1. Cooperative Regulation for Customers in the New Economy Pat Wood III, Chairman FEDERAL ENERGY REGULATORY COMMISSION NARUC Annual Meeting Nashville, Tennessee November 17, 2004

2. Cooperating on Electric Infrastructure

3. Wind Infrastructure as an Example Photo courtesy of National Renewable Energy Laboratory

4. Cooperating on Getting Transmission Built Annual growth rates in Gen, Trans, Load

5. 67% of the U.S. Economy is Served by RTO/ISOs

6. Cooperating on Gas Supply Solutions 8 – 9 North American LNG terminals possibly completed by 2008 The Arctic gas pipelines – in future

7. Cooperating on Hydroelectricity

8. Cooperating on Telecommunications Federal-Federal- State cooperation Broadband over Power Lines