Energy Training & Electric Power Classroom Seminars

The Fundamentals of Gas & Electric Utility Rates
A Two-Day Classroom Seminar (CPE Approved)
Washington D.C., - April 14 & 15, The Melrose Hotel

Understanding gas & electric utility rates and their relationship to utility profits doesn't have to be confusing.

Master the fundamentals of energy rate-making and learn the financial and accounting differences between regulated and unregulated businesses with this comprehensive course. This is a "must" seminar for anyone who is new to the utility industry or who is impacted by the utility rate-making process. Click here to register.

What You Will Learn
  1. Plain English explanations of numerous gas & electric regulatory terms and concepts, and how the federal and state rate-making process works.
  2. How gas & electric rate-making practices vary between investor owned utilities, municipal utilities, coops, and how these rate practices impact unregulated energy marketers.
  3. The jargon used in the regulatory process, so that you can understand each step of a rate case.
  4. Why utilities file rate cases and the types of analyses they conduct to support their proposals.
  5. The difference between cost of service and market-based pricing, and how these rates are applied.
  6. How various federal and state rate case procedures work, and how they differ.
  7. What the different cost components of the base rate case are, and how they are determined.
  8. The financial drivers for regulated utilities and how they differ from unregulated businesses
  9. How to improve utility profitability through the rate-making process.
  10. How different types of pricing structures are designed within rate proceedings
You Will Also Learn
  1. The specifics of various natural gas and electric rate structures; how to read a tariff; and how to analyze a gas & electric bill.
  2. What rate structures benefit customers and suppliers, and when.
  3. How rate structures are designed and applied in deregulated environments.
  4. How to calculate comparisons between regulated and deregulated supply procurement.
Seminar Agenda

Day One (Morning - 4 hours):

  • Conduct a thorough review of the gas & electric industries from a regulatory perspective.
  • Discuss the major regulatory changes that created the energy marketplace of today.
  • Review the fundamental concepts of gas & electric rates and rate-making in detail.
  • Explain how rate base and rate of return are determined.
  • Discuss how items are categorized as operating expenses or capital expenses.
  • Explain the federal and state rate case processes involved for both base rate increases and fuel adjustments.
  • Discuss the various rationales used to request changes in gas & electric rates.

Day One (Afternoon - 4 hours):

  • Review the current problems encountered when implementing today's open-access markets and customer choice programs.
  • Examine the important issues that create friction between utilities and energy marketers from both perspectives.
  • Conduct a gas/electric case study exercise that addresses specific issues selected by the class.
  • Debate the merits of significant issues contained within the case study using the active participation of class participants.

Day Two ( 4 hours):

  • Interpret a variety of gas & electric tariffs to become proficient in bill analyses techniques.
  • Conduct several bill analyses with both gas and electric bills for residential, commercial, and industrial customer groups.
  • Illustrate the differences between various gas & electric rate tariffs using case studies of different bill applications.
  • Apply case study results and lessons to real-life situations.
  • Continue with the bill and tariff analysis using actual bill examples and situations selected from the class participants which have been submitted in advance.
  • Review several additional examples of increasing rate-making complexity as time allows.
  • Produce comparative analysis of bundled and unbundled rates using current electric and gas pricing examples.
  • Illustrate how the economics of rate design is applied in competitive energy markets.
Your Instructor - Washington D.C.

Jim Crist
is President of Lumen Group, Inc. headquartered in the suburbs of Pittsburgh. He has over 27 years experience in the energy industry covering coal, gas, oil, propane, and electricity. Jim has conducted many strategic studies of the industry and prepared market and business assessments for several large energy companies. Before founding Lumen Group in 1996, Jim spent 20 years working for major energy companies in engineering, technology development, rate and regulatory policy development and marketing. He served as marketing vice president in both regulated and deregulated entities. His consulting practice provides strategic planning, marketing and business development, and rate and regulatory consulting, along with serving as an expert witness in regulatory proceedings in several jurisdictions.

Who Should Attend this Seminar

Utility analysts, utility employees involved in legal, accounting, regulatory, engineering, operations, customer service, sales, or marketing, Utility commission employees, industrial customers, commercial customers, Energy producers, utilities, electric generators, and marketers; energy and electric power executives; traders; marketing, sales, purchasing & risk management personnel; accountants; trading support staff; auditors; attorneys; government regulators; plant operators; engineers and corporate planners.

Prerequisites and Advance Preparation

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

Program Level

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

Delivery Method

Group-live.

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. View Past Seminar Attendees

Hotel and Seminar Information
This 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 12:00 PM (noon). The program includes continental breakfast, lunch, and coffee/cookie breaks for each day. Attendees also receive a professionally produced seminar manual that can serve as a valuable office reference. Dress is casual for all seminars
April 14 & 15
The Melrose Hotel
2430 Pennsylvania Avenue, NW
Telephone: 202-955-6400
Registration Fee and Discounts

Register Today!. The price for this comprehensive two-day seminar is $1,495 (USD).

Early Bird Special: Register on or before Nov 18, 2010 and save an additional $200 per order!
Register soon to get Early Bird pricing. A limited number of Early Bird seats are available.
  • 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 for the same seminar, 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 and will call you to obtain the credit cards and registration information for your other attendees in order to give them their 20% discount. If applicable the Early Bird discount of either $200 or $100 will be divided evenly between all participants.) 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 and Cancellations

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.

CPE Credits in Specialized Knowledge & Applications

This live group seminar is eligible for 10.0 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.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 10.0 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.

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