UBS (NYSE:UBS):
WHAT: The 2007 UBS Natural Gas & Electric Utilities Conference, themed "Valuation Bubble or New Paradigm," will feature formal presentations by senior management of 17 prominent companies in the sector. In addition to an intense and diverse schedule of company presentations, the two-day conference will feature detailed breakout sessions and a keynote FERC briefing from Commissioner Marc Spitzer. Presenting companies include: Consolidated Edison (NYSE: ED) Northeast Utilities (NYSE: NU) Dominion Resources (NYSE: D) Peabody Energy (NYSE: BTU) Duke Energy (NYSE: DUK) PPL Corporation (NYSE : PPL) Dynegy (NYSE: DYN) Public Service Enterprise Group (NYSE: PEG) El Paso (NYSE: EP) Questar (NYSE: STR) Entergy (NYSE: ETR) Southern Company (NYSE: SO) Exelon Corporation (NYSE: EXC) Spectra Energy (NYSE: SE) NiSource (NYSE: NI) Williams (NYSE: WMB) Wisconsin Energy Corp. (NYSE: WEC) WHY: Natural Gas & Electric Utility shares have continued to trade near historically high valuations. We have gathered some of the key names in the space to help us decide if there is further risk-adjusted capital appreciation over the next 12-24 months from current trading levels. Topics to be covered include: fuel supplies, the impact of rising energy costs on the rate-making process, promoting transmission and other energy infrastructure build within the regulatory framework, escalating environmental expenditures, challenges in expanding coal and nuclear generation, power prices and wholesale power market development and the deployment of free cash flows. WHEN: Wednesday & Thursday, February 28 - March 1 WHERE: The Pierre New York City Fifth Avenue at 61st Street WEBCAST: Live audio transmissions of company presentations will be accessible via the UBS Investment Bank website at www.ibb.ubs.com when the conference opens. Replays will be available starting approximately three hours after the initial presentation and will remain accessible for up to four weeks. REGISTER: Accredited members of the media may register for the conference by contacting Kris Kagel at kris.kagel@ubs.com or (212) 882-5691.
