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Understanding Today's U.S. Electric Power Industry*
A Live 1/2 Day Phone & Web Seminar (CPE Approved)
October 1st, 1:00 pm to 2:30 pm and 3:00 pm to 4:30 pm (U.S. Eastern Daylight Savings Time)
*This seminar is Part II of a two-part series. The September 30th Phone and Web seminar "Fundamentals of the U.S. Electric Service System" is recommended as a prerequisite course.
 
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.

If you find today's electric power industry difficult to understand, you are not alone.

This easy-to-follow seminar will quickly bring you up-to-speed on both the details and the "Big Picture" of this key industry. Register today, and learn how it all fits together. Click Here to Register

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

Who the participants are in today's electric power industry, and what their respective roles and perspectives are. 
   
A summary of utility cost-of-service regulation, FERC Order 888, open-access electricity markets and how we arrived at today's bifurcated marketplace.
   
What Tight Power Pools, ISOs, Transcos, RTOs, ITCs and ICTs are, and why these different approaches evolved.
   
A map of the current and proposed U.S. ISOs and RTOs and how we got to where we are today.
   

Why the restructuring of the North American electricity markets is such a complicated issue at all four levels- operating, economic, regulatory and political.

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

  The basic steps involved in a bilateral bulk power transaction.
   
  A description of how an ISO/RTO Day-Ahead auction market works.
   
  The pros and cons of auction versus bilateral markets: Two fundamentally different approaches.
   
  A definition of Locational Marginal Pricing ( "LMP" or "LBMP" ) and a brief discussion of its use.
   
What the terms LMP, LSEs, NERC, ERO, PJM, ERCOT, MISO, TSP, SMD and FTR mean, and why they are important.
   
A summary of today's key industry issues, where the U. S. electric power industry is headed including.
   
  A summary of what the current outstanding ISO/RTO issues are by region.
   
  The implications of license plate, zonal and highway/byway transmission rate cost recovery approaches on the building of a new bulk power transmission line, and how transmission rate design can determine who receives most of the benefits.
   
  A summary comparison of three different approaches to ensuring sufficient new electric generating capacity: PJM's RPM generation capacity planning model versus ISO-New England's Forward Capacity Auction Market versus MISO's energy-only, market-based proposal.

Your Instructor

John Adamiak is President and Founder of PGS Energy Training and is an expert in energy derivatives and electric power markets. Mr. Adamiak is a well-known and highly effective seminar presenter who has over 20 years experience in the natural gas and electric power industries. His background includes 12 years as a seminar instructor, 9 years of energy transaction experience, and 6 years of strategic planning and venture capital activities. John's academic background includes an M.B.A. degree from Carnegie-Mellon University.

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

$395 for the first attendee and $195 for each additional participant.

Click Here to Register

Payment & Cancellations

Payment is due prior to the start of the seminar by Visa, Master Card, American Express, Diners Club or 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 two (2) 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 seminars. 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 3.5 CPE credits. PGS telephone seminars are eligible for CPE credits only if seminar participants use the printed seminar slides – not the Internet posted slides. 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.
PGS Energy Training
43 Fawnvue Drive • Suite 700
Mckees Rocks, PA 15136
Tel: (412) 521-4737 • Fax: (866) 230-1261
info@pgsenergy.com