NEPGA New England Power Generators Association Inc Electricity

NEPGA New England Power Generators Association, Inc. Electricity Restructuring Roundtable Addressing Electricity Reliability and High Energy Costs This Winter and Beyond December 9, 2005 Angela M. O’Connor President, NEPGA 1

NEPGA New England Power Generators Association, Inc. • The New England Power Generators Association (NEPGA) is the largest trade association representing generation in New England. • Our primary policy goals are promoting competitive markets to achieve reliable and affordable energy for business and consumers, and furthering the job growth and economic development necessary for a healthy New England economy. • NEPGA represents companies that own approximately half of the generating capability (MW) in New England. 2

NEPGA New England Power Generators Association, Inc. Reliability “The energy sector is the backbone of our economy, and reliable electricity service is necessary for the continued welfare and growth of our economy. ” FERC Chairman Joseph Kelliher, November 22, 2005 letter to New England Congressional delegation 3

NEPGA New England Power Generators Association, Inc. Reliability this Winter • Lessons Learned • What’s been done • What needs to be done 4

NEPGA New England Power Generators Association, Inc. Reliability in the Future • Short term thinking does not provide for long term solutions • Political solutions to economic problems can never work • Price of doing nothing is far greater than the price of doing something 5

NEPGA New England Power Generators Association, Inc. Angela M. O’Connor President 617/835 -3150 aoconnor@nepga. org 6