Nice gathering at historic Arizona Biltmore. Went about 3 hours, including long Q&A sessions interspersed.
Directors and CEOs of public electrical utilities from around country.
Naturally, much discussion on coal v NG, and skepticism about natural gas prices staying low (Henry Hub prices are very low now, but have much several fold higher in recent memory, so perceptions are naturally probed when it comes to long term).
My message was that NG prices will stay low long-term but rise somewhat as LNG exports naturally unfold. US coal, thus displaced, will go to Asia in export for its higher caloric value and lower impurities. Some in industry predict doubling of coal exports by 2020, with India and China as main demanders.