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.

Dr. Skinner is Vice President and Chief Operating Officer of Integral Analytics (IA), an analytical software and management consulting firm focused on operational, planning, and market research solutions. Reaching every aspect of the energy industry, the IA proprietary analytical, programming and statistical methods allow clients more precise valuation, faster and more affordably. Dr. Skinner has over 15 years of energy industry experience including 5 years as the Derivative Structuring Manager for Sempra Energy Solutions, a national energy supplier, focused on developing retail commodity supply strategies including portfolio risk management, hedging strategy, and least-cost supply opportunities. Having worked with several energy consulting companies including Summit Blue Consulting, RDI Consulting and PHB Hagler Bailly, Dr. Skinner has significant experience in economic analysis and modeling of energy assets including development of portfolio VaR models, structured valuation of distributed generation and electricity and natural gas commodity transactions, financial risk assessment and valuation of energy hedging strategies.

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.

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).

• 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
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