For over ten years, Analyst Training has provided the comprehensive foundation you need to build a career in the power and gas sectors. You'll learn from people who work in this industry every day - from the fundamentals of the markets to financial and credit analysis to capital markets and much more.
You'll also participate in a hands-on case study, featuring multiple approaches to the analysis of a publicly-traded power company. You'll move beyond academic methodologies and come away with practical knowledge you can use immediately.
The "Three Day Analyst Training in the Power and Gas Sectors" (listed on the website) has a half day of intensive workshops in simulation modeling. You'll have the opportunity to put what you've learned into practice while it's still fresh.
Day One
8:00 am
Registration and Continental Breakfast Open
8:45 am
Welcome and Introductions
9:00 am
Power and Natural Gas Value Chain
This overview will examine energy market structures, including the generation, transmission and distribution of power, as well as the transportation, storage and distribution of natural gas. The session also offers a framework for understanding and measuring industry performance at the macro level.
10:30 am
Refreshment Break
10:45 am
Credit Analysis and Ratings
An examination of energy companies from the perspective of credit rating agencies and the fixed income investor. Gaining insight into the methods used by rating agency analysts to assess financial strength, participants learn what it takes to be a well-rated company. The session also illustrates the relative merits of various balance sheet management strategies, and the warning signs for ratings downgrades.
12:00 pm
Lunch
1:00 pm
Rate Cases, Regulations and Policy and the Impact on Earnings
In addition to dissecting and examining the intricacies of the rate case process, you'll explore the financial implications of decisions and policies on the concerned parties. Topics covered include revenue requirement calculation, rate base and rate of return, and return on equity methodologies.
2:00 pm
Refreshment Break
2:15 pm
Accounting for the Effects of Rate Regulation
The ratemaking process creates a unique link between costs and revenues. ASC 980 addresses the financial accounting and financial statement impact of this process. In this section we will cover the general and specific accounting standards that exist for rate regulated enterprises as well as certain unique financial statement disclosures typically required by rate regulated entities.
4:00 pm
Day One Concludes
4:30 pm
Cocktail Reception
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Day Two
8:15 am
Continental Breakfast Opens
9:00 am
Capital Markets
This session will discuss the advantages and drawbacks of various capital raising strategies and alternatives, illustrating their effects on the company financials and valuation. Time is devoted to addressing current trends in the primary capital markets and providing practical examples on the execution and impact of various capital raising efforts.
10:30 am
Refreshment Break
10:45 am
Asset Valuation - mini case
An exploration of the most common approaches and techniques used to value generation assets. Discussion includes the importance of the nuances surrounding energy assets' revenue and cost streams
12:00 pm
Lunch
1:00 pm
Case Study: Investing in the Power and Gas Sector
In a hands-on team exercise, you'll have the opportunity to apply the valuation tools and analytical skills developed over the course of the seminar by utilizing multiple approaches to the analysis and valuation of a publicly-traded power company.
2:00 pm
Refreshment Break
2:15 pm
Case Study: Investing in the Power and Gas Sector (cont'd)
3:30 pm
Day Two Concludes
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This live group seminar is eligible for 12.5 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.
Finance, investor relations or corporate strategy/development professionals at power or 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. Industry regulators.
Suppliers to the power and gas sectors.
Some familiarity with basic accounting and finance concepts.:
Pre-class reading material, which will be provided prior to the program.: A calculator (or equivalent phone app) for use during the seminar.
PGS in Partnership with SNL Energy seminars are known for their clear explanations and in-depth content. The SNL Energy seminars are produced by the Knowledge Center, expert training from S&P Global Market Intelligence. Register today, and join the energy professionals who have already attended one of these proven programs.