DAY TWO: WEDNESDAY, 20 OCTOBER 2010

8.30 Coffee and Registration

9.00 Chair’s Opening Remarks

Marc Beyens, Chief Legal Officer, Electrabel

9.15 The Enel/EDF Agreement and Future Nuclear Power Generation in Italy

Fabrizio Iaccarino, In-house Counsel, Enel Spa

Natascia Montanari, Manager, Enel Spa

With new nuclear power back on the Italian political agenda for the fi rst time since the 1980’s, this session will assess the related diffi culties with the implementation of new nuclear legislation, the proposed collaboration with France following the governmental agreement and the joint venture between Enel and EDF: Sviluppo Nucleare Italia Srl.

  • Assessing the importance of future nuclear power for Italy
    - how does the peculiarity of the Italian energy generation mix affect policy?
  • Government objectives and the current Italian nuclear program
  • Focus on the Enel/EDF agreements
    - strategic objectives
    - relationship
    - partnership development
  • What is the role for Italian industry in the venture?
  • Implementing the new nuclear legal framework in Italy
    - licensing process and site certification
    - role of nuclear operators
    - socio-economic benefits

10.15 Examining Macro-Schemes for Licensing Procedures in European Nuclear Countries

Antoine Bizet, In-House Counsel, EDF

  • Comparing licensing regimes in Europe
    - common steps including
    - design certifi cation
    - environmental assessment
    - different steps including
    - site selection
    - public consultation
    - single authorisation vs multiple authorisations
  • Advantages and drawbacks of licensing strategy relating to
    - litigation risks
    - public consultations
    - planning
  • What lessons can be learned from each jurisdiction?

11.00 Morning Refreshments

11.30 Examining Liability and Coverage in Nuclear New Build Projects

Paul Cowan, Partner, White & Case

  • What is the latest projection on liability for new projects?
  • What are the consequences of channelling of liability to the nuclear operator?
  • Regional vs global conventions on liability
    - effect on insurance and funding
    - greater clarity vs greater responsibility
    - substantial changes to compensation and the basis on which it can be claimed
    - what are the consequences if an incident occurs?
  • Implications for nuclear consortia members – can they rely on contractual protection?
  • What is not covered by the Paris convention?
    - damage to the plant itself or equipment used in relation to the plan
    - how this is liability covered?
    - where is the protection for
    - is there a lack of regulation concerning this aspect?
  • How to make sites more productive and effi cient in order to reduce possible risk
  • How will increased European Commission policy integration affect projects?

12.15 Networking Lunch

13.45 How European Insurance Providers are Approaching Nuclear Power Projects

Dirk Harbruecker
Managing Director, German Nuclear Insurance Pool

Jean-Noël Delabrousse-Mayoux, Power & Utilities
Practice, Marsh

  • How will the fusion of insurance pools to share risk work in practice?
    - Finland/Sweden
  • How do the cultural barriers to cross-border insurance pools affect coverage?
    - contractual?
    - language?
    - wordings?
  • What are the provisions in place for insuring site service providers and other supply chain members?
    - what is the market for this cover?
    - how does this link to liability?
    - contrasting the application of this cover in
    - new build
    - providing ongoing operation
    - decommissioning
  • Effect of possible reduction or withdrawal of insurance capacity
    - how will insurance industry react?
    - is greater state aid for nuclear industry insurance required?

14.30 How Investors are Approaching Risk in European Nuclear Projects

Xavier de Rollat, Director – Origination (Power),
Société Générale

  • How can operators and supply chain members address investors’ concerns about
    - power price?
    - construction risk?
    - high front end capital expenditure?
    - technology?
    - third party liability?
    - early termination risk?
  • What are the implications of extended pre-construction and construction periods?
    - will project finance be limited to post-construction unless pre-completion support is provided?
  • Assessing the “fleet fi nancing” of portfolio of power projects
    - mitigating political risk by investing cross-border
    - mixing nuclear with other energy investment

15.15 How European Planning Law Regimes Affect Nuclear New Build Timelines

Kari Marttinen
Partner, Hammarström Puhakka

  • Mapping out your planning timetable
    - who needs to be involved?
    - how developed does the consortia need to be at the planning stage?
  • Addressing planning law issues in specifi c member states
    - impact of local public and environmental policy issues on decision making processes
    - legal and regulatory limitations on planning
  • Dealing with complex planning law timetables in different jurisdictions
    - how to map out the legal timetable for relevant applications in the new build project
  • Incorporating planning law changes into your forward planning strategy
    - what do you need to prepare?
    - ensuring correct application timetabling
    - how to position yourself at exactly the right time to guarantee the best offering

16.00 Chair’s Closing Remarks and End of Conference