Financial Outreach

 

Financial Outreach

Objective: AGA's Finance Committee works with all segments of the financial community for the purpose of keeping them informed about the status of the natural gas industry, and keeping them interested in the investment opportunities in the industry.

Who Should Participate: Chief financial officers, treasurers, and investor relations executives.

What Participants Can Expect: Lots of opportunity for interaction with all segments of the financial community security analysts, portfolio managers, commercial and investment bankers. Regular regional meetings are held which include luncheons with local financial communities; New York meetings are held, as is an annual financial conference.

In addition, AGA is the administrator of the AGA Stock Index, which is used exclusively by the Hennessy Gas Utility Fund (ticker symbol: GASFX)* as an investment strategy.

How to Participate/Obtain More Information: ggardner@aga.org or lfonnoll@aga.org

** The Hennessy Gas Utility Fund, developed in 1989, is a mutual fund investing exclusively in the natural gas distribution industry. The Fund invests solely in companies included in the AGA Stock Index, which is a market-capitalization weighted index consisting of all publicly traded member companies of the AGA. The AGA is the administrator of the AGA Stock Index.
 

Financial Forum

This event provides a forum for publicly traded AGA member companies to interact with key financial analysts, institutional investors, and bankers, with over 350 representatives of the financial community participating. The forum provides an opportunity to educate the financial community about the value and strategies of leading companies. View information on future financial forums, as well as other AGA financial outreach events.

Objective: The AGA Financial Forum provides a unique opportunity for energy industry executives, securities analysts, portfolio managers and rating-agencies and commercial and investment bankers to meet for two days to evaluate the outlook for the energy industry and individual companies.

Who Should Participate: Energy industry participants are primarily chief executive officers, chief financial officers, treasurers and investor relations executives of natural gas distribution, transmission, diversified, marketing/gathering and combination gas/electric companies. Financial community representatives include sell-side securities analysts, buy-side analysts and portfolio managers, fixed-income analysts, and rating agency analysts, commercial and investment bankers.

What Participants Can Expect: General session topics address broad, industry-wide issues, while technical workshops provide in-depth treatment of specific topics. The structured program of visitation tables, formal presentations and organized company dinners provides substantial time for assessment of individual company opportunities. Continuing Education Credits are available.

How to Participate/Obtain More Information: ggardner@aga.org or lfonnoll@aga.org

 

Accounting Advocacy

Objective: AGA's accounting committees work with the Financial Accounting Standards Board (FASB), the Securities and Exchange Commission (SEC), the Internal Revenue Service (IRS), and the Federal Energy Regulatory Committee (FERC) to ensure that new accounting standards or information requests are sound and not overly burdensome.

Who Should Participate: Chief accounting officers and senior accounting executives.

What Participants Can Expect: Opportunities to interact with key members of accounting rule-setting bodies, as well as the opportunity to develop utility industry positions to present before these groups.

The FASB Liaison meeting is one of only 30 industry liaison meetings the FASB holds each year.

How to Participate/Obtain More Information: jmartin@aga.org

 

Accounting Course: Introduction to Public Utility Accounting

Objective: This course concentrates on the fundamentals of public utility accounting and provides basic knowledge and understanding of the elements of the utility business from which to build comprehensive, professional expertise. This course is co-sponsored with the Edison Electric Institute.

Who Should Participate: The course is directed toward recently hired accountants and others whose career paths are toward professional and supervisory positions in the accounting, auditing and financial areas. The course can be of high value to non-accounting personnel as well.

What Participants Can Expect: This is an intensive course concentrating on the fundamentals of public utility accounting. The individual elements of the course are taught by expert utility instructors and leaders in the field of utility accounting issues. Participants are assumed to have at least an elementary knowledge of accounting theory and practice. Continuing Education Credits available.

How to Participate/Obtain More Information: dallen@aga.org

 

Accounting Course: Advanced Public Utility Accounting

Objective: To provide utility accounting supervisors with exposure to current accounting and management issues. This course is co-sponsored with the Edison Electric Institute.

Who Should Participate: Executives, managers, analysts and experienced staff accountants who have knowledge of the complex accounting issues and the ratemaking process.

What Participants Can Expect: This is an intensive course concentrating on the complex accounting issues facing utilities. The individual elements of the course are taught by expert utility instructors and leaders in the field of utility accounting issues. Continuing Education Credits are available.

How to Participate/Obtain More Information: dallen@aga.org

 

Accounting Leadership Conference and Chief Audit Executives Conference

Objective: Help participants perform their jobs more effectively.

Who Should Participate: Chief accounting officers, chief internal auditors and their staff.

What Participants Can Expect: A conference with speakers from the accounting rule-setting bodies (SEC, FASB, FERC), and from the Big 4 accounting firms discussing new trends in accounting. Also, speakers from outside the industry provide perspective on the industry. There is a separate track for those who work in internal audit. Participants can also expect an excellent opportunity to network with their peers and develop relationships and earn CPE of up to 17 hours.

How to Participate/Obtain More Information: jmartin@aga.org

Scheduled Accounting Meetings and Courses

 

The prospectus for the Hennessy Gas Utility Fund can be found here.  

Mutual fund investing involves risk. Loss of principal is possible. A non-diversified fund, one that may concentrate its assets in fewer holdings than a diversified fund, is more exposed to individual stock volatility than a diversified fund. Investments are focused in the natural gas distribution and transmission industry, which may be adversely affected by rising interest rates, weather, and the wholesale pricing of alternative fuels. Investments in foreign securities may involve greater volatility and political, economic and currency risk and differences in accounting methods.

The Hennessy Funds are distributed by Quasar Distributors, LLC.

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