... which convened Nov. 1¡4, 2009 in Hollywood, FL, featured an industry slowly recovering from the capital market maelstrom of 2008 while contending with declining sales and an uncertain economic outlook. Absent from this year's proceedings was the palpable sense of doom so evident at last year's conference. Nonetheless, daunting challenges remain. First and foremost, global climate change and greenhouse gas (GHG) legislation, which could be enacted in 2010, is likely to present enormous challenges to the industry, as more costly technologies will likely be required to comply with anticipated reductions in emissions. Investment in renewable generation and related transmission and non-intermittent generating capacity, smart grid, and clean coal technologies are likely to keep capital budgets high for the foreseeable future. Thus, industry executives are focused on effective execution of strategies designed to engage climate change solutions, while...
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