You can set up IFTTT integration between Philips Hue (and hundreds of other services) and Telldus Live through the Maker channel (https://ifttt.com/maker
). It's quite straight forward and easy to set up.
Then as a Telldus Live pro subscriber you can send http-requests in your events to your Maker channel to trigger Philips Hue lights (POST requests like: "http://maker.ifttt.com/trigger/diningroomlights_off/with/key/yourpersonalkey")
I use this today in several telldus live events and it works well, with only approx 5-10 seconds delay from sending the request until the hue lights respond.
Otherwise you can wait until Telldus releases their official IFTTT channel (it's in beta today if I'm not misinformed - Have tried this beta functionality myself, but chooses to use the maker channel instead since my experience is that the respons times in the Telldus channel been much slower to trigger the Hue lights)