Energy Risk Management 101
June 30 - July 1, 2004 - Ritz Carlton Hotel - St. Louis, MO

Click Here To Download A Complete Conference Brochure
Click Here For A Complete Listing Of Upcoming Conferences

DON'T MISS THIS EXCELLENT AND THOROUGH PRESENTATION OF THE BASIC PRINCIPLES OF HEDGING!

Course Outline:

WEDNESDAY, JUNE 30, 2004

SESSION I: BRIEF OVERVIEW OF THE MARKET

Brief history of deregulation and the development of electricity trading

SESSION II: INTRODUCTION TO FINANCIAL MARKETS

• Who are the players: exchanges versus OTC?

• Important vocabulary

• What are the tools?

• Examples of Products (Physical, OTC and Futures, Options)

• Pros and cons of each

SESSION III: INTRODUCTION TO HEDGING

• Vocabulary

• Basic Concepts

• Application of hedging tools

• Examples of hedging problems

SESSION IV: BASIS

• What is it?

• Why worry about it?

• What to do about it?

• Examples

THURSDAY, JULY 1, 2004

SESSION V: INTRODUCTION TO OPTIONS

• Basic option terminology and explanation of concepts

• Valuation of options

• Examples of caps, floors and collars

• Classroom exercise using options to build your own collar using current market prices

SESSION VI: INTRODUCTION TO SAFEGUARDS

• Mark to market and how it works

• What are margins and why are they required

• How do these tools work as safeguards to risk?

• OTC clearing

Workshop Instructor:

Ms. Deniese Palmer-Huggins, Vice President, Prudential Securities

Ms. Palmer-Huggins recently joined Prudential Securities focusing on the energy industry. Ms. Palmer-Huggins received her BA with highest honors in 1977 from the University of Texas at Austin and was elected a member of Phi Beta Kappa the same year. She began her career in 1980 at Banque Paribas Houston financing domestic and international energy trading companies. In 1983, she joined the Finance department of Transworld Oil, a large international energy trading and marketing firm. In 1985, she participated in Transworld's transition team when it purchased Arco's refining and marketing assets in Philadelphia and formed Atlantic Refining and Marketing. In 1986, she was promoted to Treasurer of Transworld (USA) Inc. In 1992, she joined Bayoil (USA) as its Treasurer and Manager of its offshore company, Bayoil SA, a crude oil marketing firm which sourced crude oil and refined products in the Black Sea, Middle East, Eastern Europe and the U.S. In 1997, she joined the New York Mercantile Exchange as Director of its newly formed Houston office representing the energy exchange in the energy capital.

Click Here To Download A Complete Conference Brochure
Click Here For A Complete Listing Of Upcoming Conferences