The “Business Essentials for Utility Engineers: Understanding and Influencing Financial Decision-Making” course equips engineers and technical professionals in the utility industry with critical financial and business knowledge. It provides an integrated approach to understanding the financial factors that drive utility operations, investments, and overall performance. Participants will gain the tools and language needed to contribute effectively to strategic decisions and to engage in meaningful dialogue with financial stakeholders.
This course is designed to impact business basics central to financial decision-making in the utility industry. It’s one of the crucial courses for any regulator and others to overcome financial knowledge deficiencies as it relates to decision-making best practices.
Our goal is to develop knowledge and understanding on how corporate financial management requires the ability to analyze past performance of an organization while also being able to project the future economic consequences of the firm in financial terms.
We will do this through review and discussion of methods and tactics in order to build core competencies that prepare participants to make sound decisions that lower cost, maximize shareholder value and provide efficient delivery of utilities with a minimum number of interruptions.
The objective of this course is to enable utility management professionals to focus on operations and investment and the integration of financial principles into those areas. Through presentations, lectures, review of best practices and experiential exercises in the following key areas, the fundamentals of finance will be taught along with the skills needed to analyze and manipulate financial tools:
This course is designed for the following officials: Power system analysts and engineers, Generation and transmission planners, ISO/RTO technical staff, System operation supervisors, Regulators, Distribution system planners and operators, Managers, Senior technicians and Others needing a broader understanding of the financial basis of decision-making in today’s restructured utility industry.
Participants who successfully complete the Business Essentials for Utility Engineers program will be awarded a Certificate of Completion. This certificate reflects your developed understanding of financial principles essential to effective utility management and regulation. It acknowledges your ability to communicate with finance professionals, integrate engineering and financial goals, and contribute to strategic decision-making in the power and utilities sector.
