Energy Training & Electric Power Classroom Seminars

Understand the basic workings of the dynamic Texas wholesale and retail markets; how the ERCOT ISO operates; and what changes have occurred as ERCOT shifted from a "zonal" to a "nodal" or "LMP-type" form of Market Design and how the new Market Design works.

This easy-to-follow seminar will quickly bring you up-to-speed on both the details and the "Big Picture" of this key market. Click here to register.

1. ERCOT Structures, Market Functions and Stakeholders
2. ERCOT Transformation from a Zonal to a Nodal Based Market
3. Nodal System: LMPs, Congestion Management and CRRs
4. Power Transactions at the Wholesale Level and How it Works
5. Bilateral and Auction Markets
6. Day-Ahead Markets: Energy, Ancillary Services and Capacity
7. Real-time Markets
8. Settlement Processes and Who Gets Paid What
9. Wholesale Pricing, Retail Market Functions, ERCOT structures for Retail Business
10. Current and Future Issues

1. Highlights of the move from a "Zonal" to a "Nodal" Market Design.
2. What changed after the move to a Nodal Market Design and major transactional differences.
3. Wholesale Balancing and the importance of the QSEs' role.
4. The workings and relationship of the Day-ahead and Real-time Markets.
5. What the "Shadow Price" is, and why it is important and it's relationship to LMP.
6. ERCOT's Zonal and Local Congestion Management procedures.
7. The functions and importance of Congestion Revenue Rights.
8. The key wholesale market Settlement activities under the Nodal Market.
9. How ERCOT's retail market works and what's going on in this market.
10. The retail market information system tools (SET, MarkeTrak and the TML) and their functions.
11. What Generation, Transmission and infrastructure issues ERCOT faces now and over the next ten years.

Greg Peters has over 25 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.

Professionals from natural gas and electric utilities, pipelines, attorneys; government regulators, traders & trading support staff, energy producers and marketers, banks and hedge funds, government regulators, buyers and operators, accountants & auditors, industrial trade groups, shipping and cargo executives, equipment manufacturers and suppliers, environmentists, and anyone needing a solid overview and foundation in understanding how ERCOT works and current issues.

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

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. View Past Seminar Attendees

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 3:30 PM. The program includes continental breakfast, lunch, and coffee breaks. Attendees also receive a professionally produced seminar manual that can serve as a valuable office reference. Dress is casual for all seminars.

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

Early Bird Special:

Seminar Date(s) Cutoff Date Additional Savings Houston - June 12 May 23, 2012 $100 per order Houston - October 18 Sep 28, 2012 $100 per order Houston - December 6 Nov 16, 2012 $100 per order

• Additional attendees and government employees receive a 10% discount.
• Members of TOGA, AIPRO, INGAA or IOGA-NY receive a 15% discount. Please call 412-521-4737.
• 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.
  Special pricing is available for groups of 5 or more. Please call Janice Ohmura at (412) 521-4737.

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" 26 Teal Lane HHP · Hilton Head Island, SC 29926. Cancellations can be made up to five (5) business days prior to the start of the seminar for a full refund. No refunds will be made thereafter, but full credit for one year 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.

This live group seminar is eligible for 6.5 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 · 26 Teal Lane HHP · Hilton Head Island, SC 29926
Tel: (412) 521-4737 · Fax: (866) 230-1261 · newinfo@pgsenergy.com · Privacy Policy