SNL's 5th Annual Analyst Training in the Power and Gas Sector provides a comprehensive introduction to the sector through lectures, discussion and case studies led by an accomplished faculty of practitioners, consultants and industry professionals.

Topics include:

• The power value chain: generation, transmission and distribution
• The natural gas value chain: transportation, storage and distribution
• Assessing the earnings quality of power and natural gas companies
• Analyzing the financial statements of companies in the sector
• Valuation techniques and analytical tools
• Strategies and tactics by which power and natural gas companies access and manage capital
• Macroeconomic trends affecting earnings and returns in the power and natural gas industries
• The impact of federal and state regulatory forces

What participants gain:

• Insight into the key measures of profitability and financial strength of companies in the power and natural gas industries
• An overview of asset and enterprise-level valuation techniques
• A grasp of the effects of regulation and rate cases on a company's financial outlook
• An understanding of capital-raising instruments and the advantages, drawbacks and impact of capital management strategies under a variety of market scenarios
• Perspectives and commentary from leading industry experts on the economic outlook for individual companies and the sector as a whole

This program presumes familiarity with basic accounting and finance concepts. This program does not include hands-on Excel modeling. Prior to the program, participants will receive materials for the program's case study as well as suggested reading for those new to the sector.