Course of Study


2015 AGA Basic Rates School

July 27-30, 2015
Gleacher Center, University of Chicago
Chicago, Illinois


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.  Web site: 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


For additional information please contact Karl McDermott at 217-621-9991 or send an email to

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)


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