Gas Rate Fundamentals Course 



Chicago, Illinois

Gas Rate Fundamentals Course

This annual foundation course, updated each year as technology, regulation, markets and competition evolve, offers an intensive study of the natural gas industry and its regulation.  Taught by commissioners, academics, and recognized industry experts, this four-day course focuses on the details of ratemaking through intensive classroom work, study groups and lectures.  Dr. Karl McDermott, former commissioner with the Illinois Commerce Commission and currently the Ameren Distinguished Professor of Business and Government at the University of Illinois-Springfield, leads the program on behalf of AGA.

Course Objective
The objective of this program is to develop a more complete understanding of the gas industry and of utility regulation, particularly as it relates to rate making issues.
Participants develop a better understanding of the part they play in their organizations and gain preparation for positions of greater responsibility.  The format includes instruction from speakers with first-hand experience in:

  • Finance and Accounting
  • Legal and Regulatory Frameworks
  • Economic Theories
  • Cost of Service
  • Risk and Return on Equity
  • Innovative and Traditional Rate Design
  • Energy Efficiency and Conservation
  • Gas Supply Planning and Procurement
  • Interactive Pipeline and Distribution Case Studies

The course is conducted at the Gleacher Center, the Executive Conference Center of the University of Chicago, just off North Michigan Avenue on Chicago’s Magnificent Mile.  The Gleacher Center’s wireless-enabled classrooms are equipped with electric outlets at each desk, and the high-tech audio-visual system supports multiple media presentations and electronic note-taking.

Course Format – Electronic

  • Computer Requirements
    The course is paperless, therefore, all participants MUST bring a personal, Wi-Fi-enabled laptop computer to each day of the course.  Tablet devices that do not have a USB port, such as iPads, are not appropriate. 
  • Course Materials Delivered on Flash Drive
    External flash drives with all class presentations and work materials, speaker bios, and Chicago environs information will be distributed upon arrival.  Participants will access and utilize these electronic files on their laptop computers.
  • Wi-Fi Connectivity
    Electronic communication from the Gleacher Center is state-of-the-art.  Each morning, participants receive that day’s password for free access to the Center’s guest Wi-Fi system.  Once connected, participants are able to share course documents with other attendees, reach the Internet, and perform the communication functions expected from any internet hot spot.

Who Should Attend
This program is offered to professional employees of firms in the natural gas industry, regulators, consultants, and lawyers.

Students and faculty have a choice of nearby hotels for accommodation; however, there is no specific conference hotel and there are no AGA negotiated discounts for hotel accommodations.  Participants are responsible for making their own hotel reservations. (Click here for a list of hotels.)

Continuing Education for Attorneys and Accountants
Continuing Professional Education (CPE) credits are available for attendance at this AGA event.  The seminar is designed for utility industry professionals. No advanced preparation is required nor are there any prerequisites.  Instructional method is group-live.

  • Attorneys
    AGA will assist attorneys attending the meeting in obtaining Continuing Legal Education (CLE) credits individually; however, AGA will NOT seek CLE credit as a sponsor of this event.  Each state determines the amount of CLE credit to be awarded to this program.
  • Accountants
    In accordance with the standards of the National Registry of CPE Sponsors, CPE credits are granted based on a 50-minute hour.  Based on the preliminary agenda, 30 hours of CPE credits will be available to participants attending the Gas Rate Fundamentals Course.

All employees of AGA member companies, including Canadian and international members, pipeline members, and associate members, receive the member company discounted price of $1350.  Non-members pay the full fee of $1620.  Employees of utility regulatory commissions should contact Dr. McDermott for price discounts.

Contact Information
American Gas Association: Kyle Rogers (202) 824-7218 or
University of Illinois-Springfield: Karl McDermott at (217) 621-9991 or

 The American Gas Association is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417.  Web site:  NASBA SPONSOR NUMBER: 103032

Complaint Resolution Policy: All efforts will be made to handle any complaints by attendees expeditiously and to the satisfaction of the attendees. Complaints may be addressed to Joseph Martin, telephone (202) 824-7255, e-mail



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