Understanding gas & electric utility rates
and their relationship to utility profits doesn't have to be confusing.
Master the fundamentals of energy rate-making and learn the financial and accounting differences between regulated and unregulated businesses with this comprehensive course. This is a "must" seminar for anyone who is new to the utility industry or who is impacted by the utility rate-making process.
What You Will Learn
- Plain English explanations of numerous gas & electric regulatory terms and concepts, and how the federal and state rate-making process works.
- How gas & electric rate-making practices vary between investor owned utilities, municipal utilities, coops, and how these rate practices impact unregulated energy marketers.
- The jargon used in the regulatory process, so that you can understand each step of a rate case.
- Why utilities file rate cases and the types of analyses they conduct to support their proposals.
- The difference between cost of service and market-based pricing, and how these rates are applied.
- How various federal and state rate case procedures work, and how they differ.
- What the different cost components of the base rate case are, and how they are determined.
- The financial drivers for regulated utilities and how they differ from unregulated businesses
- How to improve utility profitability through the rate-making process.
- How different types of pricing structures are designed within rate proceedings
You Will Also Learn
- The specifics of various natural gas and electric rate structures; how to read a tariff; and how to analyze a gas & electric bill.
- What rate structures benefit customers and suppliers, and when.
- How rate structures are designed and applied in deregulated environments.
- How to calculate comparisons between regulated and deregulated supply procurement.
Who Should Attend this Seminar
Utility analysts, utility employees involved in legal, accounting, regulatory, engineering, operations, customer service, sales, or marketing, Utility commission employees, industrial customers, commercial customers, Energy producers, utilities, electric generators, and marketers; energy and electric power executives; traders; marketing, sales, purchasing & risk management personnel; accountants; trading support staff; auditors; attorneys; government regulators; plant operators; engineers and corporate planners.Prerequisites and Advance Preparation
This fundamental level group live seminar has no prerequisites. No advance preparation is required before the seminar.Program Level
Basic level. This fundamental course begins with basic material and then proceeds to the intermediate level.Delivery Method
Each Class is Limited to First 20 Registrants
Your InstructorJim Crist
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.
Please fill in your name and email to receive the Seminar Agenda of this event.
VenueEngineers' Society of Western Pennsylvania
337 Fourth Avenue, 15222
Pittsburgh, PA, USA
Because of the diversity of hotels found in the area, we will not be holding a block of sleeping rooms with one particular hotel.
The seminar will start promptly at 8:00 AM
and will finish at 4:00 PM
on the first day. On the second day, the seminar will resume at 8:00 AM
and will finish at 12:00 PM
(noon). The program includes continental breakfast, lunch, for day one and a continental breakfast and coffee break for day two. Attendees also receive a professionally produced seminar manual that can serve as a valuable office reference. Dress is casual for all seminars