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For Immediate Release: June 26, 2006
Media Contact: Claudia Chandler - 916-654-4989

M E D I A     A D V I S O R Y

California Credit Policies Workshop
Lowering capital costs for generation projects


Sacramento - On Tuesday, June 27, the California Energy Commission's Electricity Committee will hold a workshop to address credit policies imposed for new and re-powered generation projects, especially renewable projects.

Workshop participants will examine and discuss credit requirements imposed on new generation projects in California, and help guide energy policy development, including policies associated with California's Renewables Portfolio Standard. Topics include: current credit requirements; issues for private power developers; how California's current credit policies contribute to project costs in terms of real dollars; identifying a set of prudent solutions that would satisfy present credit polices while lowering the effective cost of capital, including step-in rights, insurance products, risk pooling and reducing credit requirements; and discussion of future research topics and next steps.

Financial and investment managers, insurance companies, developers, and investor-owned and municipal utilities are encouraged to participate and explore solutions concerning credit polices imposed on new and re-powered generation projects in California.

The workshop agenda is available on the Energy Commission Web site at: www.energy.ca.gov/2007_energypolicy/notices/2006-06-27_agenda_notice.html

When:
Tuesday, June 27, 2006
9:30 a.m.

Where:

California Energy Commission
1516 Ninth Street
Sacramento, CA 95814
First Floor, Hearing Room A
Map and Directions to the Energy Commission
www.energy.ca.gov/commission/directions.html

For assistance on how to participate in the meeting, contact the Energy Commission Public Adviser's office by calling 916-654-4489 or toll-free at 1-800-822-6228, or by e-mail at: pao@energy.state.ca.us

Participation to this meeting will be through WebEx, the Energy Commission's on-line meeting service. To participate in the meeting using WebEx onscreen and audio functions, please go to the following URL in your Web browser on the date and time of the meeting:

https://energy.webex.com/energy/j.php?ED=88076042&UID=40761032

(If the link above does not work, go to: https://energy.webex.com and enter the meeting number: 921 334 025).

When prompted, enter your information and the following meeting password: credit1@

Provide your phone number when you join the meeting to receive a call back. Alternatively, you can call 1-866-469-3239 (toll-free in the United States and Canada).

International WebEx attendees please note: When you login and are prompted to enter your phone number, please click on the "Country/Region..." button in the dialogue box and select your country.

If you have difficulty joining the meeting, please call the WebEx technical support number at 1-866-229-3239.

Participation through audio only
If you do not have computer access and wish to participate in the meeting by phone, please call 1- 866-469-3239 (toll- free in the United States and Canada).

Audio from this meeting will be broadcast over the Internet. For details, please go to: www.energy.ca.gov/webcast

More information about lowering capital costs for generation projects can be found on the California Energy Commission's Web site at: www.energy.ca.gov/lowering_capital_costs/

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