IN-PERSON CLASSROOM SEMINARS

View PGS Client List
Project Finance for Power and Gas Infrastructure Investments - In Partnership with SNL Energy


A Two-Day Classroom Seminar (CPE Approved)

Register Soon to get Early Bird Pricing.

With the advent of independent power producers and merchant generators, project finance became a feature of energy capitalization. This approach has been used to fund many projects for which corporate finance has been a suboptimal source of capital. Even though the merchant markets are currently less appealing economically, this method of financing has proven relevant to a variety of situations: replacement of retiring older generators, new renewable projects, and more. Even established regulated utilities can find value in this approach for potential tax, cost of capital, and ring-fencing benefits.

Accordingly, an understanding of this method of financing has become essential to anyone involved in the funding of power and gas infrastructure investments. That's the driving force behind this new two-day interactive course. You'll get an in-depth explanation of project finance, both in the US and internationally. Through lectures, case studies, and hands-on exercises, you'll learn the ins and outs of project finance, the equity and project development considerations, and how to put it all together to build an actual structured transaction.

Throughout the course, an emphasis on risk identification, allocation and mitigation will be highlighted, from a project's conception, across its entire dynamic life cycle.

What You Will Learn
  • The ability to identify the key commercial components necessary to structure a financeable project, from underlying contracts through to a detailed financial model
  • A thorough understanding of the capital structure of a special purpose project finance vehicle, through in-depth review of equity and debt instruments
  • Knowledge of the financial markets and associated market participants that are relevant to project finance
  • An understanding of the key legal concepts associated with project finance, through assessment of the package of contractual agreements that underpin any financing arrangement
  • The skills and knowledge in modeling, contracting, financing, and risk mitigation to build a structured transaction in a real-world case study
Seminar Agenda
Untitled Document

Day One  

7:45 am

Registration and Continental Breakfast Open

8:30 am

Introduction and Overview

9:00 am

What is Project Finance?

  • Definition and contrast with corporate finance
  • Participants & commercial building blocks
  • Risk identification, allocation & mitigation
  • Importance of structure
  • Examples of common applications

10:15 am

Break

10:30 am

Equity Considerations

  • Project life cycle and dynamic risk profile
  • How does the project’s profile and risks change over time?

12:00 pm

Lunch

1:00 pm

SNL Project Finance Product Uses Overview

1:30 pm

Project Development Considerations

  • What factors affect the economics of a transaction?
  • Overview of the technological and bureaucratic issues that influence development speed, success and value
  • What are the supply chain considerations that must be considered in the project?

2:45 pm

Break

3:00 pm

Equity Considerations (continued)

  • What governance structure makes the most sense?
  • How will different parties be represented?
  • What are the mechanisms available for dispute resolution?
  • Liquidity, exit and sale rights
  • Economics: cost of capital, IRR and cash-on-cash return, distributions, waterfalls, flip points, carried interest, taxes

5:00 pm

Day One Concludes

Day Two

7:30 am

Continental Breakfast Opens

8:30 am

Turning Commercial Terms into a Financeable Project Profile

  • What are the primary concerns of lenders?
  • What are the essential financial inputs?
  • Key financial model data points, assumptions, and sensitivities
  • Financing strategies

10:00 am

Break

10:15 am

Turning Commercial Terms into a Financeable Project Profile (continued)

12:00 pm

Lunch

1:00 pm

Putting the Pieces Together: Case Study - Gas Fired Combined Cycle with a Tolling Arrangement

  • Students will use the skills and knowledge they have acquired in modeling, contracting, financing, and risk mitigation to put together a structured transaction for a real-world gas fired combined cycle generator

2:45 pm

Break

3:00 pm

Case Study Debrief

4:00 pm

Program Concludes

Hotel and Seminar Information
This two-day seminar will be held at the hotel listed below. The seminar will start promptly at 8:00 AM and will finish at 5:00 PM on the first day. On the second day, the seminar will resume at 8:00 AM and will finish at 4:00 PM. Your registration includes all conference materials and continental breakfast and lunch on both days. Dress is business casual.
COVID 19 Information: Please click here for the PGS Covid-19 policy. You can confirm each hotel's specific COVID 19 policy using the link(s) provided below.
Registration Fee and Discounts
The price for this comprehensive two-day seminar is $2,095 (USD).
Register online or Call (440) 853-1038.
  • Additional attendees and government employees receive a 10% discount.
  • Register 4 or more attendees and receive 20% Off. Special pricing is available for groups of 5 or more.
    If you want attendees to pay with separate credit cards or have other questions, please call (440) 853-1038 for assistance.
Payments and Cancellations
Payment is due prior to the start of the seminar by Visa, Master Card, American Express, 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 will result in a credit that is good for 2 years which can be transferred to a colleague. Substitutions may be made at any time. 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

This live group seminar is eligible for 14.5 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.nasbaregistry.org. CPAs interested in attending any seminars should contact our offices for details on CPE credits granted and any prerequisite requirements.
PGS Energy Training is registered with GARP as an Approved Provider of Continuing Professional Development (CPD) credits. If you are a Certified FRM or ERP, please record this activity in your Credit Tracker at http://www.garp.org/cpd. 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/cpd.
Who Should Attend

Business/ Corporate Development, Financial Planning and Analysis, and Corporate Finance/ Treasury professionals at power and gas companies

Professionals in investment banking, project finance, asset management, hedge funds, or equity/fixed income research

Consultants, accountants and lawyers who advise power and gas clients on infrastructure projects,Current and potential suppliers or professionals looking for an understanding of how projects are structured in order to bolster their service offerings

Prerequisites and Advance Preparation
Participants will need to bring a laptop computer with access to Microsoft Excel and a calculator.

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

Why Choose PGS?

PGS in Partnership with SNL Energy seminars are known for their clear explanations and in-depth content. Register today, and join the energy professionals who have already attended one of these proven programs.

Program Level & Delivery Method
Basic level. This fundamental course begins with basic material and then proceeds to the intermediate level. Delivery method is "Group-Live.”