April 6-8, 2011 – New York, NY
Principles of Valuation in the Power Sector
Power Valuation is a comprehensive introductory program using lectures, discussion and case studies to demonstrate how to value both individual assets and whole companies in the energy sector. The program is led by Jim Bowen, a veteran practitioner with over 15 years of experience valuing hundreds of power plants and utilities.
Power Valuation – unlike generic valuation courses – focuses specifically on the energy sector. You get information and techniques that have direct application to the industry.
Over the course of three days – in lectures, discussion and case studies – Power Valuation provides the background, perspective and tools you need to value individual assets and whole companies with confidence.
You’ll leave the course knowing the essential concepts and methodologies it takes to succeed.
Topics include
| • |
Identifying the valuation methodologies specific to the U.S. power sector, including DCF, comparables, multiples and real options
|
| • |
Understanding value drivers and capital structure |
| • |
Techniques to find the data used for modeling assumptions |
| • |
Valuing single plants, T&D assets, regulated generation assets and whole companies |
| • |
Incorporating revenue drivers, including forward and spot pricing, and implied heat rates |
| • |
Assessing M&A synergies and regulatory considerations |
| • |
Understanding the role of power purchase agreements, tolling agreements, steam contracts and other financial arrangements |
| • |
Case studies, hands-on modeling and take-away templates |
Prerequisites
This program presumes familiarity with basic accounting and finance concepts. Participants will need to bring a laptop computer equipped with Microsoft Excel. |