Recorded Seminars

Recognition is growing that the Environmental Protection Agency's Cross-State Air Pollution Rules (CSAPR), issued July 6th, could result in a rapid and steep increase in natural gas and electricity prices: natural gas could jump by $1.00/MMBtu, and electricity could increase 25% or more in some regions.

Much will be at stake.

To make matters worse, these price increases could occur nationwide - not just in the 27 states directly impacted by the program. Notably, the impact on Texas, where SO2 emissions must be cut by nearly 50%, could be particularly severe and will certainly spill over into other states.

PGS Energy Training is proud to be the first to present a web seminar that will discuss in-depth the impact of EPA's new rule on prices for electricity and natural gas and likely prices for SO2 and NOx allowances.

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• Why the Air Transport Rule is likely to become effective January 1, 2012 - despite the President's decision to delay tightening of the federal ozone standard
• Whether some widely-circulated estimates of the impact on natural gas demand are exaggerated
• How steeply electricity prices might rise in Texas
• Whether reliability in ERCOT could be seriously impaired
• The need to reduce emissions significantly below EPA's new caps in order to create a reserve of banked allowances for future use
• Pitfalls in EPA's new variability rule
• Why the breakeven price between natural gas and coal-fired generation is likely to be much higher than current levels
• How this will affect the floor price for natural gas
• The potential impact of weather on prices for SO2 and NOx allowances
• Why the impact of the CSAPR on electricity and natural gas prices in the western U.S. and other regions not covered by EPA's new rule could be nearly as great as in the covered states
• Why there will be an increased risk of price spikes
• Specific price forecasts for natural gas, electricity and coal, and for each of EPA's four new emissions trading programs
• How industrial energy users will be affected
• Impact on renewable energy
• Potential new opportunities for demand-side management and the smart grid

Andy Weissman is a Partner in the Wall Street law firm of Carter, Ledyard & Milburn LLP and Editor-in-Chief of Energy Business Watch, one of the premier energy market advisory services in the country. He has more than three decades of experience providing strategic advice and counseling to major electric utilities, independent power producers, natural gas and coal producers, large energy users, hedge funds and other major financial institutions and retail and wholesale energy marketers. During the past decade, he repeatedly has been among the first to spot major price trends in the electricity, natural gas and coal markets. Earlier in his career, he helped to pioneer the use of emissions trading in the U.S., structuring nearly all of the early transactions under Title IV of the Clean Air Act Amendments of 1990, which established a "cap and trade" program for precursors of acid rain.

These seminar sessions will benefit those organizations and professionals interested in learning the relationship between coal, natural gas and electric power prices and the basics of power generation economics. Energy producers, utilities, banks, law firms, municipals, ISOs, power marketers, industrial companies, and electric generators will gain valuable insights, as will energy and electric power executives, traders, marketers, (sales, purchasing and risk management professionals), accountants, trading support staff, auditors, attorneys, government regulators, rate-making specialists, plant operators, engineers and corporate planners.

PGS seminars are known for their clear explanations and in-depth content. Register for a PGS program today, and join over 12,000 energy and financial professionals who have already attended one or more of PGS's proven courses. View Past Seminar Attendees

This seminar has no prerequisites. No advance preparation is required before the seminar.

Each session is $149 for the first attendee, $75 for the second attendee, and $45 for each attendee thereafter.

Flexible viewing options are available for groups of 10 or more.
Please call Janice Ohmura for details at (412) 521-4737.

Payment can be made by Visa, Master Card, American Express, Diners Club, check or wire transfer. 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. Due to the nature of this pre-recorded product, no refunds are possible, but full credit for one year will be given toward another seminar. For more information on PGS policies regarding administrative matters and complaint resolution, please contact our offices at 412-521-4737.