Basic Concepts of Energy Regulation

• What regulation is and why it exists in the natural gas and electric industries
• The types of energy companies that are subject to regulation and why it applies to them
• Which entities regulate the natural gas and electric industries, how they develop regulation, and the key goals they pursue
• What regulation does and why it is important to different market participants
• The historical background of natural gas and electric regulation

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• What is regulation?
• Why industries are regulated
• Energy companies that are regulated and why it's important to regulate them
  • Natural monopolies (LDCs, UDCs, vertically-integrated electric utilities, ISOs/RTOs)
  • Essential facilities (transmission lines, gas pipelines, gas storage facilities, LNG terminals
  • Competitive market participants (merchant generators, wholesale traders, financial services providers, retail marketers)
• Who are the regulators and who do they regulate?
  • Federal
  • State
  • Local
• What does regulation do?
• Impacts of regulation on energy companies
• Impacts of regulation on consumers
• Impacts of regulation on politicians
• A brief history of regulation in the U.S.
• The movement to deregulation in the U.S.
• The regulatory compact (federal and state)
• Six goals of regulators
  • Safe and reliable energy
  • Just and reasonable pricing
  • Economic efficiency
  • Consumer protection
  • Public goods programs
  • Fair return to shareholders
• How regulation is determined
• The regulatory process
• The realities of regulation

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This Enerdynamics online training product has been uniquely designed to offer the best value in the business. With your purchase, you will receive:

• A 45-day single user subscription (15 days for short courses) to the course: view the course material as many times and in any order you like during the subscription period.
• E-mail access to Enerdynamics: feel free to ask any questions relevant to the course material.
• Professional audio and animated content developed by experienced education professionals: this is not a page turner!
• Online exercises and interactions: designed to cement your understanding.
• Reference materials: a list of acronyms and a glossary that you can view online with your course.
• Expert instruction: this course was developed by professionals with decades of energy experience in the industry.
• Full-color presentations: our seminars are carefully designed for maximum impact and interest.
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