View From Wall Street - Richard Cortright.mpg

2011 Special Summit on New Nuclear Energy Roundtable:
View from Wall Street

• Richard Cortright, Standard & Poors
• Carl Cho, Citi Global Banking
• John P. Bartlett, WH Reaves
• Bruce Lacy, Lacy Consulting Group

About the Summit:
The Special Summit features perspectives from government, industry and the non-governmental community as well as roundtable discussions on the state of the global "Nuclear Renaissance" -- including lessons from the recent earthquake and tsunami-related events at the Fukushima Daiichi nuclear power station in Japan; insight from the financial community on new nuclear investment; status reports on new nuclear "first movers"; and assessments of the U.S. licensing paradigm. The Special Summit will also focus on new nuclear infrastructure readiness including nuclear technology advancement; supply chain and workforce readiness; and development of a sustainable fuel cycle. The Special Summit is moderated by Llewellyn King, the Executive Producer and Host of White House Chronicle on PBS — a news and public affairs program airing nationwide and on XM Satellite Radio. He is also a nationally syndicated columnist. The Summit is organized under the auspices of the United States Nuclear Infrastructure Council, the leading national think tank advocate for new nuclear energy.

Panelists:
Richard Cortright
Managing Director, Utilities & Infrastructure
Standard & Poor's
Richard Cortright is a managing director in Standard & Poor's U.S. Utilities and Infrastructure Ratings group. Mr. Cortright is a principal spokesperson for Standard & Poor's in the utility sector, and leads the department's efforts in communications with state commissions, their staffs and other related entities. For the nine years prior to his current role, he was responsible for managing several Standard & Poor's analysts and maintaining the quality of ratings in the utility sector. Before joining Standard & Poor's, Mr. Cortright was with The Chase Manhattan Bank's Global Power Group as a vice president in the public utilities division.

Excerpted Quotes:
"...we as firm have become much more comfortable with the nature of the risk and the ability of management to deal with that risk."

"I do not think that as often is imaged to be the case we top out rating because a company has nuclear exposure, that is not the case."

"You also asked about Fukushima, I our estimation the most significant aspects of Fukushima is what it is going to do to the future, the future ability to build out nuclear capacity."

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