The April 10, 2013 deadline for end users to report all commodity swaps is right around the corner - are you prepared?
Join Russ Wasson and Patty Dondanville as they deliver to a practical approach to contract analysis for electric co-ops. These experts will provide you with an overview of what to focus on, and how to check to boxes to ensure you are in compliance.
The team will discuss a practical approach for contract analysis and changes to the ISDA master agreement-one of the standard contracts for the electric industry-as well as changes to other standardized contacts. You will also learn about changes to the ISDA master agreement, which is a standard contract for electric industry.
- Deadlines You Need to Know
- A Practical Approach to Reporting
- Overview of Historical Swap Reporting
- Ongoing Swap Reporting
- New IECA Agreement
- The ISDA Aug 2012 Protocol and IECA amendment
- Future Document Forms for CFTC Rules
Patty Dondanville, Partner, Reed Smith LLP
Patty Dondanville is a partner with Reed Smith LLP. Patty concentrates her practice in corporate finance and transactional matters, often representing energy companies. Patty also represents energy companies with respect to legislative and regulatory policy at the increasing important intersection between the energy industry and the financial markets. Patty has authored more than 25 substantive comment letters to the Commodity Futures Trading Commission and other financial regulators in connection with rulemakings under the Dodd-Frank Wall Street Reform and Consumer Protection Act.
Patty served as Co-Chair, and remains a member, of the Edison Electric Institute's Contract Drafting Committee, which developed and maintains the EEI Master Power Purchase and Sale Agreement. The EEI Master Agreement was used as the basis for the ISDA North American Power Annex, and is used as a template for many nonfinancial commodity trading contracts and purchase agreements. Patty is the 2012-2013 Chair of the American Bar Association's Public Utility, Communications and Transportation Law Section.
Russ Wasson, Director of Tax, Finance and Accounting Policy, NRECA
Russ Wasson joined NRECA in January 2005. In addition to his tax, accounting and finance duties at NRECA, Russ is leading NRECA's response to the CFTC rulemakings implementing the Dodd-Frank Wall Street Reform and Consumer Protection Act. Additionally, he is a member of the NRECA restructure and renewables groups, the NRECA corporate governance task force, the NRECA climate change task force and occasionally devotes time to proceedings at the FERC. Russ is a member of the FASB Small Business Advisory Committee and, in addition, he is participating in the Financial Accounting Foundation strategic focus group on the future direction of the FASB.
Wasson's career in tax, finance and accounting began in 1980 when he went to work for Arthur Young & Co. in New Orleans. He became a CPA that same year. After two years with Arthur Young, Wasson went to work for Ernst & Whinney in Baton Rouge. Just one year later, he was hired by his client, Cajun Electric Power Cooperative, as their first tax manager. Wasson worked at Cajun from 1983 until their assets were sold to an affiliate of XCEL Energy of Minneapolis in 2000. At the time of his promotion to Vice President and Corporate Controller, Russ had forty four individuals in his division. At the conclusion of the Cajun bankruptcy, his division had decreased to a total staff of twenty one. Rather than go to work for NRG, the entity that acquired the Cajun assets, Russ started a consulting firm that provided consulting services to cooperatives and an RTO. He eventually went into partnership with Tom Strait. Wasson and Strait provided consulting services to cooperatives as well as other nonpublic utilities. In 2001, Russ began teaching at Penn State's Advanced School of Power Engineering. Russ and his wife Diane are the proud parents of two daughters that live in Florida and New York.
COMPUTER REQUIREMENTS PAGE:
Windows PC: The ideal viewing environment is a Windows PC with the Internet Explorer Web browser installed.
Mac OSX: Participants utilizing a Mac OSX during the Web conference are encouraged to use the Safari Web browser. Use of Firefox/Mozilla is not recommended.
Memory, Bandwidth, and Screen Resolution:
Intel or AMD Processor 400MHz (Windows)/Power PC GE (Mac OSX)
128 MB RAM (Windows)/256 MB RAM (Mac OSX)
56Kb/sec (NOTE: A broadband connection is recommended.)
800x600 pixels required (1024x768 recommended)
We recommend you check your computer settings and make the following changes in preparation for the Web conference.
- Set Internet and cookies security to "low"
- Disable any pop-up blockers
- Set your screen resolution to1024 x 768 or higher
If you run into technical issues, contact your internal IT department or staff to make these changes. Otherwise, contact CommPartners at NRECA@commpartners.com or call 800-274-9390.