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| Luncheon |
| Item-Number:1325893698 |
| Date: | Jan. 20, 2012 |
| Speaker: | Kathryn Garcia - Deputy Commissioner for Operations - New York City Department of Environmental Protection Bio - PDF Presentation |
| Speaker: | Bill Holman - Director of State Policy - Duke University's Nicholas Institute for Environmental Policy Solutions Bio - PPT Presentation |
| Speaker: | Kathryn Klaber - President - Marcellus Shale Coalition Bio - PDF Presentation |
| Moderator: | Gary Krellenstein - Managing Director - Public Finance Group, Kroll Bond Rating Agency Inc. PDF Presentation 1 - PPT Presentation 2 |
| Topic: | Hydraulic Fracturing ("Fracking") - What Municipal Bond Analysts Need to Know |
| Summary: | Hydraulic fracturing has been around for a long time; however, technological improvements and horizontal drilling have increased yield and opened up well development in new areas. Gas prices have fallen, which already has affected gas prepay bonds, electric utilities and manufacturers, to name a few. To some, the increased well development and low gas prices have created economic growth and jobs, contributed to a reduction in oil dependency, and generally have provided a bright spot in otherwise gloomy economic times. Conversely, increased well field development also puts a burden on infrastructure and the environment. Heavy equipment truck traffic is affecting roads and communities. The hydraulic fracturing process uses tremendous amounts of water, mixed with chemicals, and that water eventually needs to be disposed of or treated. Air quality and earthquake concerns exist as well. States and municipalities are wrestling with balancing the need for economic development and protection of the environment. And, finally, people have strong feelings about the topic as evidenced by increased media coverage. With this in mind, we have assembled a panel of experts from different perspectives to share their knowledge and highlight areas of concern for credit analysts and investors. Space is limited. Registration will be open to MAGNY members only until January 12th. |
| Time: | 11:30 AM - 2:00 PM |
| Location: | The Yale Club of New York - 50 Vanderbilt Avenue, NYC |
| Cost: | $70.00 for Members $75.00 for Non-Members |
| Payment: | Event payments are NO longer accepted at the door. Pay securely and instantly with your credit card online at http://www.magny.org/cgi-bin/0zyevent-cal.cgi |
| Cancel Date: | Tuesday, January 17, 2012 |
| Cancel Policy: | Feel free to substitute other members of your firm. No-shows will be billed. We appreciate your cooperation. |
| Contact: | Program Chair at programchair@magny.org |