Climate change is an increasing concern in the United States as well as the rest of the world. Although the specifics remain to be decided, there is now little doubt that regulations to constrain the emissions of greenhouse gases will be implemented in the United States. That means that many US industries, including power generation, will need to plan and adapt to a new reality. At this conference, hosted by the Tradefair Group and POWER Magazine, industry analysts and participants examined the power industry's management of carbon dioxide in an increasingly carbon-constrained world. On 13 September, NERA Senior Vice President Dr. David Harrison presented "Evaluating the Financial Impacts of Potential Carbon Programs on Generating Companies," in a panel session on power industry strategies and regulatory initiatives at the federal, state, and local levels. Dr. Harrison's presentation addressed the nature of potential mandatory carbon policies for energy companies and the use of NERA's Carbon Financial Impacts Model to assist companies in evaluating the effects of alternative programs on their bottom lines. The NERA model can be used to evaluate the effects of alternative government policies as well as to assist power companies in planning optimally for a carbon-constrained future.