Energy Training & Electric Power Classroom Seminars

Valuation of energy assets and structured energy contracts can be complex and challenging because they often have operational constraints and flexibilities that impact the cash flows produced by the asset or obligation. Energy asset valuation requires not only in-depth familiarity with energy industry operations, infrastructure, and markets, but also a sophisticated knowledge of finance techniques and the decision criteria of regulated and deregulated markets.

In this seminar we provide an in-depth overview of the economic principles of valuing physical and contractual assets in the electric, natural gas, and petroleum industries. Starting with a detailed knowledge of the business strategy, market structure and operational issues, we build the strategic business case for capital investment and project risk management.

We particularly focus on the financial tools used to evaluate the complex risks, operational flexibility, and options that are often associated with energy assets and structured products. Participants focus on the strengths of various financial modeling techniques, forecasting, and market analysis with a special focus on the principles of real options using traditional financial engineering methods. Click here to register.

1. How to Value Complex Commodity Contracts
2. How to Value Power Plants, Plant Upgrades and Tolling
3. How to Value Transmission and Distribution Investments
4. How to Value Natural Gas and Electric Storage Assets
5. How to Value Strategic Petroleum Investments
6. Risk Management Tools to Monetize Value
7. Electricity Price Forecasting using Financial Engineering Methods

1. Strategic planning in regulated and deregulated utilities.
2. Regulated avoided cost and cost effectiveness calculations.
3. The pros and cons of net present value (NPV), decision analysis (DA), and real options (RO) valuation techniques.
4. Forward price simulation of fuel and energy markets.
5. Intrinsic and extrinsic valuation principles using real options.
6. Building financial pricing models including start-to-finish development of the Geometric Brownian Motion (GBM), Mean Reversion Jump Diffusion and GARCH models.
7. The relationship between financial options and real options, and the three methods of valuing options,Black Scholes, binomial trees, and Monte Carlo simulation.
8. How to use Black Scholes, binomial trees, and Monte Carlo simulation to value assets, assess risk and develop hedges to lock in value.
9. The role of volatility, portfolio considerations, and risk management implications to asset pricing and valuation.
10. Case studies: valuation of complex structured products in gas, power, and oil markets.
11. Case studies: how to value physical assets using real option analysis.

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.

Intermediate level. This fundamental course begins with basic material and then proceeds to the intermediate level.

Basic level. This fundamental course begins with basic material and then proceeds to the intermediate level.

Group-live.

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

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

• Additional attendees and government employees receive a 10% discount.
• Members of TOGA, AIPRO, INGAA or IOGA-NY receive a 15% discount. Please call (440) 853-1038.
• 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 (440) 853-1038 for more information.
  Special pricing is available for groups of 5 or more. Please call Janice Ohmura at (440) 853-1038.

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 · 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 a one year full seminar credit will be given toward future workshops upon receipt of $175 which will used to help offset the non-refundable food, beverage, manual and other expenses incurred by PGS. Substitutions may be made at any time. If PGS needs to cancel a seminar due to instructor unavailability, lack of attendance or other unforeseen reason, you will be offered the choice of rescheduling for another seminar, a seminar credit, or a refund. PGS will not be responsible for any airline, hotel or other fees in such situations. For more information on PGS policies regarding administrative matters and complaint resolution, please contact our offices at (440) 853-1038.

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 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.learningmarket.org. CPAs interested in attending any seminars should contact our offices for details on CPE credits granted and any prerequisite requirements. PGS telephone seminars are eligible for CPE credits only if seminar participants use the printed seminar slides - not the Internet posted slides.

PGS Energy Training is registered with GARP as an Approved Provider of continuing professional education (CPE) credits. PGS Energy Training has determined that this program qualifies for 6.5 credit hours. If you are a GARP CPE participant, please record this activity in your Credit Tracker at www.garp.org/cpe. 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/cpe.