This in-depth one-day program provides a comprehensive and clearly explained understanding of the structure, function and current status of the U. S. electric power industry. The seminar also addresses the fundamentals of day-ahead auction markets, LMP, and how the PJM, New York, Texas and other ISO markets operate. View Past Seminar Attendees

What You Will Learn:

1. The structure and function of the electric service system, its terminology and units, and the properties of electricity.
2. How the North American power grid is structured and how it operates; what the different types of electric generation are and the issues we face; and how control areas, spinning reserves, AGC and economic dispatch works.
3. Who the key players in the industry are, and why the industry is so difficult to restructure.
4. The differences between ISOs, transcos, ITCs, RTOs, and ICTs; and what today's ISO/RTO status is by region (Includes a detailed map). 
5. How ISO Day-Ahead auction markets operate, or will operate, in PJM, New York, Texas, California and other markets; what locational marginal pricing (LMP) is, and why it is important; how LMP is applied in the PJM and other ISO markets, and why FTRs, TCCs, CRRs, TLRs, RPM and forward capacity markets are important concepts to understand. (The seminars presented at the Houston and California locations will discuss the Texas and California/Western Power markets respectively. PJM will be summarized at these locations.)

Seminar Agenda

• The properties and terminology of electricity - current, power, var, voltage, etc
• An overview of the electric service system, and how it works
• The pros and cons of different types of electric generation, and how they work.
• The structure and function of the North American power grid
• Who the various industry participants are and their roles
• Why restructuring today’s power markets is such a complicated task.
• How control areas function, what spinning reserves are, and how the lights are kept on.
• What happened with the August, 2003 blackout
• A summary of FERC Orders 888, 889, 2000 and SMD
• The difference between ISOs, ITCs, Transcos and RTOs are, and where they stand today.
• What TLRs, ATC, OASIS, pancaking rates, shrinkage and other terms mean.
• The different types of electric generating units and how the are economically dispatched.
• The different types of electric transmission service and how it's secured
• What locational Marginal Pricing (LMP) is and why it's used
• The difference between auction and bilateral bulk power markets and the pros & cons of each
• The fundamentals of the PJM, MISO, ERCOT or California market (Depending on seminar location) and the role of LMP
• How the PJM/MISO/ERCOT/California two-settlement energy and Day-Ahead markets operate, or will operate.
• The meaning of the terms "RPM" and "Forward Capacity Markets " and why these issues are important.
• A summary of the key issues of today and where the U. S. electric power industry is headed, including a brief discussion the implications of transmission rates on the building out the power grid.
• The pros & cons of PJM's RPM generation capacity planning proposal versus MISO's energy-only market-based approach.
• What PJM FTRs are; their equivalent names in other ISOs, and how and why these financial instruments are used.
• An overview of the similarities and differences between the PJM, New York, New England, MISO, ERCOT and/or California markets. (Depending on seminar location)

Your Instructor - Houston

Greg Peters has over 20 years of energy industry consulting and management experience and is an expert in energy products and services marketing, and supply planning, procurement and energy management. Mr. Peters' consulting experience includes several years as Manager of Price Waterhouse's National Public Utilities Consulting Services and currently as President, Envision Energy Solutions Company. Envision provides gas, electric and fuel management consulting services to a wide range of industrial, commercial and municipal end-users. Previously, Mr. Peters has had fuel procurement, fuel management and planning responsibilities for Columbia Energy Services Corporation, Equitable Gas Company, and The Peoples Natural Gas Company.

.Who Should Attend this Seminar?

Among those who will benefit from this seminar include energy and electric power executives; attorneys; government regulators; traders & trading support staff; marketing, sales, purchasing & risk management personnel; accountants & auditors; plant operators; engineers; and corporate planners. Types of companies that typically attend this program include electric utilities; power marketers; banks & financial houses; industrial companies; accounting, consulting & law firms; municipal utilities; government regulators and electric generators.

Prerequisites

This fundamental level group live seminar has no prerequisites. No advance preparation is required before the seminar.

Why Choose PGS?

PGS seminars are known for their clear explanations and in-depth content. Register for a PGS program today, and team up with the leader in electric power and energy education. Join over 5,000 energy and financial professionals who have already attended one or more of PGS's proven courses. View Past Seminar Attendees

Hotel & Seminar Information

This one-day seminar will be held at the hotel listed below or can be conducted on-site at your facilities. The seminar will start promptly at 8:00 AM and will finish at 4:00 PM. The program includes continental breakfast, lunch, and coffee/cookie breaks. Attendees also receive a professionally produced seminar manual of over 400 slides that can serve as a valuable office reference. Dress is casual for all seminars.

Embassy Suites Houston by the Galleria
2911 Sage Road
Houston, Texas 77056
Telephone 1-713-626-5444
View Hotel Website

PGS Energy Training has secured a limited number of Embassy Suites hotel rooms at a special discounted rate. Please dial 1-713-626-5444 and mention the PGS Energy Training event for your discounted rate. Please sign up early to receive your special room rate. This Embassy Suites frequently sells out.

Registration Fee & Discounts

Register Now and invest in your future. The price for this one-day seminar is $895 (USD).

• Additional attendees and government employees receive a 10% discount.
   
• Sign up for 4 or more classroom seats during the same month and all attendees will receive a 20% total discount. ( If you plan to register 4 or more classroom seats, but want attendees to pay by separate credit cards, register one party now and mention this fact in the "Comments" section of the registration form. We will manually subtract the 20% discount from the first registrant's seminar fee. Tell other parties in your group to mention your name when they register, and we will give them the 20% discount as well.) Please call 412-521-4737 for more information.
  

Payment & Cancellations

Payment is due prior to the start of the seminar by Visa, Master Card, American Express, Diners Club, or corporate check. Seminar fees will be charged to your credit card at the time of registration unless other arrangements have been made. Please make checks payable to "PGS Energy Training" 43 Fawnvue Drive, Suite 700 • Mckees Rocks, PA 15136. Cancellations can be made up to three (3) business days prior to the start of the seminar for a full refund. No refunds will be made thereafter, but credit will be given toward future workshops. Substitutions may be made at any time. For more information on PGS policies regarding administrative matters and complaint resolution, please contact our offices at 412-521-4737.

CPE Credits

This group live seminar is eligible for 7.0 CPE credits. Be aware that state boards of accountancy have final authority on the acceptance of individual courses for CPE credit. As of January 1, 2002, sponsored learning activities are measured by program length, with one 50-minute period equal to one CPE credit. One-half CPE credit increments (equal to 25 minutes) are permitted after the first credit has been earned in a given learning activity. You may want to verify that the state board from which your participants will be receiving credit accept one-half credits.

PGS  Energy Training is registered with the National Association of State Boards of Accountancy (NASBA)  as a sponsor of continuing professional education  on the National Registry of CPE Sponsors. State boards of accountancy have final authority on  the acceptance of individual courses for CPE  credit. Complaints regarding registered sponsors  may be addressed to the National Registry of  CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Web site: www.nasba.org. CPAs interested in attending any seminars  should contact our offices for details on CPE credits granted and any prerequisite requirements.