EUCI

About the Instructors:

Charles Breeden, II, Managing Consultant, PA Consulting

Charles Breeden, II, is a Managing Consultant in PA Consulting’s Energy Capital Markets Practice. He specializes in the development of practical risk management systems and valuation tools for the energy industry. Mr. Breeden is one of the original developers of PA's proprietary Trading Collateral Analysis model, which allows companies to understand and optimize its potential future collateral requirements and has been deployed at several client companies. He is also one of the original developers of PA's Business Portfolio Optimization (BPO) model, which helps client companies identify methods of extracting more value from its current natural gas and electricity assets and opportunities to enhance the composition of the portfolio from a longer-term perspective. Most recently, he evaluated the trading and risk management operations of a midstream oil and gas company as part of a Chapter 11 bankruptcy. Prior to affiliating with PA, Mr. Breeden was an associate in the Energy Investment Banking group at JP Morgan and completed the Mid-Corporate Bank’s Credit-Training Program. He has an MBA from New York University with concentrations in quantitative finance and accounting, an MA from American University and a BA from Vanderbilt University.

Douglas Dwyer, Managing Director, Moody's Analytics

Douglas Dwyer , Managing Director, heads the MKMV Single Obligor Research Group in Moody's Analytics. This group focuses on measuring the credit-risk for corporations and financial institutions worldwide. The group's models are used by banks, asset managers, insurance companies, accounting firms and corporations to measure risk for a wide variety of purposes. The group utilizes different methodologies to measure the risk of different types of firms depending on the information available. Recent research includes deriving a physical default probability from CDS spreads, updating the LGD model and extending coverage of RiskCalc models to include private firms in emerging markets such as China and Russia. Prior to working at Moody's Analytics, Dr. Dwyer was a Principal at William M. Mercer, Inc., in their Human Capital Strategy practice. Dr. Dwyer earned a Ph.D. in Economics at Columbia University and a B.A. in Economics from Oberlin College. He has published articles in peer-reviewed academic journals.

Kenyon Willhoit, Principal Consultant, PA Consulting

Kenyon Willhoit is a Principal Consultant in PA Consulting’s Energy Capital Markets Practice. He joined PA in 2004 and has nearly six years of continued professional experience focused on accounting and financial related work. Mr. Willhoit’s consulting project work has included several major energy financings and bankruptcy turnaround restructurings. He has participated in the restructurings of two of the top bankruptcy filings, based on total assets, in US history. His areas of focus include financial due diligence, financial analysis, accounting forensics, and valuation. Clients he has worked with include merchant power companies, regulated utilities, hedge funds, private equity investors, and accounting/audit professionals. Mr. Willhoit holds a Bachelor of Science in Business Administration with an emphasis in both Finance and Accounting from the University of Colorado Leeds School of Business, a Master of Business Administration from the Indiana University Kelley School of Business, and a Master of Science in Finance from the Indiana University Kelley School of Business.