Course description
Gas & Electric Utility Cost-of-Service and Rate Design
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 online training. This is a "must" seminar for anyone who is new to the utility industry or who is impacted by the utility rate-making process.
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Upcoming start dates
Who should attend?
Utility analysts, utility employees involved in customer service, sales, or marketing, utility commission employees, industrial customers, commercial customers, wnergy 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.
Training content
- Module 1: Overview of the Natural Gas and Electric Utility Industry
- Module 2: Gas and Electric Utility Rate Fundamentals & Theory
- Module 3: Gas and Electric Utility Rate Applications
During this course, 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.
Course delivery details
This course can be delivered as a two day CPE approved classroom seminar or as an online self-paced course (no CPE).
You can also contact PGS Energy Training about their group training options if you would like to bring this course on-site for your employees
Contact this provider
PGS Energy Training
PGS Energy Training (PGS) is a leading provider of quality seminars for the electric power and energy industries. Established in 1990, PGS offers on-site training programs, open-registration classroom seminars, live online seminars, and private education sessions for senior executives....