AGA Rates School 2017
2017 AGA Rates School: An Introduction to Natural Gas Ratemaking
July 24-27, 2017
Gleacher Center, University of Chicago
The American Gas Association offers this four-day program of intensive study of the natural gas industry and its regulation. Taught by recognized experts in the field, this program focuses on the details of rate-making through classroom work, study groups, and lectures. This program is sponsored by the Center for Business and Regulation in the College of Business and Management at the University of Illinois Springfield. The course is held at the University of Chicago’s Gleacher Center.
As in past years, the Rates School is all electronic. All participants should bring a laptop or other device for reading electronic documents. The Center will make the material available electronically to all attendees.
Conference Location: Gleacher Center, University of Chicago
The training is held at the University of Chicago’s Gleacher Center located at 450 North City Front Plaza Drive just north of the Chicago River and east of North Michigan Avenue on Chicago’s Magnificent Mile. (Directions) The dress code is business casual. Dining: Walking distance: Restaurants on North Michigan Avenue and Near North Cab: Chicago’s restaurant row.
Attendees are responsible for their own accommodations and must make their own reservations. There is no preferred hotel for this conference and we do not have conference rates at any hotel. There are many name brand business hotels within walking distance to the Gleacher Center. Here is a list of hotels within one mile of the Gleacher Center.
Course of Study
Regulation touches nearly every aspect of the natural gas industry. This course will consider the policy and practice of state and federal regulation of the industry and the legal foundation upon which the regulatory process is based.
Finance and Accounting
Regulation depends crucially on accounting and finance to determine reasonable profits and rates. This course will provide the student with a basic understanding of the key principles utilized to determine a utility’s total revenue requirement, including the assessment of business risk and the determination of a utility’s rate of return on equity
Economic theory provides the basic foundation for the utility ratemaking process. This course covers the basic concepts and the applications of those concepts to utility ratemaking.
Gas Supply Planning and Procurement
The planning and acquisition of gas supplies by a local distribution utility continues to play a key role in serving the requirements of both its sales and transportation service customers. This session will cover the fundamentals of gas supply planning and procurement, including planning objectives, demand forecasting, resource portfolio concepts, hedging techniques, and capacity resource optimization.
Innovative Costing and Ratemaking
The natural gas distribution industry is facing a fundamental change in the consumption pattern of consumers. Revenue stability, proper pricing signals, service unbundling alternatives, and the costing/ratemaking methods used by natural gas utilities will be explored in depth.
Energy Efficiency and Conservation
With the dramatic increase in natural gas prices in the past decade regulators, consumers, and utilities are exploring ways to promote efficient consumption choices. This section of the course will explore ways to efficiently promote conservation efforts that align the interests of consumers and natural gas utilities.
Interactive Case Studies
The rate case is the primary venue in which a utility can adjust its revenues and rates. Through the use of interactive case studies and team problem-solving activities, this course will present the key issues, the positions of parties, the nature of the evidentiary content, practical ratemaking solutions, and the regulatory process commonly observed in the rate cases of local distribution utilities and gas pipeline companies. Two separate case studies will be presented with students having the opportunity to select the case study that best complements their current work responsibilities.
Continuing Professional Education (CPE)
CPE credits are available for attendance at this AGA event. The seminar is designed for utility industry professionals. No advanced preparation is required nor are there any prerequisites. In accordance with the standards of the National Registry of CPE Sponsors, CPE credits are granted based on a 50-minute hour. Based on the preliminary agenda, 30 hours of CPE credits will be available to participants attending the event. The objectives of this program are to provide advanced knowledge and understanding of public utility regulation, ratemaking, and accounting. Specific subjects covered include: federal and state regulation of natural gas utilities; utility finance and accounting practices; the legal framework within which the natural gas utilities operate; natural gas utility and natural gas pipeline rate design; cost of service issues; and risk and return on equity considerations.
The American Gas Association 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 addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Website: www.nasba.org. NASBA SPONSOR NUMBER: 103032
Complaint Resolution Policy: All efforts will be made to handle any complaints by attendees expeditiously and to the satisfaction of the attendees. Complaints may be addressed to Joseph Martin, telephone (202) 824-7255, e-mail email@example.com
AGA Members: $1,350 per attendee
Non-AGA Members: $1,620 per attendee
Registration Fees include
- Course Materials
- Daily continental breakfast and lunch
- Welcome Reception
|July 3, 2017||Cancellation deadline with a full refund. ($100 processing fee for cancellations after this date.)|
|July 17, 2017||Deadline for payments by mail or fax.
No cancellations accepted after this date.*
Course material sent to registered participants.
|July 21, 2017||Online registration closes at 5PM CT.|
|July 24, 2017||Course begins|
*Substitutes are allowed at any time by contacting CBR at firstname.lastname@example.org. If the program is not held for any reason, CBR’s liability is limited to a refund of the program fee.
Attendees registered (coming soon)
Course evaluations will be available during the course.
For additional information please contact Karl McDermott at 217-621-9991 or send an email to email@example.com
Center for Business and Regulation
College of Business and Management
University of Illinois Springfield
One University Plaza MS UHB 4000
Springfield, IL 62703-5407 USA
217.206.7909 (p) 217.206.7543 (f)