August 7-8, 2012 • New York, NY

Analyst Training  provides a comprehensive introduction to analysis in the power and gas sectors through a curriculum of lectures and discussions led by an accomplished faculty of practitioners, consultants and industry professionals.

In addition to learning the unique analysis inputs the sectors require, you'll also participate in a hands-on case study that familiarizes you with multiple approaches to the analysis and valuation of a publicly-traded power company. In this team exercise, you'll apply concepts and techniques discussed in the seminar, but you'll move beyond academic methodologies to use real-world data to analyze a functioning company.

Bottom line: You'll come away with practical knowledge you can use immediately.

What you'll gain:

• Insight into the key measures of profitability and financial strength of companies in the power and natural gas industries

• Asset and enterprise-level valuation techniques

• An understanding of the effects of regulation and rate cases on a company's financial outlook

• Knowledge of capital-raising instruments and the impact of capital management strategies under various market scenarios

• Executive perspectives on the economic outlook for individual companies and the sector as a whole

Key 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

Prerequisites:

• Some familiarity with basic accounting and finance concepts

• Pre-class reading material, which will be provided prior to the program

• A calculator (or equivalent phone app) for use during the seminar

Note: Hands-on Excel modeling is not included in the program agenda.