation

Keynote: Ken Laughlin, Vice President of Market Services, PJM Interconnection, LLC

Questions and discussion

9:45 a.m. Coffee Break in the Trade Show
Sponsored by Access Capital Corp. and Navigant Consulting Ltd.

10:30 a.m. The Regulators roles in facilitating competition and investment

The IMO has a range of systems for encouraging competition: managing the bidding process, initiation of new markets such as the capacity reserve market, implementation of the market power mitigation agreement, surveillance against market power abuse, disseminating information, etc. Similarly, the OEB has the mandate and powerful tools to facilitate competition.

- How should regulators and the public judge whether these tools are sufficient or excessive?
- How should the IMO balance its responsibility for reliability with its responsibility for facilitating competition?
- How much turbulence in the market can be tolerated before intervention becomes acceptable?

Keynote: Jim Baillie, Chair, Ontario Independent Electricity Market Operator

Keynote: George Dominy, Vice Chair, Ontario Energy Board

Questions and discussion

12 noon Lunch in the Trade Show
Sponsored by Stikeman Elliott

1:00 p.m. Keynote: Robin Jeffrey, Chair of Bruce Power
Bruce Power s view of how to set up a competitive market.

Page 3

1:50 p.m. The Status of major capacity and the prognosis for decontrol

Jacques Huot, SuperBuild Corporation (invited)
Pat McNeil, Vice President, Corporate Development, OPG
Al Barnstaple, Past President, IPPSO

Brief review or update on the status of existing major capacity such as Bruce, Pickering, Sarnia and Sithe.
- What is the prognosis for decontrol?
- Where does it seem to be going?
- Does it need adjustment?
- What are the measures of a healthy market and how can one assess capacity signals in Ontario s context of a few dominant generation owners?

3:00 p.m. Coffee Break in the Trade Show

3:15 p.m. Tax Reforms proposed by the CEA and IPPSO to encourage investment
Dan Goldberger, Canadian Electricity Association

3:30 p.m. Achieving Healthy Competition:
Implementing forward markets and other competition-enhancing mechanisms

What s needed to really get the electricity market moving in Ontario? Successfulcompetitive markets require a balanced mix of precision rule-making and judicious regulation, yielding predictability for investment and lower costs for consumers.
- What s necessary to jump-start a forward market in long-term contracts?
- What other conditions and mechanisms need to be put in place?
- Where has Ontario succeeded in these areas, and where are the weaknesses that can still be addressed?
- What has contributed to the success of markets such as Pennsylvania and Michigan that can be applied here?

Each participant will explain what his or her own sector needs to see to implement an effective forward market in Ontario.

Hal Chappelle, Mirant:
What marketers need to see.
Rob Cary, IPPSO Director and member of the IMO Technical Panel:
Generators view of risk issues (Is there enough information available? Will I be able to sell out of Ontario?)
James McMahon, Executive Vice President, ECNG:
Purchaser risk management
Speaker T.B.A.:
Reasonable limits on MEU long-term contracting

4:30 p.m. Break to Trade Show

4:35 p.m. IPPSO Annual General Meeting

5:00 p.m. Reception in the Trade Show

6:00 p.m. Banquet Dinner
Sponsored by Borden Ladner Gervais LLP

Featured Keynote: Jim Flaherty, Minister of Finance and Deputy Premier of Ontario
As Minister of Finance, Jim Flaherty is responsible for the Ontario Electricity Financial Corporation. The OEFC is an agency of the Province of Ontario and is responsible for servicing and retiring the former Ontario Hydro's provincially guaranteed debt and managing certain other legacy liabilities.

After-dinner keynote speaker: Courtney Pratt, CEO of Toronto Hydro

Electricity Competition Award

Hedley Palmer Award

Page 4

Wednesday, November 28, 2001

7:30 a.m. Daybreak Coffee
Sponsored by Jacques Whitford

8:30 a.m. Keynote: Hon. Elizabeth Witmer, Ontario Minister of Environment
The IPP industry s role in achieving government environmental objectives

9:00 a.m. Addressing market behaviour
- Compliance and enforcement
How compliance and enforcement is expected to work in Ontario. California has found strategic bidding despite a market with many more participants than Ontario has. Regulators are using a multitude of models to recognize market abuse. Many of the practices in question are not contrary to the rules, so people will want to know how far regulators expect to go in drawing the line between exercize of market power and abuse of market power.

Harry Chandler, IMO, Market Surveillance Panel
Joe Bowring, Manager of Market Monitoring Unit, PJM Interconnection
John Dalton, Navigant
Jan Smutny-Jones, President of IEP of California and former Chair of Cal-ISO

10:00 a.m. Coffee Break in the Trade Show
Sponsored by Vestas American Wind Technology, Inc.

10:45 a.m. Power Purchasers Panel:
What do buyers need to see?
How should portfolios be designed?

Ontario s new market allows for major power purchasers to source their electricity in four ways: through bilateral contracts, from the IMO as a dispatchable load, under Standard Supply Service, and self-generation.

- How do major purchasers expect to navigate these choices, and what will be the rationale?
- What would they like to see in terms of how producers and marketers make competing offers to them?
- What products would they entertain?
- Without revealing proprietary information, what is their strategy for assuring supply for dispatchable loads over 5 MW, and how can producers fit into that?
- What role is seen for distributed generation or managing internal energy use? The major categories are: Embedded industrial; direct connected industrial; industrial with self-generation; industrial committed to bilateral purchasing.

Ed Houghton, Collingwood Utility Services Corp. and IMO Board, moderator
Tom Brett, Smith Lyons, Standard wholesale bilateral contracts
Gerry Hilhorst, Assistant General Manager, Waterloo North Hydro, Re: embedded generation
TBA (Dispatchable load)
TBA (Self-generator)

12 noon Lunch in the Trade Show
Sponsored by Power Budd LLP

Stream 1:

1:30 p.m. Transmission within Ontario and at its borders

Transmission can the means of competition or a barrier to it. Not just rate design, but the allocation of rights, the functioning of the FTR market and the interties in the contexts of congestion and market power, and the regulatory process, will bear heavily on the ability for new entrants to contribute to Ontario s electricity market. Players will want to hear proposals on how best to resolve the seams issuesı - where there are differences in the inter-tie rules used by interconnected control areas.

Paul Murphy, Chief Operating Officer, IMO, moderator
Rod Taylor, Hydro One, on policies for use of regional interconnections
Charles Keizer, Power Budd
Laurent Cusson, MacLaren Energy, perspective of transmission user (invited)

Page 5

Stream 2:

1:45 p.m. Ensuring environmental performance
Stephen Probyn, Probyn & Company, moderator
Recent updates on status and points of view on the key environmental questions facing new power generation developers: - Emission trading
- Green power standards
- Mechanisms to enhance of green power market
- Environmental Assessment
With participation of Environment Canada

Speakers:
Stephen Probyn, Probyn & Company, moderator
Christine Cinnamon-Langille, TransCanada Power
Timothy Egan, Canadian Electricity Association
Mike Butters, Clean Air Canada Inc. / PERT

2:45 p.m. Coffee Break

3:00 p.m. The shape of the future: Maximizing on promise and opportunity

How technological change will introduce new options for generation development;
- How will the changes in sources of finance affect the prospects?
- How will people s views of the how the market is changing affect their plans for project development?
- What does the future of new generation development look like, given the growth of new technologies, such as fuel cells,clean coal, and other new technologies on business development strategies that players choose to stress in the new market?
- What are the constraints on development of new projects?
- What commercial strategies can we expect to see coming forward from the major players?

Speakers will make reference to the major themes identified at the beginning of the program.

Bryne Purchase, Deputy Minister, Ministry of Energy, Science and Technology
How the ministry views the future for Ontario and plans for near-term policy initiatives

Mark Rodger, Borden Ladner
How the changing status of existing capacity will affect prospects for Ontario s future, and on transfer and redevelopment of existing projects

Rob McLeese, President, IPPSO and President of Access Capital
How IPPSO views the projections for the future, as well as touching on NUG contract status, exclusivity, lessons learned from California, and prospects for further market development

4:45 p.m. Concluding remarks by Conference Chairman

All program details subject to change without notice. For the latest program or registration information visit: www.newenergy.org/conference.html

The Thirteenth Annual Canadian Independent Power Conference and Trade Show

__ Please send me exhibitor information

__ I'm interested in being a corporate sponsor

__ Please send me more information on the conference, as it becomes available

(Fill in below, or attach business card):

Name(s): _____________________________________

Company: _______________________________________

Address: ___________________________________________

____________________________________________________

Phone: ( ) __________________________

Fax: ( ) __________________________

Please complete the following:

Date: ______________________________________

Signature: _________________________________

Amount : $ ________________________________

Card No.: ___________________________________

Fees

(incl. GST):

Members, by October 11 ......... $895 ($957.65)

October 12 or later................... $995 ($1064.65)

Non-members by October 11 .... $995 ($1064.65)

October 12 or later ................... $1095 ($1171.65)

- Package pricing is available for those attending the conference and one or more workshops. Contact IPPSO at 416-322-6549 for more information. -

Payment must be received by September 1 for the early discounts. Refunds will not necessarily be issued for cancellations after October 15. Cancellation fee may apply.

Conference fees, trade show fees and IPPSO membership fees are all subject to G.S.T., (Refundable to non-Canadians) GST# 125298802

Accommodation is limited -- attendees are advised to reserve space at the Sheraton Hotel by September 30. Special IPPSO rates are available. Call 905-881-2121 or 1-800-325-3535.

To submit your completed form, or for further information, please contact: IPPSO

For "instant registration," just click on this link, which will generate an e-mail to us (Please include in this message your contact details: name, company, address, phone, fax, e-mail address and preferred form of payment.)

For information on the Green Power Trade Show, which is being co-presented along with the IPPSO conference, visit the following link: http://www.sierraclub.ca/national/green-power/index.html