IN-PERSON CLASSROOM SEMINARS

• How ERCOT marketplace is structured and why it is unique.
• Who are the different types of players and their different roles.
• Who the key wholesale and retail stakeholders and market participants are, and how their activities shape ERCOT's operations.
• How ERCOT handles power transactions at the wholesale level.
• What the role of Market Clearing Prices are and how they are determined.
• What "Merit-Order" and "Out-of-Merit" mean and why these distinctions are important.
• The important Market and Commercial Operations functions.
• The ERCOT scheduling process and how it works.
• The different types of ERCOT Ancillary Capacity and Energy market services.

• The key wholesale market Settlement activities.
• ERCOT's Zonal and Local Congestion Management procedures.
• What the "Shadow Price" is, and why it is important.
• Wholesale Balancing and the importance of the QSEs' role.
• How ERCOT's retail market works and what's going on in this market.
• The retail market information system tools (SET, MarkeTrak and the TML) and their functions.
• Highlights of the move from a "Zonal" to a "Nodal" Market Design.
• What will and won't change after the move to a Nodal Market Design.
• What Generation, Transmission and infrastructure issues ERCOT faces now and over the next ten years.

This live group seminar is eligible for 6.5 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.