IN-PERSON CLASSROOM SEMINARS

• How to Value Complex Commodity Contracts
• How to Value Power Plants, Plant Upgrades and Tolling
• How to Value Transmission and Distribution Investments
• How to Value Natural Gas and Electric Storage Assets
• How to Value Strategic Petroleum Investments
• Risk Management Tools to Monetize Value
• Electricity Price Forecasting using Financial Engineering Methods

• Strategic planning in regulated and deregulated utilities.
• Regulated avoided cost and cost effectiveness calculations.
• The pros and cons of net present value (NPV), decision analysis (DA), and real options (RO) valuation techniques.
• Forward price simulation of fuel and energy markets.
• Intrinsic and extrinsic valuation principles using real options.
• Building financial pricing models including start-to-finish development of the Geometric Brownian Motion (GBM), Mean Reversion Jump Diffusion and GARCH models.
• The relationship between financial options and real options, and the three methods of valuing options,Black Scholes, binomial trees, and Monte Carlo simulation.
• How to use Black Scholes, binomial trees, and Monte Carlo simulation to value assets, assess risk and develop hedges to lock in value.
• The role of volatility, portfolio considerations, and risk management implications to asset pricing and valuation.
• Case studies: valuation of complex structured products in gas, power, and oil markets.
• Case studies: how to value physical assets using real option analysis.

Kenneth Skinner, Ph. D. -- Vice President Integral Analytics Inc.
Dr. Skinner is a Vice President for Integral Analytics Inc. (IA), an energy conservation focused analytical planning software and consulting firm. IA is fully owned by Willdan, an industry-leading energy solutions provider and sustainability consultant. Dr. Skinner supports core energy risk management and sustainability services including electric grid optimization, integrated resource planning, design and implementation of integrated demand side projects and distributed energy resources. He is part of a team specializing in energy engineering, renewable generation, electric vehicle fleets and infrastructure, program management, microgrids, financing, data analysis, software development, and other fields. Dr. Skinner has over 20 years of energy industry experience developing energy conservation and commodity supply strategies involving portfolio risk management, hedging strategies, and least-cost supply opportunities. Having worked as an energy consultant, Dr. Skinner has significant experience in economic analysis and modeling of distributed energy projects, forward energy prices, financial derivatives, and valuation of energy assets using econometric analysis, statistical methods, optimization principles, real option valuation techniques. Dr. Skinner is widely published having served as the technology columnist for Wiley Natural Gas and Electricity Journal. He is a noted speaker on energy related topics for organizations such as AESP, IAEE, ACEEE, PLMA, IEPEC, INFORMS, Infocast, EUCI, SNL Energy and PGS Energy Training.

This one-day seminar will be held at the hotel listed below or can be conducted on-site at your facilities. The seminar will start promptly at 8:00 AM and will finish at 3:30 PM. The program includes continental breakfast, lunch, and coffee breaks. Attendees also receive a professionally produced seminar manual that can serve as a valuable office reference. Dress is casual for all seminars.

COVID 19 Information: Please click here for the PGS Covid-19 policy. You can confirm each hotel's specific COVID 19 policy using the link(s) provided below.

The price for this comprehensive two-day seminar is $895 (USD).

Payment is due prior to the start of the seminar by Visa, Master Card, American Express, or corporate check. Seminar fees will be charged to your credit card at the time of registration unless other arrangements have been made. Please make checks payable to "PGS Energy Training" 26 Teal Lane • Hilton Head Island, SC 29926. Cancellations will result in a credit that is good for 2 years which can be transferred to a colleague. Substitutions may be made at any time. For more information on PGS policies regarding administrative matters and complaint resolution, please contact our offices at (843) 212-4038.

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.