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Romanian Energy Program, Phase III (REP3) Black Sea Energy Conference April 3-5, 2006 Bucharest, Romania Regulatory Work

Romanian Energy Program, Phase III (REP3). Romanian Energy Program, Phase III (REP3) Black Sea Energy Conference April 3-5, 2006 Bucharest, Romania Regulatory Workshop. Linda Key Breathitt Senior Energy and Regulatory Consultant Thelen Reid & Priest LLP Washington, DC 20001.

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Romanian Energy Program, Phase III (REP3) Black Sea Energy Conference April 3-5, 2006 Bucharest, Romania Regulatory Work

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  1. Romanian Energy Program, Phase III (REP3) Romanian Energy Program, Phase III (REP3)Black Sea Energy ConferenceApril 3-5, 2006Bucharest, RomaniaRegulatory Workshop Linda Key Breathitt Senior Energy and Regulatory Consultant Thelen Reid & Priest LLP Washington, DC 20001

  2. Overview of Issues • Regional Cooperation • Infrastructure Investment • Security of Supply • Environmental Protection • Energy Affordability

  3. Benefits of Regional Cooperation • Better practices can be shared • Economic benefits for in-country and region • Energy security enhancements • Value of relationships among regulators

  4. Infrastructure Investment • Investors want certainty • Planning process helps sort out need • Transmission vs. generation • Recovery of investment through rate structure • Regional approach can minimize duplication • Consumers benefit but must be explained

  5. Security of Supply = Reliability • Adequate supply promotes economic development • Regional cooperation produces good planning decisions • Transmission critical for energy security • Strong grid code (reliability rules) • Fuel diversity

  6. Environmental Protection • Precious natural resources need good stewards to protect • Regulators do have an important role • Renewable resources are gaining worldwide acceptance with growing demand • Black Sea regions can share standard setting for environmental improvements

  7. Energy Affordability • Rate setting and hearing process • Consumer participation • Workshops and forums for ratepayers • Conservation and demand reduction measures

  8. Closing Thoughts • 21st century – great time to be a regulator • Technological advances improving efficiency • Global economy driving us to be better stewards • Many more resources available • Regional coordination and cooperation has big gains

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