Utility Capital Budgeting and Planning

Utility Capital Budgeting and Planning

July 18-19, 2022 | Online :: Central Time

“This course is perfect for anyone involved in capital project analysis and business case development.” – Supervisor- T&D Financial Analysis & Planning, El Paso Electric

“A comprehensive course that included utilities fundamentals & regulatory process, corporate finance, business case development, and project management & controls. I enjoyed it.” – Senior Finance Project Manager, Southern California Edison

The EUCI Utility Capital Budgeting and Planning course will provide an in-depth explanation of the utility’s regulatory environment regarding revenue and capital projects. This training will focus on how capital fits into the big picture for different types of utilities, and how capital impacts utilities’ bottom line. The course will also cover project processes implementation, business case development for capital projects, and how to develop cost estimates. Cost of service, rate design and regulatory accounting will be covered briefly to provide context around capital budgeting and planning. Attending this course will strengthen attendees’ ability to plan and budget for their projects and improve their approvals outcomes. Lastly, this new course will close with best practices and how to monitor implemented and in-progress capital projects.

Gain the knowledge and competencies needed for capital investment budgeting, project business case development, and investment decision considerations. This course is designed for project managers, project controls, and finance professionals working on capital projects, with a focus on the energy & utility industry.

Learning Outcomes

Knowledge

  • Navigate utilities ratemaking process and discuss the downstream impact of capital investments
  • Review the utility business model, revenue requirement, rate of return, and rate base
  • Review the capital budgeting overall process along with its main considerations and applications
  • Identify the elements of cost of capital and learn methods to calculate it
  • Discuss the theory of capitalization versus expense and its implications

Skills & Competencies

  • Advance capital projects business case development capabilities and master main components and strategic considerations
  • Improve project cost estimating skills and learn key forecasting techniques
  • Review project risk analysis and how to incorporate it into project budgets and execution plans
  • Identify methods to monitor implemented and in progress capital projects
  • Enhance overall corporate finance knowledge, skills, and competencies

Agenda

Monday, July 18, 2022 : Central Time

8:45 – 9:00 a.m.
Log In and Welcome

12:00 – 12:30 p.m.
Lunch Break

9:00 a.m. – 4:00 p.m.
Course Timing

Short breaks will be taken throughout the sessions

Ratemaking Process Overview

  • Why are utilities regulated
  • Governing Agencies
  • General Rate Case (GRC)
  • Cost of Capital Application
  • Procurement-related Applications

Utility Revenue Model

  • Regulated Vs. Unregulated
  • Rate Base
  • Rate of Return (Capital Structure and Cost of Capital)
  • Revenue Requirement
  • Balancing Accounts
  • Regulatory Accounting (FERC Accounts)

Capital Budgeting

  • Overview
  • Long Term Capital Planning
  • Cost of Capital
  • Capital Budgeting Process
  • Financial Governance
  • Evaluating Risks of Capital Projects
  • Post Completion Auditing
  • Best Practices

Capital Projects Business Case Development

  • Types of Capital Investments
  • Strategic Alignment
  • Screening Criteria
  • Feasibility Assessment
  • Business Case Summary
  • Project Background
  • Strategic Rationale
  • Risk Assessment
  • Scope & Constraints
  • Key Stakeholders
  • Alternative Investment Analysis
  • Objectives, Outcomes, and KPIs
  • Project Lifecycle Costs
  • Financial Outlook
  • Key Assumptions

 

Tuesday, July 19, 2022 : Central Time

8:50 – 9:00 a.m.
Log In and Welcome

9:00 a.m. – 12:00 p.m.
Course Timing

Short breaks will be taken throughout the sessions

Capital Projects Cost Estimating

  • Capital Vs. Expense
  • Forecasting Costs of Capital Project
  • Cost by Work Activity (Install, Remove)
  • Cost by phase (Design, Permitting, Construction)
  • Cost by Spending Category (Labor, Materials, Others)
  • Project Controls
  • Capital Write offs

Monitor Implemented and In-Progress Capital Projects

  • Spend
  • Schedule
  • Performance
  • ROI/ROC
  • Customer Satisfaction

Instructor

Hatem Kateb, Senior Finance Project Manager, Southern California Edison (SCE)

Hatem Kateb is a finance professional with 14 years of experience in corporate finance and business operations. He currently provides financial leadership to a $2B portfolio of capital investments and operational activities at Southern California Edison; one of the world’s largest investor-owned utilities. Prior to SCE, he held several finance leadership roles at leading organizations including Vodafone, Johnson & Johnson, and Port Logistics. Hatem’s academic credentials include an MBA from Pepperdine University, Operations Management Certification from the Wharton School of Business, and a BS in Accounting & Finance from Cairo University.

Online Delivery

We will be using Microsoft Teams to facilitate your participation in the upcoming event. You do not need to have an existing Teams account in order to participate in the broadcast – the course will play in your browser and you will have the option of using a microphone to speak with the room and ask questions, or type any questions in via the chat window and our on-site representative will relay your question to the instructor.

  • IMPORTANT NOTE: After November 30 you will not be able to join a Teams meeting using Internet Explorer 11. Microsoft recommends downloading and installing the Teams app if possible. You may also use the Edge browser or Chrome.
  • You will receive a meeting invitation will include a link to join the meeting.
  • Separate meeting invitations will be sent for the morning and afternoon sessions of the course.
    • You will need to join the appropriate meeting at the appropriate time.
  • If you are using a microphone, please ensure that it is muted until such time as you need to ask a question.
  • The remote meeting connection will be open approximately 30 minutes before the start of the course. We encourage you to connect as early as possible in case you experience any unforeseen problems.

Register

Please Note: This event is being conducted entirely online. All attendees will connect and attend from their computer, one connection per purchase. For details please see our FAQ

If you are unable to attend at the scheduled date and time, we make recordings available to all registrants for three business days after the event

REGISTER NOW FOR THIS EVENT:

Utility Capital Budgeting and Planning

July 18-19, 2022 | Online
Individual attendee(s) - $ 1295.00 each

Volume pricing also available

Individual attendee tickets can be mixed with ticket packs for complete flexibility

Pack of 5 attendees - $ 5,180.00 (20% discount)
Pack of 10 attendees - $ 9,065.00 (30% discount)
Pack of 20 attendees - $ 15,540.00 (40% discount)

Your registration may be transferred to a member of your organization up to 24 hours in advance of the event. Cancellations must be received on or before June 17, 2022 in order to be refunded and will be subject to a US $195.00 processing fee per registrant. No refunds will be made after this date. Cancellations received after this date will create a credit of the tuition (less processing fee) good toward any other EUCI event. This credit will be good for six months from the cancellation date. In the event of non-attendance, all registration fees will be forfeited. In case of conference cancellation, EUCIs liability is limited to refund of the event registration fee only. For more information regarding administrative policies, such as complaints and refunds, please contact our offices at 303-770-8800

CEUs

Credits

AP_Logo

EUCI is accredited by the International Accreditors for Continuing Education and Training (IACET) and offers IACET CEUs for its learning events that comply with the ANSI/IACET Continuing Education and Training Standard. IACET is recognized internationally as a standard development organization and accrediting body that promotes quality of continuing education and training.

EUCI is authorized by IACET to offer 0.9 CEUs for this event.

Requirements for Successful Completion of Program   

Participants must log in each day and be in attendance for the entirety of the course to be eligible for continuing education credit.   

Instructional Methods   

PowerPoint presentations and open discussion   


Upon successful completion of this event, program participants interested in receiving CPE credits will receive a certificate of completion.

Course CPE Credits: 10.5
There is no prerequisite for this Course.
Program field of study: Specialized Knowledge
Program Level: Basic
Delivery Method: Group Internet Based
Advanced Preparation: None

CpeEUCI is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: www.nasbaregistry.org

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