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If you find it hard to understand today's electric power industry, you are not alone. It's difficult to imagine a more complex and politically charged business environment.

This proven seminar will quickly bring you up-to-speed on the fundamentals of this key industry. Receive 2.5 hours of concentrated insights from John Adamiak, who has been teaching this course for over 7 years.

You Will Learn:

• How the North American power industry is structured, and how the electric distribution system works.
• Who the industry participants are, and what the terms IOU, ISO, RTO, tight power pools, LMP, LSEs, NERC, PJM, ERCOT, MISO, TSP, SMD and FTR mean.
• Why electricity is so complicated at both the physical and political levels, what today's key issues are, and where the industry is headed.
• Definitions of voltage, current, power, vars, Mega-watts, Mega-watt-hours and other key terms and concepts.
• How power moves across transmission lines, and what line losses, shrinkage, var support, and parallel flows are.
• The different types of electrical generating units and what the terms lambda and economic dispatch mean.
• What control areas, spinning reserve, quick start capacity, TLRs and load shedding procedures are, and how the industry "keeps the lights on".
• How control areas manage AC frequency, schedule interchange, and manage Area Control Error (ACE).
• The basics of how bilateral and central poolco auction power markets work and the pros and cons of each approach.
• What ATC is, how it's calculated, and why it's important.
• How the re-dispatch of generating units can impact the amount of available transmission capacity.
• The types of transmission capacity and what OASIS is.