Understanding Today's U.S. Electric Power Industry
Recorded Seminar Lesson E101B
Register for one or both recorded sessions of this two part seminar
How This Seminar Works
- Each seminar session consists of a high quality streamed audio recording combined with Internet-posted and PDF formatted PowerPoint slides. The audio recording includes all questions asked during the original presentation as well as the instructor's response.
- After registering for a seminar session, you will be emailed a Web link and password which will enable you to view the online seminar session through your computer's Internet connection. Seminar slides will also be provided in PDF format in case you want to print a copy.
- Upon registration, you will receive immediate online access to each seminar session you purchase. Your 48 hour viewing period does not begin until the first time the seminar is accessed. Flexible viewing options are available for groups of 10 or larger. Please call Janice Ohmura at (440) 853-1038 for more information.
- After your access time is completed the online session will expire, but the PDF formatted seminar slides will be yours to keep. You can access the online seminar session using one or more computers, but you will need to register the total number of attendees who will view the seminar.
- Instructor contact information will be provided to you before you access the seminar. After you have viewed the presentation, questions can be directed to the instructor via email or telephone.
If you find today's electric power industry difficult to understand, you are not alone.
This easy-to-follow seminar will quickly bring you up-to-speed on both the details and the "Big Picture" of this key industry. Register today, and learn how it all fits together.
Click Here to Register
What You will Learn - Session #1
- Who the participants are in today's electric power industry, and what their respective roles and perspectives are.
- A summary of utility cost-of-service regulation, FERC Order 888, open-access electricity markets and how we arrived at today's bifurcated marketplace.
- What Tight Power Pools, ISOs, Transcos, RTOs, ITCs and ICTs are, and why these different approaches evolved.
- A map of the current and proposed U.S. ISOs and RTOs and how we got to where we are today.
- Why the restructuring of the North American electricity markets is such a complicated issue at all four levels- operating, economic, regulatory and political.
What You will Learn - Session #2
- The basic steps involved in a bilateral bulk power transaction.
- A description of how an ISO/RTO Day-Ahead auction market works.
- The pros and cons of auction versus bilateral markets: Two fundamentally different approaches.
- A definition of Locational Marginal Pricing ( "LMP" or "LBMP" ) and a brief discussion of its use.
- What the terms LMP, LSEs, NERC, ERO, PJM, ERCOT, MISO, TSP, SMD and FTR mean, and why they are important.
- A summary of today's key industry issues, where the U. S. electric power industry is headed including.
- A summary of what the current outstanding ISO/RTO issues are by region.
- The implications of license plate, zonal and highway/byway transmission rate cost recovery approaches on the building of a new bulk power transmission line, and how transmission rate design can determine who receives most of the benefits.
- A summary comparison of three different approaches to ensuring sufficient new electric generating capacity: PJM's RPM generation capacity planning model versus ISO-New England's Forward Capacity Auction Market versus MISO's energy-only, market-based proposal.
John Adamiak is President and Founder of PGS Energy Training and an expert in energy derivatives and electric power markets. Mr. Adamiak is a well-known and highly effective seminar presenter who has over 20 years experience in the natural gas and electric power industries. His background includes 15 years as a seminar instructor, 9 years of energy transaction experience, and 6 years of strategic planning and venture capital activities. John's academic background includes an M.B.A. degree from Carnegie Mellon University.
Who Should Attend this Seminar
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.
Why Choose PGS?
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 (440) 853-1038.
Payment and Cancellations
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 (440) 853-1038.