Provocateurs:
Ken Malloy, CAEM CEO
Jamie Wimberly, CAEM President

Even the most ardent market supporter has to acknowledge that the transition from regulated, monopolistic markets to competitive markets has been fraught with obstacles and setbacks—some anticipated, others never imagined. Against the context of the Four Horseman of the Electric Apocalypse—California, Enron, the meltdown of trading, and the 2003 Blackout—competitive markets have survived and learned from their successful and unsuccessful experiences.

• What are the lessons learned?
• What do the successful markets have in common?
• Where are the greatest successes and greatest potential?
• What have been the most common mistakes, and what are the remaining obstacles?
• How does the PJM market and mechanism compare to other regional markets?
• What should be done next?
  

Ken Malloy, founder and chief executive officer of CAEM, is widely regarded as a visionary on the role of markets in energy policy. He has appeared on CNN, MS-NBC and other broadcast media and has been widely quoted in the press, including Time magazine, The Washington Post and The New York Times. His 20 years of experience include service as the Department of Energy’s lead career official on policies relating to competition, regulatory reform, and industry restructuring. He has also been a law professor in the field of economic regulation and a staff official at the Illinois Commerce Commission and the Federal Energy Regulatory Commission, where he was largely responsible for developing the regulations that led to competition in natural gas markets. Prior to founding CAEM, he worked for PHB Hagler Bailly, one of the largest international energy consulting firms in the world.

Jamie Wimberly, CAEM's co-founder and President, has initiated and directed many of CAEM's projects, including the DISCO of the Future Program, the Distributed Energy Task Force, and the Grid Enhancement Forum. He has more than 10 years of experience in the energy industry and is widely regarded as one of the nation's energy experts. In addition to his work with CAEM, he serves on the Board of Advisors of V Finance, a portfolio management and investment banking company headquartered in New York City with approximately $1 billion in investments. Before joining CAEM, he served as Vice President of the Consumer Energy Council of America (CECA), the nation's oldest consumer organization, and as a congressional staffer focusing on U.S. trade policy. He has published more than 40 articles on energy issues, telecommunications policy, and international trade.