Organized by the University of California Energy Institute's (UCEI)Center for the Study of 
Energy Markets (CSEM), the conference presents the work of leading researchers on some 
of the most challenging issues facing the electricity industry.  This year, the papers directly address 
issues of greenhouse gas reduction, tradeable emissions permits, gains from inter-regional electricity 
trading, capacity markets, and generator investment risks. Discussants of the work will include both 
researchers and practitioners.