13:00 Welcoming Comments

• Vice Chair Angel Semerdjiev

13:05 ERRA Official Terms: Transfer of Chairmanship

• Discussions

13:30 Adoption of Minutes of June 16-17, Update on Recent ERRA Activities & Financial Situation, Operational issues (Membership, international relations)

• Krisztina Kasza

13:45 Update on Activities for the second half of 2005

• Krisztina Kasza
• Discussions

14:00 Evaluation of the New Commissioner Training and the ERRA-CEU Summer School

• Krisztina Kasza
• Discussions

14:30 ERRA 5^th Energy Regulation and Investment Conference: Dates, Agenda Development

• Discussions

15:30 Coffee break

15:45 ERRA 5th Energy Regulation and Investment Conference cont’d

• Discussions

17:00 Conclusion

09:00 Overview of Recent Energy Regulatory Issues and Trends

• Dr. Gabor Szorenyi
• Commissioner Angel Semerdjiev
• Chairman Sergey Novikov
• President Yusuf Gunay
• Chairman Valerii Kalchenko
• Commissioner Adrian Borotea

10:30 Coffee break

10:45 ERRA’s Long-term Sustainability: Update

• Discussions

12:30 Lunch

14:00 ERRA Training: Status of ERRA’s Long-Term Training Concept Paper, Status of the Training Modules, Classroom and E-learning Training Projects

• Erin Skootsky, Robert Archer, Krisztina Kasza
• Discussions

15:30 Coffee break

15:45 ERRA 5^th Energy Regulation and Investment Conference cont’d