Transcript Energy Finance Practicum

McCombs School of Business
Energy Related Concentrations
Energy
 Enormous, Global Problem
 Almost 2B people don’t have electricity
 800M people India don’t have refrigerators
 70% of US population lives in cities
 China = 180 Chicagos
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Peak oil
Global Warming
Environmental Standards
Carbon Tax
 Smoking section?
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Investment in New Supplies Needed
Cumulative Investment in Energy-Supply
Infrastructure, 2008-2030 = $25.6 trillion (in $2008)
Exploration &
development
79%
Refining
Other
17%
4%
Electricity
53%
Oil 23%
$5.9 trillion
52%
Power
generation
48%
Transmission
& distribution
86%
Mining
14%
Shipping &
ports
$13.7
trillion
Biofuels 1%
$5.1 trillion
Exploration &
development
LNG chain
Transmission and
distribution
58%
Gas 20%
Coal 3%
9%
33%
$1.2 trillion investment needed per year
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Source: International Energy Agency, 2009 World Energy Outlook
University of Texas
Contribution to the
University of Texas
Energy Institute
through engagement
in multi-disciplinary
research with:
• Cockrell School of
Engineering
•Jackson School of
Geosciences
•LBJ School of Public
Policy
•Architecture School
Law School
Industry
University
of Texas
Corporate members of
EMIC with
representation from:
• Energy majors
• Clean technology
• Investment banking,
private equity and hedge
funds
• Consulting
• Major industrial users
of energy
McCombs
•Center for Energy Finance
• Supply Chain Management
Center
• Center for Customer
Insight & Marketing
Solutions
• Real Estate Finance Center
• Herb Kelleher Center for
Entrepreneurship
• Hicks, Muse, Tate & Furst
Center for Private Equity
Finance
Energy
Management
and
Innovation
Center
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McCombs Energy Paths
 Energy Finance
 CleanTech
 Finance
 Marketing
 Related Concentrations
 Corporate Social Responsibility
 Operations
 Accounting
 Double Down?
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MBA & Energy Management
MBA & Law
MBA & Energy and Earth Resources
MBA & Policy
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Curriculum Requirements
FIN 286 - Valuation (flexible-core)
MAN 385 - Energy Technology & Policy (Spring only, recommended to be taken during 1st year)
FIN 394.1 - Advanced Topics in Corporate Finance
FIN 397.1 - Investment Theory & Practice
FIN 394.2 - Financial Strategies – Energy Focus (Fall only, prereq: FIN 394.1 & FIN 397.1)
Project Management & Experience
Any one (1) course chosen from the list below:
OM 386.5 - Managing Projects (Fall only)
MAN 385 - Management Sustainability Practicum (Energy & Water focus – Spring Only)
BA 391 - Special Studies in Bus. Admin. (Must be related to clean technology and approved by Program
Office)
Public Policy & Law
Any one (1) course chosen from the list below:
LEB 380.31 - Energy Law
LAW 379M - Wind Energy
PA 188G - Climate Change Law & Policy
CRP 383 - Environmental Law & Policy
LEB 380.3 - Law of Comm Real Estate Fin & Develop
LEB 380.26 - Law for Entrepreneurs
Total credit hours: 20
Other Recommended Electives:
FIN 394.4 - Financial Management of Small Business
RE 386.2 - Real Estate Investment Decisions
MAN 385.64 - Enterprise of Technology: Mind to Market
EMR 396 - Energy and Earth Resource Economics
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Curriculum Requirements
FIN 286 - Valuation (flexible-core)
FIN 394.1 - Advanced Topics in Corporate Finance
FIN 397.1 - Investment Theory & Practice
Finance Block
The following two finance courses should be taken during the 2nd year fall
semester:
FIN 394.2 - Financial Strategies - Energy Finance
FIN 397.4 - Financial Risk Management - Energy Finance
Accounting Block
Choose one of the following accounting courses:
ACC 380K.8 - Topics in Accounting/Tax for Mineral Industries
ACC 380D - Advanced Topics in Financial Reporting
ACC 380K.7 - Financial Statement Analysis
Other Recommended Electives
LEB 380.32 - Energy Law
FIN 394.15 - Energy Finance Practicum
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Special Courses
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Energy Practicum
Sustainability Practicum
Financial Strategies – Energy Focus
Financial Risk Management – Energy Focus
Decision Modeling
Marketing and the Environment
Oil and Gas Law / Policy
Oil and Gas Accounting
Global Energy Transactions
Green Energy Law
Energy Technology and Policy
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Opportunities
 Companies
 Deloitte, Walmart, ConocoPhillips, Mariner,
Buckeye Partners
 Exxon, JP Morgan, BoA / Merrill, Morgan Stanley,
XTO, PWC, El Paso, Chevron
 Organizations
 Pecan Street Project, EDF, Austin Energy, LCRA
 IC2 and ATI
 Plus Projects
 Fayetteville
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Opportunities
 Smart Grid Primer
 Mitchell Foundation : Best Practices for
Shale Gas
 Haynesville screening
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ANGA
Economics of Green Development
Smart Grid Conference
Energy Forum
Spring EMIC Conference
Competitions
 Energy Finance Challenge
 Renewable Energy Challenge
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The Next Wave
 Shale Gas
 C02 reduction
 Energy independence
 Fracking?
 Electricity Storage
 Load shaping
 Electric Cars
 Carbon Capture and Sequestration
 Artificial Photosynthesis
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Web Pages
 http://www.mccombs.utexas.edu/students/ctg/
 http://www.mccombs.utexas.edu/students/EFG/
 http://www.mccombs.utexas.edu/students/netim
pact-grad/
 http://blogs.mccombs.utexas.edu/energy/
 http://www.youtube.com/watch?v=GszEWuz53dk
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EMIC
Our mission is to empower
leaders to more effectively
manage energy demand and
resources while enabling
innovative technologies
grounded in sound business
principles.
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Honest Debate
The Center is committed to
rigorous objectivity, while fully
considering the technical,
economic, cultural and geopolitical
implications of the various energy
pathways.
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Brief overview of the area of
concentration
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Your teaching methods (case,
lecture, practicum, etc.)
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Opportunities for students to
connect to industry leaders (in or out of
your classroom)
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Current business
developments/research in this field
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Impact on career changers
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