April 15th, 2016 | The University Club, Chicago
Please join us for Chicago Booth’s Energy Forward 2016 conference as we examine the trends and opportunities that are defining the energy markets this year and beyond.
You’ll gain insights from industry leaders, network with investors and practitioners, and plant yourself firmly in the center of Chicago’s energy community. Topics and questions addressed will include: the outlook for US oil markets and upstream activity, outlook for the US power sector, venture capital and private equity activity in energy, energy policy development and the effect on markets, and innovative new energy business models.
Thank you to our generous sponsors, including Chevron, NextEra Energy, Marathon Capital, Strategy&, FMC Technologies, Denham Capital, CME Group, Invenergy, Exelon, and the Energy Policy Institute at University of Chicago. If you are interested in becoming a corporate sponsor, please contact the organizers for more information.
Friday, April 15th, 2016
- Registration: 8:30 – 9:00 AM
- Opening Remarks: 9:00 – 9:15 AM
- Opening Keynote: 9:15 – 10:00 AM
- Panel Session 1: 10:15 – 11:15 AM
- Lunch: 11:30 AM – 12:15 PM
- Lunch Keynote: 12:15 – 1:00 PM
- Panel Session 2: 1:15 – 2:15 PM
- Panel Session 3: 2:30 – 3:30 PM
- Closing Keynote: 3:45 – 4:30 PM
- Cocktail Reception and Networking: 4:30 – 6:00 PM
We are excited to have the following keynote speakers:
Michael O’Sullivan (MBA ’87), Senior Vice President of Development, NextEra Energy Resources
Michael O’Sullivan is senior vice president of development at NextEra Energy Resources, the nation’s leader in producing electricity from clean and renewable fuels and also the world leader in producing electricity from the wind and sun. Mike received his Bachelor of Science in Civil Engineering from the University of Notre Dame and earned a Master of Business Administration from the University of Chicago.
Stuart Porter (MBA ’94), Founder and CEO, Denham Capital
Stuart Porter is the Founder, Chief Executive Officer and Chief Investment Officer of Denham Capital. Stuart brings more than 25 years of senior investment experience to Denham and currently serves on the Executive Committee, Investment Committee and Valuation Committee.
Prior to founding Denham Capital, Stuart was a founding partner of Sowood Capital Management LP. Previously, he served as a Vice President and Portfolio Manager at Harvard Management Company, Inc., where he focused on public and private transactions in the energy and commodities sectors. Stuart also worked for Bacon Investments and J. Aron, a division of Goldman Sachs. While at J. Aron, he worked on the Goldman Sachs Commodity Index desk. Before joining J. Aron, Stuart was a self-employed trader at the Chicago Board of Trade and was employed by Cargill Incorporated in Minnetonka, Minnesota in the Financial Markets Division. Stuart volunteers his time by serving on the Board of Directors of the Massachusetts Society for the Prevention of Cruelty to Children and also serves as a Trustee of St. Sebastian’s School in Needham, Massachusetts.
Stuart received a Bachelor of Arts from the University of Michigan and a Master of Business Administration from the University of Chicago.
Amy Francetic, Senior Vice President of New Ventures and Corporate Affairs, Invenergy
With over 20 years of experience spanning startups, private equity, research and operations, Amy Francetic oversees Invenergy’s sourcing and integration of technology innovation and strategic investments that leverage its operating portfolio. She also leads Invenergy’s external corporate affairs, focusing on enhancing brand visibility and strategic partnerships. Prior to Invenergy, Francetic served as CEO of technology accelerator Clean Energy Trust. She also held roles at private equity firm MVC Capital and Stanford Research Institute. Previously, she was co-founder and CEO of a tech company that she sold to Lego Systems. Francetic serves on Advisory Boards for the WISER Institute at the Illinois Institute of Technology, Northwestern University and the Museum of Science and Industry. She has a Bachelor of Arts in Psychology and Political Science from Stanford.
We are pleased to host the following panels:
Power & Utilities: Utility Growth Against Prevailing Headwinds (10:15 am to 11:15 am)
Utilities are currently faced with the challenging prospects of the sustained fall in natural gas and electricity prices, along with the possibility of continued shrinking demand resulting from customer-owned distributed generation, slow economic growth, and increased energy efficiency. Given these headwinds, the panel will explore the different paths utilities have taken in order to achieve growth and returns for their stakeholders. The past year has brought with it multi-billion dollar acquisitions of natural gas distribution companies by regulated electric utilities, expansions of product and service offerings for many customers, and new financial policies to boost total shareholder returns. Panelists will review these developments in the utility sector and discuss expectations for the future of the industry.
- Omar Khayum (’09), Managing Director of Generation Development, Exelon
- Brian Van Abel, Vice President and Treasurer, Xcel Energy
- Matthew Tobias, Senior Manager, Deloitte Consulting
- Moderated by Ammad Faisal, Senior Vice President, Marathon Capital
Upstream: Successful Operating Strategy During a Cyclical Downturn (10:15 am to 11:15 am)
Over the past several years, many energy companies invested in upstream exploration and production projects assuming a floor of $70 to $80/barrel. However, the recent fall in crude oil prices has introduced uncertainty in the industry, as well as the global economy. Companies are beginning to grapple with a new reality. Where will oil prices go from here? How will companies and private equity firms invest in this new climate? Will the oil & gas industry see a wave of consolidation? How will the oil field services sector adapt? This panel will address these questions and other issues affecting E&P companies.
- Jason Craig (’12), Director, Denham Capital
- Pablo Mercado (’03), Vice President – Finance, Forum Energy Technologies
- Donnan Steele, Managing Partner, Phoenician Resources
- Moderated by Laura Borland (’11), Knowledge Manager – Oil & Gas Practice, McKinsey & Co.
Energy Storage: Trends, Barriers, and Successes (1:15 pm to 2:15 pm)
As battery costs decline and investment in energy storage technologies grow, US storage capacity is expected to boom over the next several years, from 340 MW in 2012 to 6 GW by 2017 and over 40 GW by 2022. In 2015 alone, an estimated 220 MW were deployed, two times the capacity installed in 2013 and 2014 combined. Battery applications for renewable energy storage, electric power supply reliability, and peak demand shaving will continue to expand, while experts predict battery storage could supplant natural gas power generation to meet peak demand by the end of the decade. As the industry matures, other applications will become economical. This panel will explore how storage is being utilized today, and what the possibilities are for the future.
- RJ Johnson (’11), Executive Director, NextEra Energy Resources
- Kris Zadlo, Senior Vice President of Regulatory Affairs, Storage & Transmission, Invenergy
- Matt Stedl, Senior Director of Project Development, GlidePath Power
- Dr. George Crabtree, Director of the Joint Center for Energy Story Research (JCESR), Argonne National Laboratory
- Moderated by Shez Bandukwala, Managing Director, KPMG Corporate Finance
Energy Policy: Regulatory Implications of a Changing Energy Landscape (1:15 pm to 2:15 pm)
The current low price scenario and the increased efforts to mitigate the environmental footprint of oil and gas activities highlight the need for a flexible regulatory framework capable of adjusting to a dynamic business landscape. In this context, how feasible is the implementation of stricter fuel efficiency and renewable fuel standards? What could be the impact and extent of potentially tighter regulations on methane leakage and flaring? How much more likely and feasible is a carbon pricing mechanism following the COP-21 Paris Accord and the call from several major oil and gas companies to introduce such a system? The regulatory dimension of these issues should be part of a cost-effective solution.
- Ron Minsk, Former Special Assistant to President Obama for Energy and Environment, White House National Economic Council
- Scott Gaille, Professor, Rice University’s Jones School of Business and The University of Chicago Law School
- Richard Meyer, Manager – Energy Analysis and Standards, American Gas Association
- Marty Brotschul, Partner, Deloitte Consulting
- Moderated by David Unger, Former Energy Editor, The Christian Science Monitor