| Day |
 |
Time |
|
|
Topic |
|
| 1 |
|
8:00 AM - 8:30 AM |
|
|
Welcome /Course Overview
|
|
| 1 |
|
8:30 AM - 12:00 PM |
|
|
STAGE 1: SUMMER ONE
SETTING UP YOUR SIMULATED GAS COMPANY
- Industry Business
Issues
- Basic Financial
Terms
- Importance
of Operations and Maintenance Expense
- Budgeting
and Cash Flow Forecasts
- Gas Supply,
Gas Storage, and Trading Gas
- Expansion
Opportunities
- Depreciation
Expense
- General Taxes
- Bank Loans
and Financing Options
- Income Statements
and Balance Sheets
STAGE 2: WINTER ONE
- Gas Supply
Contracts
- Revenues
- Gross Margin
- Retained Earnings
Calculations
- Ratio Analysis:
Return on Revenue/Capitalization/Return on Equity/Earnings per
Share/Dividends
- Customer Choice/Deregulation
Issues/Customer Migration
- Cost Reduction
Programs
- Marketing
Programs
|
|
| 1 |
|
12:00 PM - 1:00 PM |
|
|
LUNCH BREAK
|
|
| 1 |
|
1:00 PM - 4:30 AM |
|
|
STAGE
3: SUMMER TWO
- Update Income
Statements and Balance Sheet
- Rate Case:
The Allowed Rate of Return
- Rate Calculation
and Rate Debate Issues
- The Re-regulated
Gas Industry
- Value Added
Services
- Developing
a Business Plan
- Cash Flow
Forecast
STAGE 4: WINTER TWO
- Setting Share
Prices
- Service Levels
- Gas storage
and distribution
-Continuity of supply
-Customer service
- Operational
Excellence
- Customer Service
Issues
- New Ventures
|
|
| 1 |
|
4:30 PM - 5:00 PM |
|
|
SUMMARY/ADJOURN
|
|
| 2 |
|
8:00 AM - 12:00 PM |
|
|
STAGE
5: SUMMER THREE
- Update Income
Statement and Balance Sheet
- Selling to
Deregulated Customers
- Gas Marketing
Strategies
- Free Market
Pricing vs. Rate Base
- New Business
Plan
- Cash Flow
Forecast
- Competing
for New Customers
- Bid for Gas
Supplies at Auction
- Calculating
Cost Per Customer
STAGE 6: WINTER THREE
- Review Key
Learning Points
- Managing Purchase
Contracts and Storage Facilities
- Review/update
Balance Sheet
- Setting Share
Prices
- Investor Choices
- Unbundled vs. Traditional Utilities
- Bid Price
Calculation
- Bid for Gas
Supplies at Auction
STAGE 7: REVIEW
- Was my simulated
gas company a financial success?
- What effect
do various jobs/processes have on Balance Sheet?
- Determine
how you can add more value to the business
- Recognize
the changing dynamics of the industry
- Understand
corporate emphasis on reduced costs and streamlined operations
- Recognize
why innovative thinking is critical for survival and success
|
|
| 2 |
|
12:00 PM - 12:30 PM |
|
|
SUMMARY/ADJOURN
|
|
