Course Description
Learn “how it all fits together.” This in-depth, ambitious and fast-paced program provides a comprehensive and clear explanation of the structure, function, and current status of today's U. S. electric power industry and the many industry topics listed below, but it also adds material to address the fundamentals of power marketing and how competitive physical, financial and heat rate power transactions are designed and executed at the wholesale and end-user retail levels--both within and outside of an ISO footprint. The basics of heat rates, spark spreads, tolling deals, generation optionality, and heat-rate-linked power transactions are also addressed.
Before addressing power marketing and transactions, this fast-paced seminar provides a comprehensive and clear explanation of the structure, function, and current status of today's U. S. electric power industry; who the industry players are, and why it is so difficult to develop new projects and get things done; the fundamentals of ISO day-ahead auctions, LMP, FTRs, CRRs, LSEs, SCs, QSEs and forward capacity markets; the basics of utility cost-of-service ratemaking, competitive customer choice retail markets, heat rates, electricity storage, solar, wind, distributed energy resources (“DER”), demand response and demand side management (“DSM”); and the reliability and economic “Duck Curve” type of issues raised by the integration of renewable energy, DER, and electricity storage resources into the existing power grid.
Each part of this complex industry will be explained piece-by-piece, and then the pieces will be integrated so that attendees will leave with an understanding of “how it all fits together.”
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.
This training is eligible for 14.5 CPE credits. Be aware that state boards of accountancy have final authority on the acceptance of individual courses for CPE credit. As of January 1, 2002, sponsored learning activities are measured by program length, with one 50-minute period equal to one CPE credit. One-half CPE credit increments (equal to 25 minutes) are permitted after the first credit has been earned in a given learning activity. You may want to verify that the state board from which your participants will be receiving credit accept one-half credits.