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For Immediate Release: January 15, 2014
Contact: Rob Thormeyer, 202-898-9382, rthormeyer@naruc.org

NARUC Energy Risk Lab Gives Regulators, Stakeholders Chance to Test EPA Rules

WASHINGTON—Think you’ve got what it takes to manage a utility’s generation portfolio through some of the electricity industry’s most profound changes? Can you lead a team of “executives” to determine how best to comply with new environmental rules and a host of unforeseen challenges?

Find out by participating in the National Association of Regulatory Utility Commissioners’ Energy Risk Lab, a scenario-based role-playing program focused on new and upcoming U.S. Environmental Protection Agency (EPA) regulations affecting the power sector. The Lab is being held from Feb. 12-13 at the Renaissance Washington Hotel. It immediately follows NARUC’s Feb. 9-12 Winter Committee Meetings.

The Energy Risk Lab is developed by NARUC staff with technical support from Duke University’s Nicholas Institute for Environmental Policy Solutions. Funded by the U.S. Department of Energy, the program guides participants through a series of potential scenarios dealing with proposed rules, challenges, opportunities, and options that State decisionmakers and utilities may soon face.

Participants will be grouped into teams and given an invented portfolio of power plants and “monopoly” money. Then teams will make investment decisions to deal with regulatory uncertainty, air pollution rules, and changes in technology, markets and policies with the goal of exploring how their interlinked systems can benefit from coordinated and risk-based decision-making.

As the teams work toward compliance, each group will be given scenarios throughout the event, such as new legislation or other unexpected regulations, designed to add new levels of uncertainty. Perhaps your utility operates in a State that just increased its renewable portfolio standard. Or perhaps your utility needs to build more gas pipelines to accommodate a planned fuel-switch to natural gas. How will your team react if it is forced to take offline its nuclear units for some reason?

Participation is geared to federal and State regulators, utility officials, environmental advocates, consumer groups, and anyone else with an interest in electricity policy. This event gives players a chance to make a billion-dollar decision with play money. It also gives them the chance to interact with the policymakers who matter. 

There are only two requirements: An open mind, and the time to participate in the entire session. The Energy Risk Lab will run from 12:45 to 5 p.m. on Wednesday Feb. 12, and from 8:45 a.m. to 12:45 p.m. on Thursday, Feb. 13 at the Washington Renaissance Hotel, 999 Ninth St. NW, Washington, D.C.

Registration information is available online at: http://www.naruc.org/energyrisk/
 

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NARUC is a non-profit organization founded in 1889 whose members include the governmental agencies that are engaged in the regulation of utilities and carriers in the fifty States, the District of Columbia, Puerto Rico and the Virgin Islands. NARUC's member agencies regulate telecommunications, energy, and water utilities. NARUC represents the interests of State public utility commissions before the three branches of the Federal government.

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