How This Seminar Works
	1. This live seminar consists of two 90-minute, high quality conference calls combined with your choice of printed or Internet-posted slides. 2. The day before the seminar, you will be emailed a toll-free telephone number to access the audio portion of the live seminar session. The seminar's slides will be attached to the email as a PDF file, and a Website link will be provided so you can view the slides on the Internet if you prefer. Phone calls originating from outside of the USA and Canada will be a toll call billed to you by your telephone service provider. 3. A few minutes before the seminar is to begin, you will call the toll-free phone number to access the audio portion of the seminar. You can follow the visual portion of the presentation by using the printed PDF files or by viewing the Internet-posted slides on your computer screen. 4. A professional moderator will manage the seminar teleconference and there will be ample opportunity to ask questions. All participants will hear both the question and the instructor's response. After the seminar is over, further questions can be directed to the instructor via email.

Extreme energy prices have highlighted the need to understand energy risks and to properly plan for changing markets. Learn how a set of effective planning tools can be used to frame, analyze and manage your organization's exposures.

In addition to presenting the fundamental concepts of risk management, this seminar also addresses the statistical tools required to effectively manage energy risk and presents a comprehensive energy risk management methodology that addresses energy risk from the strategic perspective of the enterprise level all the way down to the detailed management of specific individual risks. Click Here to Register

What You will Learn (Session 1 - 1:00 pm to 2:30 pm)

• What is Enterprise Risk Management and it’s relationship to energy risk
• The components of enterprise risk management and why they are important
• Energy as a percent of Cost of Goods Sold and the impact to Corporate Earnings
• The difference between systematic and specific risk and what to do about them
• Fundamentals of CAPM and RAROC for capital energy investments
• How to develop a Strategic Risk Management Plan and why it’s important
• Risk Framing: what it is and how it can be used to manage risk
• Risk Decision Matrix: How to identify, assess, control and monitor energy risk
• How to use statistical methods to measure energy risk
• Forward price simulation, how it’s used and how to do it
• Using Monte Carlo methods to measure price and volumetric uncertainty
• How to measure expected energy budget probability distributions
• Risk Quantification (Tools) including VaR, TEVaR, CVaR, CFaR

What You will Learn (Session 2 - 3:00 pm to 4:30 pm)

• Fundamentals of hedging energy risk exposure
• Layered hedging strategies for volatile energy markets
• Using triggers and stop losses in dynamic hedging decisions
• Combining spot purchases, forward contracts and options to manage risk
• How to optimize supply portfolios using probability theory
• Using Demand Side Management options to manage price risk
• Combining Commodity Risk Reduction and Demand Side Management

Your Instructor

Kenneth Skinner, Ph.D. – Dr. Skinner is Vice President and Chief Operating Officer of Integral Analytics (IA), an analytical software and management consulting firm focused on operational, planning, and market research solutions. Reaching every aspect of the energy industry, the IA proprietary analytical, programming and statistical methods allow clients more precise valuation, faster and more affordably. Dr. Skinner has over 15 years of energy industry experience including 5 years as the Derivative Structuring Manager for Sempra Energy Solutions, a national energy supplier, focused on developing retail commodity supply strategies including portfolio risk management, hedging strategy, and least-cost supply opportunities. Having worked with several energy consulting companies including Summit Blue Consulting, RDI Consulting and PHB Hagler Bailly, Dr. Skinner has significant experience in economic analysis and modeling of energy assets including development of portfolio VaR models, structured valuation of distributed generation and electricity and natural gas commodity transactions, financial risk assessment and valuation of energy hedging strategies.

Who Should Attend this Seminar

This seminar will benefit a wide variety of organizations in the electric power, financial and energy industries. Professionals from banks, energy producers, electric utilities, energy marketers, industrial companies, electric generators, and municipals will gain valuable insights, as will natural gas, oil and electric power executives, traders, marketers, (sales, purchasing & risk management professionals), accountants, economists, trading support staff, auditors, attorneys, government regulators, rate specialists, plant operators, engineers and corporate planners.

Why Choose PGS?

Save time and travel expenses while you increase your knowledge. PGS seminars are known for their clear explanations and in-depth content. Over 3,000 energy and financial professionals have already attended PGS Energy Training's proven courses. View Past Seminar Attendees

Prerequisites

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

Registration Fee