Past event: Today's U.S. Electric Power Industry, ISO Markets, Power Transactions and Renewable Energy Resources

This seminar is the electric power industry's most in-depth and comprehensive two-day training program - A Two-Day Classroom Seminar (CPE Approved)

If you have difficulty understanding the U.S. electric power industry and how power deals are done, you are not alone.

This in-depth program provides a comprehensive and clear explanation of the structure, function, and current status of today's U.S. electric power industry; the many industry topics listed below; and how PPAs and other power transactions are done.

Each part of this complex industry will be explained piece-by-piece, and then the pieces will be integrated so that you will leave the seminar with an understanding of "how it all fits together."

What You Will Learn

  • The structure and function of the electric service system, its terminology and units, and the properties of electricity.
  • How the North American power grid is structured and how it operates; how the major sources of electric generation work ( coal, natural gas, nuclear, renewables ) and the issues they face; how control areas, spinning reserves, AGC and economic dispatch works.
  • Who the key players in the industry are, and why the industry is so difficult to restructure.
  • The differences between cost-of-service regulation, open access markets, ISOs, transcos, ITCs, RTOs, and ICTs.
  • What the "smart grid" is, a summary of the different business models being tested, a discussion of the key issues and and how the smart grid is likely to develop.
  • The major issues facing wind energy, solar and other renewables and how these generation sources relate to the proposed buildout of the backbone power grid.
  • How ISO Day-Ahead auction markets operate, or will operate, in PJM, New York, Texas, California and other markets; what locational marginal pricing (LMP) is, and why it is important; how LMP is applied in the ISO markets, and why FTRs, TCCs, CRRs, TLRs, RPM and forward capacity markets are important concepts to understand. (The seminars presented at the Houston and California locations will discuss the Texas and California/Western Power markets respectively. Philadelphia, New York and Washington D.C. seminars will focus on PJM, MISO and the New York ISO.)
  • The structure and characteristics of the bilateral spot and forward wholesale power markets.
  • The terminology, concepts and mechanics of bulk power trading, and the difference between physical, scheduled and contract path power flows.
  • Why open access retail electricity markets may finally now develop.
  • The basics of executing a wholesale power transaction - including common contract language and what NERC tags are.
  • What "sellers choice is", and how forward "daisy chains" form at virtual trading hubs.
  • How to financially trade physical power with financial bookouts.
  • An overview of the three different types of forward electricity markets: physical, over-the-counter financial and NYMEX futures.
  • The basics of the NYMEX electricity futures contract, and how it can be used to hedge electricity price risk
  • An introduction to electricity swaps and Cfds and how these relate to ISO financial transmission rights.
  • The definition of heat rates, spark spreads, dark spreads and heat-rate-linked power transactions.

Who Should Attend this Seminar

Among those who will benefit from this seminar include energy and electric power executives; attorneys; government regulators; traders & trading support staff; marketing, sales, purchasing & risk management personnel; accountants & auditors; plant operators; engineers; and corporate planners.

Types of companies that typically attend this program include energy producers and marketers; utilities; banks & financial houses; industrial companies; accounting, consulting & law 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.

Program Level & Delivery Method
Basic level. This fundamental course begins with basic material and then proceeds to the intermediate level. Delivery method is "Group-Live."

Your Instructor

John Adamiak
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.

Please fill in your name and email to receive the Seminar Agenda of this event.

Venue

The Cornell Club
6 E. 44th St. , 10017
New York, NY, USA

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The seminar will start promptly at 8:00 AM and will finish at 4:30 PM on the first day. On the second day, the seminar will resume at 8:00 AM and will finish at 3:00 PM. The program includes continental breakfast, lunch, and coffee breaks on the first day. On the second day a continental breakfast, snack and coffee breaks are included. Attendees also receive a professionally produced seminar manual that can serve as a valuable office reference. Dress is casual for all seminars.
Event details
Organizer : PGS
Event type : Training Course
Reference : ASDE-23503