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Energy Risk Management for Energy Users How to Deal with Rising Energy...



Skyrocketing oil and gas prices and changes in the Illinois utility market give energy users headaches. To provide relief, the Professional Risk Managers International Association (PRMIA) will host a free forum giving energy users tools and techniques to manage energy and weather risk. The forum will feature Baxter Healthcare, a major energy user, Constellation NewEnergy, a major energy provider, and the Chicago Mercantile Exchange (CME), the world'ss largest and most diverse financial exchange.



The presentation will take place on Thursday, 24 August 2006 at 5:00 PM at the CME Auditorium, 20 S. Wacker Drive, Chicago, IL 60606.



The speakers include:



Doug Bushing, Energy Manager, Baxter Healthcare, who will explain how a company develops a risk management strategy under Illinois's8217;s new utility regulatory structure.



John Harangody, Director of Commodity Products, CME, who will explain energy futures contracts, how they are traded, and how they are used in conjunction with CME weather contracts, including a central clearing model to offset counterparty risk.



Phil O'sConnor, Ph.D., Vice President, Constellation NewEnergy, who will talk about the recent changes with the Illinois customer rate and relief law, and how this new regulatory structure for energy has changed the energy industry in Illinois and has increased the need for risk management strategies, which can include trading energy and weather futures contracts.



The event will be moderated by PRMIA's8217;s James Clarke, former Chief Risk Officer of NiSource and Andrew S. Hyman, the author of Energy Risk Management: A Primer for Utilities (Vienna, Virginia: Public Utilities Reports, 2006).



Event details:

Date: 24 August 2006

Time: 5:00 PM to 7:30 PM.

Place: CME Auditorium, 20 S. Wacker Drive, Chicago, IL 60606

RSVP: Attendees can RSVP at the PRMIA website, once they become a PRMIA member, for free at http://www.prmia.org/events/view_events.phpeventID=2412. Or they can RSVP

by emailing Andrew Hyman at chicagoprmia@yahoo.com or calling him at 773 856 0160. RSVP no later than 12:00 P.M. on Monday, 21 August 2006.



PRMIA is the Professional Risk Managers's8217; International Association. Formed in January of 2002, PRMIA is the premier meeting place of the risk profession with more than 60 chapters around the world and over 30,000 members from more than 165 countries. A non-profit, member-led association of professionals, PRMIA is dedicated to advancing the standards of the profession worldwide through the free exchange of ideas. PRMIA offers the only globally endorsed Professional Risk Manager (PRM) certification program, pursued by over 1,500 active candidates in more than 80 countries, more than any other risk certification program. More information can be found at www.PRMIA.org.






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