Online Seminars

Fundamentals of Today's U.S. Electric Power Industry-- 4 Seminar Modules

On-Demand Recording ‐ Available Now! (72 hour access)

How These Online Seminars Work

If you have difficulty understanding the U.S. electric power industry, you are not alone. Now is your chance to learn "how it all fits together!"

This online seminar series includes four of our most popular programs offered together at a reduced price. It gives you the same amount of in-depth training as a 1.5-day classroom seminar for less money, and your cost savings significantly increase if you register a group.

You will receive four separate online training seminar modules totaling 7.5 hours of quality training. You will have 72 hours of access time for each module, and accessing one module does not start the timer for the other modules.

This seminar series will provide you and your team with a comprehensive and clear explanation of the structure, function, and current status of today's U. S. electric power industry. Each part of this complex industry will be explained piece-by-piece, and then the pieces will be integrated so that you and your team will finally understand “how it all fits together.”

What You Will Learn

Seminar Module #1  (Available Now)

  1. The properties of electricity including voltage, AC power, direct current, reactive power (vars) and other electric power terms and concepts.
  2. The basic concept of how AC electromagnetic generators and AC motors work, and why reactive power can be an important issue for industrials and solar generation resources.  
  3. The difference between real power (MW) and electrical energy (MWh), and why the power industry can have negative prices during off-peak hours.
  4. An overview of the North American electric service system (T&D wires and generation), and how it functions.
  5. How power moves across transmission lines, and what line losses, shrinkage, var support, ancillary services, and parallel flows are.
  6. The difference between AC and DC high voltage power lines.
  7. How the North American power industry is set up, the locations of the six North American AC power grids, and how the electric bulk transmission and distribution systems are structured
  8. What control areas and balancing authorities are, and how they "keep the lights on.".
  9. What the definition and role is of the AGC system, spinning reserve, quick start capacity and load shedding.
  10. How control areas, balancing authorities, and ISOs prepare the pre-hour operating schedule, and why ISOs and RTOs are fundamentally just large control areas.
  11. How the re-dispatch of generating units can impact the availability of power line transmission capacity.
  12. What the terms lambda and security constrained-environmental-economic dispatch mean.

Seminar Module #2  (Available Now)

  • A brief summary of the structure and function of the six North American AC power grids.
  • Who the participants are in today's electric power industry, and what their respective roles and perspectives are.
  • The differences between ISO "organized" market structures and the bilateral world of the non-ISO areas in the Southeast and West.
  • A summary of utility cost-of-service regulation, rate cases, tariffs, and why regulated utilities are not fans of conservation, demand response, DSM, roof top solar, and distributed energy resources ("DER").
  • Open (direct) access retail and wholesale competitive markets, and how we arrived at today's bifurcated marketplace.
  • State versus federal jurisdiction issues, the role of the courts, why Chicago is an island of PJM, and why "No one is in charge."
  • What ISOs, RTOs, balancing authorities, and merchant ITCs are, and how these participants function and interact.
  • A map of the current 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.
  • A brief summary of the structure and function of the six North American AC power grids.
  • Who the participants are in today's electric power industry, and what their respective roles and perspectives are.
  • The differences between ISO "organized" market structures and the bilateral world of the non-ISO areas in the Southeast and West.
  • A summary of utility cost-of-service regulation, rate cases, tariffs, and why regulated utilities are not fans of conservation, demand response, DSM, roof top solar, and distributed energy resources ("DER").
  • Open (direct) access retail and wholesale competitive markets, and how we arrived at today's bifurcated marketplace.
  • State versus federal jurisdiction issues, the role of the courts, why Chicago is an island of PJM, and why "No one is in charge."
  • What ISOs, RTOs, balancing authorities, and merchant ITCs are, and how these participants function and interact.
  • A map of the current 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 Also Learn

Seminar Module #3  (Available Now)

  1. A clear explanation of how the ISO/RTO day-ahead two-settlement energy auctions work.
  2. How an ISO functions as a non-profit semi-firm clearinghouse.
  3. Real world adjustments and generator restrictions that have turned ISO auctions into a semi-competitive/semi-administrative market.
  4. What Locational Marginal Pricing ( "LMP" or "LBMP" ) is and how it is used.
  5. The difference between Day-Ahead LMP, Hour-Ahead LMP, and Real Time LMP and how these these three markets relate to each other.
  6. What generator offer price caps and the generation "stack"are, and some of the the obligations created when generators receive capacity or resource adequacy payments.
  7. The definition of the terms operating reserve allocation, accounting true-ups, uplift/make whole payments, and Extended LMP.
  8. Virtual/Convergence Bidding, Incs/Decs, and Dart swaps.
  9. What the terms LSE, QSE, SC, and FTR/CRR/TCC mean, and why they are important.
  10. A brief overview of FTRs/CRRs/TCCs/TRs (Hint: They are the same financial product with different names.

Seminar Module #4  (Available Live March 18 and On-Demand March 25th)

  1. An overview of onshore and offshore wind energy and the challenges it faces.
  2. The differences between utility scale solar, community solar, and roof-top solar, and the pros and cons of each.
  3. What demand response, demand side management ("DSM"), and the smart grid are, and why these resources are effectively virtual generating plants that compete with physical generating assets.
  4. The challenges to the electric power grid presented by roof-top solar, mini-gas turbines, and other forms of distributed energy resources ("DER").
  5. How the regulated electric utility business model is threatened by DER, DSM, demand response, conservation, and the smart grid, and why regulated electric utilities behave the way they do. 
  6. What the California Duck Curve and FRACMOO are, and why they matter.
  7. What physical and virtual power purchase agreements (PPA's) are.

Who Should Attend this Seminar

This seminar will benefit a wide variety of organizations in the electric power, financial and energy industries. Among those who will benefit from this seminar include energy and electric power executives; attorneys; consultants, accountants & auditors, asset developers, engineers, economists, corporate planners, entrepreneurs, government regulators; rate engineers, traders & trading support staff; marketing, sales, purchasing & risk management personnel, and plant operators. Types of companies that typically attend this program include electric utilities; banks & financial houses; asset developers, renewable energy firms, ISO staff, industrial companies; consulting & law firms; accounting firms, municipal utilities; government regulators and electric generators.

 

Prerequisites and Advance Preparation

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

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.

Instructor

John Adamiak
President PGS Energy

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.

Seminar Price

$795 for the first attendee, $495 for the second attendee, and $295 for each attendee thereafter
for either the live or on-demand version of this seminar.

Payment and Cancellations

Payment is required prior to seminar attendance. Payment can be made by Visa, Master Card, or American Express. Seminar purchases will be charged to your credit card at the time of registration unless other arrangements have been made.

Live seminar registrations can be cancelled for a full refund up to 5:00 PM (U.S. Eastern Time) two (2) business days before the scheduled seminar date. For example if the live seminar is on Thursday then the cancellation would need to occur by 5:00 PM Eastern Time on the Tuesday before the seminar. No refunds will be made thereafter, but a streamed recording of the live seminar can be provided. Attendee substitutions may be made at any time. 

Due to the nature of a recorded event, no refunds can be made for on-demand recorded seminars. For more information on PGS policies regarding administrative matters and complaint resolution, please contact our offices at (440) 853-1038.

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