Online Courses

Gas and Electric Utility Rate Fundamentals & Theory

1/2 day on-demand seminar with Live Q&A
Available Now. (96 hour access)

How this online course works

Understanding utility rates and their relationship to utility profits doesn’t have to be confusing.

Master the basics of ratemaking and learn the financial and accounting differences between regulated and unregulated businesses with this comprehensive course. An essential for anyone new to the utility industry, this seminar is also a great refresher for seasoned utility professionals. We will compare differences between investor owned utilities, municipal utilities, coops and unregulated energy marketers.

 

What You Will Learn

  1. Plain English explanations of numerous gas & electric regulatory terms and concepts, and how the federal and state rate-making process works.
  2. How gas & electric rate-making practices vary between investor owned utilities, municipal utilities, coops, and how these rate practices impact unregulated energy marketers.
  3. The jargon used in the regulatory process, so that you can understand each step of a rate case.
  4. Why utilities file rate cases and the types of analyses they conduct to support their proposals.
  5. The difference between cost of service and market-based pricing, and how these rates are applied.
  6. How various federal and state rate case procedures work, and how they differ.
  7. What the different cost components of the base rate case are, and how they are determined.
  8. The financial drivers for regulated utilities and how they differ from unregulated businesses
  9. How to improve utility profitability through the rate-making process.
  10. How different types of pricing structures are designed within rate proceedings
  11. The differences between various rate case procedures
  12. The financial drivers for regulated utilities and how they differ from those of unregulated businesses

Seminar Agenda

  • Discuss the major regulatory changes that created the energy marketplace of today.
  • Review the fundamental concepts of gas & electric rates and rate-making in detail.
  • Explain how rate base and rate of return are determined.
  • Discuss how items are categorized as operating expenses or capital expenses.
  • Explain the federal and state rate case processes involved for both base rate increases and fuel adjustments.
  • Discuss the various rationales used to request changes in gas & electric rates.
  • Review the current problems encountered when implementing today's open-access markets and customer choice programs.
  • Examine the important issues that create friction between utilities and energy marketers from both perspectives.

Who Should Attend

This training program will benefit a wide variety of organizations in the electric power, natural gas, financial and energy industries. Professionals from banks, energy producers, electric & gas utilities, energy marketers, industrial companies, electric generators, and municipals will gain valuable insights, as will natural gas, oil and electric power executives, traders, marketers, (sales, purchasing & risk management professionals), accountants, economists, trading support staff, auditors, attorneys, government regulators, rate specialists, plant operators, engineers and corporate planners.

Prerequisites and Advance Preparation

Persons new to the energy industry should first take Introduction to the Natural Gas and Electric Utility Industry.

Why Choose PGS?

PGS training programs are known for their clear explanations and in-depth content. Register today, and join the over 10,000 industry professionals who trust PGS with their energy training needs.

Instructor

Jim Crist
President of Lumen Group, Inc

Jim Crist is President of Lumen Group, Inc. headquartered in the suburbs of Pittsburgh. He has over 27 years experience in the energy industry covering coal, gas, oil, propane, and electricity. Jim has conducted many strategic studies of the industry and prepared market and business assessments for several large energy companies. Before founding Lumen Group in 1996, Jim spent 20 years working for major energy companies in engineering, technology development, rate and regulatory policy development and marketing. He served as marketing vice president in both regulated and deregulated entities.  His consulting practice provides strategic planning, marketing and business development, and rate and regulatory consulting, along with serving as an expert witness in regulatory proceedings in several jurisdictions.

On-Demand Access Time

The on-demand training presentation is available for a total of 96 hours from the time the training program is first viewed. After 96 hours, your access to the online presentation will expire. However the PDF training program slides and other materials you receive are yours to keep.

Program Pricing

 1/2 day on-demand seminar with Live Q&A - Available August 17th. (96 hour access)

$295 for the first attendee, $245 for the second attendee, and $195 for each attendee thereafter

Special pricing is available for groups of 10 or more. Please email or call (440) 853-1038.

Payment and Cancellations

Payment is required prior to training program access. Payment can be made by Visa, Master Card, American Express, or corporate check. Your credit card will be charged at the time of registration unless other arrangements have been made.

Cancellations for online training programs can be made before the program access instructions are sent by PGS, and cancellations will result in a credit. For more information on PGS policies regarding administrative matters and complaint resolution, please contact our offices at (440) 853-1038.
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