The course covers utility revenue, asset management, and financial operations, including rates and regulation.
The Introduction to Utility Profitability course provides attendees with a comprehensive understanding of how utilities generate revenue, manage assets, and operate financially. This interactive session covers essential concepts in finance, accounting, regulation, and billing that every electric utility professional should know, along with the evolution of business models in the industry. The course will begin with a brief overview of the electric utility model, followed by an in-depth exploration of topics such as capital assets, O&M expenses, depreciation, rates, risk management, balancing, and trading. Throughout the program, participants will engage in discussions on key financial concepts, profitable strategies, and best practices for responding to natural disasters and emergencies. Attendees are encouraged to bring questions, discussion topics, and personal challenges to share for a more enriching experience.
The Introduction to Utility Profitability course provides attendees with a comprehensive understanding of how utilities generate revenue, manage assets, and operate financially. This interactive session covers essential concepts in finance, accounting, regulation, and billing that every electric utility professional should know, along with the evolution of business models in the industry. The course will begin with a brief overview of the electric utility model, followed by an in-depth exploration of topics such as capital assets, O&M expenses, depreciation, rates, risk management, balancing, and trading. Throughout the program, participants will engage in discussions on key financial concepts, profitable strategies, and best practices for responding to natural disasters and emergencies. Attendees are encouraged to bring questions, discussion topics, and personal challenges to share for a more enriching experience.
- Review the unique ways utilities generate revenue, manage assets, and financially operate.
- Compare and contrast the different organizational models, such as IOU, Muni, Coop, and public, while exploring the specific financial distinctions and responsibilities of each.
- Examine how to differentiate between Capital Assets and O&M Expenses, depreciation and accelerated depreciation, rates, rate cases, and rate base.
- Discuss the economic implications of vertical integration, deregulation, and decoupling.
- Review stranded assets and explore how disruptive technologies and business models are changing the traditional utility model.
- Analyze how utilities budget for and financially respond to natural disasters and other emergencies.
- Learn how to decipher an electric bill, calculate the cost, and identify areas to save money.
- Explore how financial resources are secured when a utility needs to invest in capital assets.
- Recognize why utilities are risk-averse and discover methods to mitigate risk.
⚡ Ready to Power Up Your Understanding?
Unlock the mysteries of how electricity really works — from generation to the grid, and everything in between. Whether you’re new to the energy sector or looking to sharpen your expertise, this engaging and interactive training will transform how you think about electric utilities.
Frequently Asked Question's
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WHERE IS THE TRAINING LOCATED?
Training can be virtual or in person. Virtual courses use Microsoft Teams or your preferred tool.
WHAT IS THE Cost?
We guarantee to provide the lowest cost. More affordable than other training organizations or even conducting the training in-house.
The course fee is per course, not per person, allowing unlimited attendees at no extra cost. Typical virtual one day classes are $7,000 and in person $9,000. Both the virtual or in-house classes offer electric utilities a more cost effective way of providing employees with training by eliminating the cost of employee travel. What is the lead-time required?
Virtual courses can be scheduled as soon as possible pending schedule availability. In-house classes can be conducted as quickly as 3-4 weeks after the initial contact.
How long is each course?
Each course includes 8 hours of content and can be delivered in flexible segments to suit your schedule. For example: one 8-hour session, two 4-hour sessions, etc.
Please see the sample agenda What are the start and end times?
You can set the beginning and end time to your scheduling needs. Typically most courses have an 8:00AM to 4PM duration or for the two day split course, 8:00AM to 12:00PM.
See the SAMPLE AGENDA What are the next steps in scheduling a course?
Contact me to reserve a day or ask questions.
What material is included?
Participants will receive:
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Why Choose Us
Cost
Most affordable option. Guaranteed to be lower than other training organizations or even conducting the training in-house. |
Customization
Each course is fully customized in advance with data and information tailored specifically to your utility or company. |
Quality
I have delivered this course to thousands of professionals and continuously refined it over the past 20 years. |
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