Structured Energy/Power Transactions, Retail Electricity Deals, and How to Trade Around Energy Assets

A Two-Day Classroom Seminar (CPE Approved)

Register Soon to get Early Bird Pricing.

This seminar is designed for regulated and deregulated energy managers, structuring professionals, and anyone else who wants to gain a better understanding of the concepts, methods, and tools energy managers use to structure and price profitable energy/power agreements; how to monetize energy & electric power assets; structure retail power transactions and increase profits. This program covers a wide range of energy and power transactions and assets illustrating common principles used across the energy industry. Many powerful energy/power structuring and asset trading techniques are explored, with examples of how these techniques can be applied to many real-world energy transactions and assets. This course also addresses retail electricity pricing structures, RFP proposals, full requirements contract structures, the issues faced by providers of last resort, switching/migration risk, power purchase agreements and a number of other topics.

A laptop is not required.

What You Will Learn

The economics of electric power generation and how to make money trading between next-day vs. real-time electricity prices.
How to trade around, hedge, and monetize natural gas, petroleum and electric power storage, processing, and transmission assets.
Surprisingly effective natural gas structured transactions that lock in profits and value.
How and why many energy/power market participants "leave money on the table" by undervaluing energy options.
How to increase asset value and build the business case for electric batteries, renewables and other distributed energy resources.
How to trade around storage, transportation, btu and electric generation assets.
How to structure cross-commodity structured transactions.
The structure of forward tolling, and reverse tolling arrangements -- and what to watch out for
How structured financial transactions can mimic physical energy and electric power assets.
How to structure retail energy supply obligations, RFPs, full requirements contacts and community choice aggregation deals.
And much moreâ€¦

Seminar Agenda

FOUNDATIONS OF STRUCTURING

Derivatives Review
Swaps, Futures, Options, etc.
Structured Contracts - What they are and how they differ from plain vanilla derivatives
Deal Capture and Compliance issues with derivatives and structured transactions
Regulatory Issues, ISDA, EEI, FAS133, Dodd Frank
Financing needed for these kinds of transactions - Margining, Counterparty credit, etcâ€¦

OVERVIEW OF STRUCTURED TRANSACTIONS

TRADING AROUND ENERGY STORAGE, TRANSMISSION, AND GENERATION ASSETS

Time Spreads (Storage)
Locational Spreads (Transportation)
BTU Commodity Spreads (Generation)
Heat Rates and How they are Hedged
Converting Coal, Oil and Natural Gas to Equivalent Electric Power Prices
Spark Spreads and Market Implied Heat Rates, Spot and Forward Spark Spreads
The Basics of Spread Trading using a Spark Spread

STRUCTURING RENEWABLE, ENERGY EFFICIENCY AND OTHER DISTRIBUTED ENERGY RESOURCES

Building the Business Case for Electricity Storage - An example of optionality
Renewable Portfolio Standards and Wind Energy and Photovoltaic
Cost-Effectiveness Calculations of Energy Efficiency

STRUCTURED NATURAL GAS AND PETROLEUM TRANSACTIONS

Hedging Firm Transportation
Selling Physical Swing Options to End-Users
Trading Physical in One Location Priced at Index for Another Location
Buying Index with a Floor from a Seller
How to structure profitable energy, electric power, and petroleum transactions without exposure to price risk, and how to financially turn one commodity into another.
How to make money by buying valuable energy options from your customers and suppliers, and how your company may be missing a significant financial opportunity.
Why "extendible" deals can be profitable, and how energy trading desks "trade around assets."
Paying a Premium Over Market and Making a Profit
Selling at a Discount to Market and Making a Profit

STRUCTURED POWER GENERATION TRANSACTIONS

The Economics of Power Generation
Term Trading and Load Obligation
Intra-Month Balancing
Next-day, Real-Time Balancing, Scheduling and Settlements
Hedging & Monetizing Generation Assets
Intrinsic and Extrinsic Valuation of Electric Generation Assets
Financial Contracts that mimic physical assets
Cross Commodity Energy Swaps
Spark Spread Options
Heat Rate Call Options
Heat Rate Linked Power Contacts

FINANCIAL CONTRACTS THAT MIMIC PHYSICAL ASSETS

Cross Commodity Energy Options
Spark Spread Options
Heat Rate Call Options
Heat Rate Linked Power Contacts

POWER GENERATOR OPTIONALITY

Owning a physical generation asset;
Owning a Spark Spread Call Option;
Owning a Heat Rate Call Option;
Controlling a generating asset through a tolling arrangement; or
Using a heat-rate-linked power transaction
RETAIL ELECTRICITY DEAL STRUCTURES
Intermittent Renewables
Pricing an RFP
Wholesale Portfolios and Bidding
Managing Intermittent Renewable Risk
Managing Switching/Migration Risk
Managing "Full Requirement" Load Shape Risk
Power Purchase Agreements
Contractual Issues
Mitigating Risks to Value
Different power products/structures (7x8, 2x16)

Hotel and Seminar Information

his two-day seminar will be held at the hotels 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 on the first day. On the second day, the seminar will resume at 8:00 AM and will finish at 3:00 PM. The program includes continental breakfast, lunch and coffee breaks on the first day and a continental breakfast, snack and coffee breaks on the second day. Attendees also receive a professionally produced seminar manual that can serve as a valuable office reference. Dress is casual for all seminars.

COVID 19 Information: Please click here for the PGS Covid-19 policy. You can confirm each hotel's specific COVID 19 policy using the link(s) provided below.

Registration Fee and Discounts

The price for this comprehensive two-day seminar is $1,945 (USD).

Additional attendees and government employees receive a 10% discount.
Register 4 or more attendees and receive 20% Off. Special pricing is available for groups of 5 or more.
If you want attendees to pay with separate credit cards or have other questions, please call (440) 853-1038 for assistance.

Payments and Cancellations

Payment is due prior to the start of the seminar by Visa, Master Card, American Express, 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" 26 Teal Lane • Hilton Head Island, SC 29926. Cancellations will result in a credit that is good for 2 years which can be transferred to a colleague. Substitutions may be made at any time. For more information on PGS policies regarding administrative matters and complaint resolution, please contact our offices at (440) 853-1038.

CPE Credits in Specialized Knowledge

This live group seminar is eligible for 12.0 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 submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org. CPAs interested in attending any seminars should contact our offices for details on CPE credits granted and any prerequisite requirements.

PGS Energy Training is registered with GARP as an Approved Provider of Continuing Professional Development (CPD) credits. If you are a Certified FRM or ERP, please record this activity in your Credit Tracker at http://www.garp.org/cpd. Please inform PGS Energy Training that you are a GARP CPE participant upon seminar registration.

The Global Association of Risk Professionals (GARP) is a not-for-profit membership association dedicated to preparing professionals and organizations for making better-informed risk decisions. GARP's membership represents more than 150,000 risk management practitioners and researchers at academic institutions, banks, corporations, government agencies, and investment management firms in 195 countries and territories. GARP administers the Financial Risk Manager (FRM) and Energy Risk Professional (ERP) Exams – certifications recognized by risk professionals worldwide. Visit www.garp.org/cpd.

Who Should Attend

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 energy producers and marketers; utilities; banks & financial houses; industrial companies; accounting, consulting & law firms; municipal utilities; government regulators and electric generators.

Prerequisites and Advance Preparation

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

Why Choose PGS?

PGS seminars are known for their clear explanations and in-depth content. Register for a PGS class today, and join the over 10,000 energy professionals who have already attended one of PGS's proven programs.

Program Level & Delivery Method

Basic level. This fundamental course begins with basic material and then proceeds to the intermediate level. Delivery method is "Group-Live.”

IN-PERSON CLASSROOM SEMINARS