Distributed generation, microgrids, renewables and energy storage are disrupting traditional utility business models. Moreover, in New York State, the Public Service Commission has proposed Reforming the Energy Vision (REV) that seeks to transform the utility regulatory model by integrating greater levels of Distributed Energy Resources. These changes are impacting utility planners, investors and technology providers. This PGS seminar will focus on changes underway in New York utility markets due to these technology and regulatory changes.
The economic challenges of net metering, distributed energy resources, load erosion due to new competitors, load management, and demand response are forcing utilities to change how they operate. Microgrids are moving from concept into commercialization and also impacting utility resource planning. Energy storage is managing facility resources for back up power with more renewable energy and energy efficiency deployed.
Distributed generation is now a challenge to electric utilities as many small-scale projects can provide grid instability, more uncertainty, and potentially additional costs. Microgrids which integrate several of these technologies are also a potential threat to utilities and must be assessed thoroughly.
Peter C. Fusaro wrote the New York Times best seller “What Went Wrong at Enron” and is an international expert on sustainable finance, carbon markets and renewable energy, His knowledge of the energy industry goes back almost 5 decades as both a policy maker at the US Department of Energy in Washington DC and as a senior executive at a multinational oil company and at an original equipment manufacturer. Peter founded and runs the Wall Street green Summit, the oldest sustainable finance event in North America.
Peter has been very involved in ESG (Environmental, Social Governance) and impact investing for the past decade. Formerly, he was a member of trading and markets committee of the voluntary Chicago Climate Exchange and on the board of Carbon Trade Exchange in the UK and Australia. Peter was also involved in implementation of AB32, California’s Climate Change law, and Clean Development Mechanism projects under the Kyoto Protocol. Through PGS and other entities such as the Swiss Finance Institute in Geneva, he has taught over 1,000 people on carbon markets and carbon finance. Today, carbon markets are in an upsurge with over 65 mandatory markets as well as voluntary markets throughout the world. Peter offers unique insights into their market development and maturation.
Peter has been on the Advisory Board’s of the University of Michigan Erb Institute for Global Sustainable Enterprise and Bard College’s MBA in Sustainability. He was an adjunct professor at Columbia University and developed and taught a popular renewable energy project finance course. He is a graduate of Tufts University with an MA and Carnegie-Mellon University with a BA.
This live group seminar is eligible for 11.0 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.
Among those who would benefit from attending this classroom seminar are electric and gas utility professionals, renewable energy project developers, state & federal regulators, attorneys, consultants, technology providers, energy storage companies, software service providers, electricity and gas marketers, corporate planners, engineers, banks and hedge funds, venture capitalists, real estate executives, entrepreneurs, environmentalists, accountants & auditors, industrial trade groups, equipment manufacturers, suppliers, students, and utility planners, investors, technology vendors and anyone needing a solid overview and foundation of distributed energy, what the Microgrid is, where the industry is going, and what opportunities there are for investors, technologies, and end-users in an evolving utility landscape.
This is the fundamental level group seminar. Besides the seminar note both handouts and follow up collateral will be provided to attendees.
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