Best Practices in Portfolio Hedging for Utilities
October 6-7, 2016 | Chicago, IL
Utility hedge design has generally focused on creation of balanced physical positions largely independent of market prices and uncertainty.
By integrating the uncertainty in market prices and their joint relationship to loads and intermittent generation, more robust and less rigid hedging strategies can be developed that yield substantially greater risk reduction while preserving value.
This is a hands-on course that will walk attendees through exercises on portfolio hedging for actual utility portfolios. The course provides practical steps and techniques to manage portfolio positions, adhere to budgets and risk limits, and optimize operations.
- Define key concepts in electricity hedging
- Identify hedging strategies for a utility in the Midwest and Northeast
- Examine case studies from PJM, MISO
- Discuss simulation analysis and risk metrics for utilities
- Discover a 360 degree view of portfolio risk with market, credit, liquidity and volumetric risk metrics
- Review forward, futures, swaps and options
- List price hedging instruments
EUCI has been accredited as an Authorized Provider by the International Association for Continuing Education and Training (IACET). In obtaining this accreditation, EUCI has demonstrated that it complies with the ANSI/IACET Standard which is recognized internationally as a standard of good practice. As a result of their Authorized Provider status, EUCI is authorized to offer IACET CEUs for its programs that qualify under the ANSI/IACET Standard.
EUCI is authorized by IACET to offer 1.0 CEUs for this course.
Upon successful completion of this event, program participants interested in receiving CPE credits will receive a certificate of completion.
Course CPE Credits: 12.0
There is no prerequisite for this Course.
Program Level: Intermediate
Delivery Methood: Group-Live
Advanced Preperation: None
EUCI 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.
Requirements for a Successful Completion of Program
Participants must sign in/out each day and be in attendance for the entirety of the course to be eligible for continuing education credit.
This program will use PowerPoint Presentations, group discussions, as well as active participation.
Thursday, October 6, 2016
8:00 – 8:30 a.m. :: Registration and Continental Breakfast
8:30 a.m. – 4:30 p.m. :: Course Timing
12:00 – 1:00 p.m. :: Group Luncheon
Friday, October 7, 2016
8:00 – 8:30 a.m. :: Continental Breakfast
8:30 a.m. – 12:30 p.m. :: Course Timing
Gary Dorris, President – Ascend Analytics
Gary Dorris, Ph.D., President, Ascend Analytics has been a thought leader in energy modeling and risk analysis for 18 years. He has led the development of over a dozen resource plans and pioneered new techniques for risk based resource planning and portfolio selection. Dr. Dorris has developed new techniques in risk management that integrate uncertainty around both the physical and financial aspects of a utilities portfolio. His analytic innovations have extended toward the development of over a dozen software applications used by over 50 energy companies. In 2001, Dr. Dorris won distinguished recognition from the IPE for contributions to the field of energy risk management.
Carlos Blanco, Ph.D. Managing Director, Analytic Solutions, Ascend Analytics
Carlos is a financial risk management expert with over 20 years of diverse experience in the field. He has worked with some of the largest energy and commodity firms worldwide providing educational, advisory services and software solutions.
As Managing Director of Analytic Solutions, Carlos provides expertise to Ascend’s clients in the areas of analytic modeling, forecasting, optimization and simulation and also contributes to advance the software product and services to meet the evolving client needs. His role also involves communicating the business value of Ascend’s analytic solutions for energy risk management, planning and modeling developing articles, white papers and presentations.
He is the former co-founder and managing director of Black Swan Risk Advisors, a firm offering risk management advisory and educational services. As a consultant, his experience includes advising risk groups and senior management teams in oil, gas, power and mining firms on various enterprise risk management issues. He also worked as VP Risk Solutions at Financial Engineering Associates, Inc (a MSCI/BARRA Company) leading the market risk suite of products as well as the firm’s product support and professional services group. He was an active contributor in the growth and expansion of the firm from 1997 until its successful sale to BARRA in 2003.
A frequent conference speaker and writer, he has coauthored over 200 articles for Energy Risk, Commodities Now, Energy Metro Desk and others.
Carlos holds a PhD in finance from Universidad Complutense, Madrid and a Masters in International Economics and Investments from the University of Nebraska, Lincoln. He has also taught finance courses at the University of California, Berkeley, and the ABN AMRO Academy.
Springhill Suites Chicago Downtown/River North
410 N Dearborn St
Chicago, IL 60654
To reserve your room, please call 1-312-644-4071
Please indicate that you are with the EUCI group to receive the group rate.
The room rate is $229.00 single or double
ROOM BLOCK DATES:
A room block has been reserved for the nights of October 5 – 6, 2016.
RATE AVAILABLE UNTIL:
Make your reservations prior to August 5, 2016. There are a limited number of rooms available at the conference rate. Please make your reservations early.