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Agenda
Agenda
Agenda 2023
CDT TIME
09:00 – 09:10
Chair’s opening remarks
Glenn Labhart has more than 25 years of experience in the design and implementation of
risk management processes and policies and has been a leader in helping the industry define today’s risk environment and plan for the uncertainties of the future.
He is the first energy-industry chief risk officer to receive the Financial Risk Manager of the Year Award from the Global Association of Risk Professionals (“GARP”). Glenn now serves as the Chairman of the Energy Risk Diploma program for GARP.
In March 2004 Glenn Labhart formed Labhart Risk Advisors Inc., providing expertise in risk management that provides a diverse approach for clients requiring expertise in energy, complex modeling and independent valuation.
Glenn is a frequent lecturer and speaker utilizing his subject matter expertise on a variety of legal matters from his direct experience to provide of industry practices to the Commodity Futures Trading Commission, Securities and Exchange Commission and Federal Energy Regulatory Commission, business clients and Dynegy.
From August 1997 to March 2004, Glenn was senior vice president and chief risk officer for Dynegy Inc. During the period at Dynegy, Glenn led the independent valuation of due diligence for all mergers and acquisitions that included European, Australian, Latin American and US based transactions; serving as a Board member for subsidiary companies from Dynegy acquisitions.
Glenn’ s career is supported by a BBA from Abilene Christian University, and the Rice University Executive Management Program, Professional memberships include the United State Energy Economics Association, the International Energy Economics Association, and serves on the Advisory Council for the Master of Energy Business program/University of Tulsa.
09:10 – 09:40
Message from the markets: oil market insights on energy post-Covid-19 pandemic
Presentation
Key takeaways:
- When did the crisis brought about by the Covid-19 pandemic “end”?
- How to tell if oil markets are more concerned with the war in Ukraine or recession
- Where will oil prices be next year?
Ehud I. Ronn is a professor of Finance at the McCombs School of Business, University of Texas at Austin. He received his Ph.D. from Stanford University in 1983.
In addition to teaching at the University of California, Berkeley, Dr. Ronn has held visiting appointments at academic institutions in the U. S., Europe and the Far East. He has published articles on investments, interest rate instruments and energy derivatives in the academic and practitioner literature.
From 1991 to 1993, Dr. Ronn served as Vice President, Trading Research Group at Merrill Lynch & Co. Dr. Ronn was the founding director of the University of Texas Center for Energy Finance from 1997 to 2009. From Jan. 2010 to Feb. 2011, Prof. Ronn was Commodity Market Modeling practice area manager at Morgan Stanley & Co.
In Nov. 2004, Dr. Ronn was selected by Energy Risk to the “Energy Risk Hall of Fame.”
09:40 – 10:20
Price volatility: impact and outlook
Panel discussion
- Understanding and predicting the primary drivers of price volatility
- Calculating and managing unpredictable margin requirements
- The impact on market liquidity: how to manage the challenge of thin volumes
- Different methodologies available and their applications
Michael Rosenberg is a Manager at Active Power Investments LLC where he is in charge of developing and implementing trading strategies in energy markets. Prior to his current position he was a Director of Structuring and Pricing at PacifiCorp where he was responsible for structuring physical and financial products and pricing deals for different commodities and assets. Before that Michael was a Manager, Quantitative Analysis, at PG&E where he was responsible for risk modeling, asset valuation, and risk systems with focus on power market redesign and its impact on risk and pricing. Previously Michael was a Manager, Market Assessment, at ISO New England where his major responsibilities included analysis of market competitiveness, efficiency, and performance. Prior to that Michael served in a variety of positions in TXU Energy Trading with focus on option valuation, commodity and credit risk management for Trading and Retail affiliates. Before joining TXU he served in oil and gas exploration function at ExxonMobil. Michael holds Ph.D. in Physics from The University of Texas at Austin and Graduate Finance Certificate from the Cox Business School, SMU. He published in industrial and academic journals and is a frequent presenter at industry conferences and training events.
Ehud I. Ronn is a professor of Finance at the McCombs School of Business, University of Texas at Austin. He received his Ph.D. from Stanford University in 1983.
In addition to teaching at the University of California, Berkeley, Dr. Ronn has held visiting appointments at academic institutions in the U. S., Europe and the Far East. He has published articles on investments, interest rate instruments and energy derivatives in the academic and practitioner literature.
From 1991 to 1993, Dr. Ronn served as Vice President, Trading Research Group at Merrill Lynch & Co. Dr. Ronn was the founding director of the University of Texas Center for Energy Finance from 1997 to 2009. From Jan. 2010 to Feb. 2011, Prof. Ronn was Commodity Market Modeling practice area manager at Morgan Stanley & Co.
In Nov. 2004, Dr. Ronn was selected by Energy Risk to the “Energy Risk Hall of Fame.”
Nodal Exchange is a commodities exchange providing participants the ability to trade and central counterparty clear hub, zone and nodal power futures and options contracts in North America achieving over $35 Billion in notional value open interest and 45% market share in monthly futures open interest. The company also offers natural gas, environmental and trucking freight contracts. Nodal Clear, a wholly owned subsidiary of Nodal Exchange, is registered as a derivatives clearing organization and acts as the central counterparty clearing house for Nodal Exchange contracts. Nodal Exchange became part of the EEX Group in May 2017. Mr. Cusenza led Nodal Exchange to its commencement of trading in April of 2009 and the market has seen great growth since its launch.
Mr. Cusenza has over thirty years of experience in building and managing businesses. He was co-Founder and co-President of 23andMe, a personal genetics company which Time Magazine identified as “The Best Invention of the Year” and which has now achieved “unicorn” status. He was also the Senior Vice President of Marketing and Alliance Management at Perlegen Sciences. He was part of the Senior Management Team of Capital One Financial during a period of great growth in the 1990s. Prior to Capital One Financial, he was a Vice President and Partner at Mercer Management Consulting (now Oliver Wyman) for nearly a decade focusing on financial services. He also worked for IBM early in his career. Mr. Cusenza holds a Masters of Business Administration degree from the Harvard Business School and a B.S.E. in Mechanical Engineering from the University of Michigan.
10:20 – 11:00
Energy Risk USA round-table discussions
Join our speakers and your peers in the audience at the interactive Energy Risk USA roundtable discussions
- The impact on market liquidity: managing thin volumes
- Quantifying the reputational risk of climate change
Delegates will share challenges and experiences, and compose action points to take back to their teams.
11:00 – 11:40
Networking break
11:40 – 12:15
Carbon trading, renewables and alternative energy sources
- The challenges of measuring and disclosing carbon emissions
- The outlook for the US’s mandatory cap-and-trade systems
- The growing role of voluntary carbon markets
- How to attract investment in clean technology and green fuels, such as renewable natural gas and hydrogen
- The speed of the transition: what's needed and what’s possible?
Matt Hyman is head of business development for ION Commodities. He is responsible for driving new revenue streams through community partnerships, market expansion, and product innovation. Prior to this role, Matt developed and launched ION's multi-brand product positioning strategy following the acquisitions of Aspect (2017), Openlink (2018), and Allegro (2019).
Matt has 10 years of experience in financial technology, beginning his career in fixed income e-trading solutions before spending 3 years leading implementations of ION's TriplePoint solution at merchant trading firms, utilities, producers, and refiners around the world.
Matt holds a B.A. in Economics from New York University.
12:15 – 13:00
Managing risks and developing opportunities around renewables and alternative energy sources
Panel discussion
- The growth outlook for renewables generation
- The future of power-purchase agreements and managing merchant risk
- Risk modelling techniques
- Hedging renewable generation: the latest products and techniques
Brock Mosovsky has more than twelve years of experience developing, validating, and maintaining analytical models, with an emphasis on energy risk management, market analysis, and renewable energy valuation. He has worked with some of the country’s largest utilities and independent power producers to help forecast value and mitigate risk for their diverse portfolios of physical and financial assets. Brock holds a Ph.D. in Applied Mathematics from the University of Colorado, Boulder and received a U.S. Fulbright Scholarship for study in the Netherlands.
Kevin Kindall is a Senior Data Scientist at Hartree Partners. Prior to joining Hartree, he held front and middle office positions at ConocoPhillips, Enron, and EDF Trading. He has a Ph.D. in Physics from Clemson University, and a Masters in Computational Finance from Carnegie Mellon University, and serves on the Alumni Relations Board for the Tepper School of Business.
Jared Johnson is responsible for leading Engie’s wholesale origination and power structuring team in the U.S. Based in Houston, the team specializes in renewable power and environmental commodity transactions to support Engie’s Retail power and renewable development businesses. Before joining Engie, Jared worked in a variety of risk management, origination, and new business development roles with Swiss Re, Southern Company, and ACES Power Marketing. Jared received his bachelors degree from Indiana University and an MBA from the University of Notre Dame.
13:00 – 14:15
Lunch networking break
14:15 – 15:15
The potential role of ChatGPT and other artificial intelligence (AI) in energy risk management
Panel discussion
- Use cases and limitations of ChatGPT in assessing and mitigating energy risks
- How predictive analytics can be integrated with AI systems to make secure investments and acquisitions
- The role of AI to model and forecast energy trends for better decision-making and regulatory compliance
- Leveraging AI to find cost efficiencies when managing various risks in energy trading (market volatility, geopolitical tensions, operational failures and cyber threats)
Partha S Chatterjee is a digital transformation and technology strategy leader with almost 30 years of experience in the United States. He is the Data and Analytics SME for Shell Energy at Trading and Supply IT. Previously, he was head of market-facing strategy for Product Management at ION (OpenLink) and Managing Director at Capco Energy Solutions. Partha has held technology leadership positions at Schlumberger, Kinder Morgan, Accenture and Sapient among others.
His expertise encompasses energy and trading risk management (ETRM) systems, risk management and trading analytics, regulatory compliance, and governance. He compliments that with deep technical knowledge in enterprise architecture, digital transformation, data and analytics, AI and mathematical modeling, blockchain and emerging technologies. As a global expert on trading and risk management, Partha has worked on think tanks and summits, advising governments, regulatory boards and financial institutions. Partha brings strategic vision and leadership capabilities in driving solutions and roadmaps as a technology executive.
Partha holds a Bachelor of Technology (Honors) with first class in computer science and engineering from the Indian Institute of Technology (IIT) (Kharagpur) in India. He came to the United States for graduate studies on a NASA-funded scholarship to work on Computer Vision at the Intelligent Systems Laboratory. He has a master’s degree in computer science from the University of South Carolina and an MBA from Texas A&M University, specializing in finance and MIS.
Partha lives in Houston and enjoys sports and music with his wife, Arpita and children, Ishaan and Trisha.
Linkedin: https://www.linkedin.com/in/parthaschatterjee/
Jose Noyes has almost twenty years of experience in energy risk trading management. Currently, Jose holds the position of IT Architect Director of ETRM Systems at ENGIE Energy Marketing NA, Inc., an energy trading and marketing subsidiary of ENGIE, a French multinational electric utility company which operates in the fields of electricity generation and distribution, natural gas, nuclear and renewable energy. In this role, Jose is responsible for the implementation and maintenance of ETRM solutions for operations associated with front office trading, risk management, back office, data integration and data analytics. He works with senior level business partners to evaluate requirements, design system interfaces, manage data and calculations, develop system test and integration plans, execute test procedures, and support end-users. Additionally, Jose leverages his in-depth technology expertise to support the business, provide project management services, mentor software developers and supply hands-on technical input. Previously, he was the Product Manager of Aligne TRM at FIS (successor to SunGard and Caminus). He graduated Phi Beta Kappa from Columbia University with a bachelors of art degree in economics and mathematics.
Jay is an experienced natural gas trader. Formerly, he was Vice President of energy trading at JPMorgan Bank and prior to that at NRG Energy. He has broad experience in managing a complex portfolio of energy derivatives, physical gas products, interest rate and foreign currency swaps. He was part of the team at JPMorgan to win the ``Natural Gas House Of The Year Award`` by Risk Magazine for 2 years in a row. For several years, Jay traded gas on multiple U.S. pipelines, managed storage, and optimized transport leading to significant profit generation. He founded 'NatGasHub.com' as a unique proposition to apply technology to the process of natural gas logistics. Jay has an MBA from Cornell University, is a Chartered Financial Analyst (CFA), lives in Houston, and is passionate about solving the energy problems faced by us today.
15:15 – 15:55
Energy Risk USA round-table discussions
Join our speakers and your peers in the audience at the interactive Energy Risk USA roundtable discussions
- Building an analytics platform: data sourcing and leveraging advanced analytics
- AI, ChatGPT and natural language processing: real-world applications and risks
Delegates will share challenges and experiences, and compose ‘action points’ to take back to their teams
15:55 – 16:30
Networking break
16:30 – 17:00
Navigating hidden risks in renewable energy investments: “A Just Transition Perspective"
- Understand the concept of just transition and its importance in the transition to a low-carbon economy
- Explore potential environmental and social risks associated with investing in renewable energy projects, including community displacement and exploitation of labor and natural resources
- Identify key indicators and metrics of a just transition – such as fair wages, union recognition and community engagement – as a way to mitigate hidden risks in renewable energy investments
- Discuss ways for investors to integrate just transition considerations into investment decisions, due diligence and ongoing monitoring of renewable energy projects
Sonia Clayton is an American entrepreneur and philanthropist.
She is the the President & CEO of Virtual Intelligence Providers, LLC. (VIP-Global), a Houston — TX-based, Technology Innovation firm specializing in IT/IS/HR Solutions, ERP Systems (SAP & Oracle), Next Generation Technology Implementations, End User Training, Application Development, Staff Augmentation, Project Management, BPE, BPR, RPA-OCM, Organizational Change Management, Change Communications, Learning Ecosystems, Technical Documentation, and Translation & Localization services.
Sonia is a USA/international university Lecturer and an Energy Transition keynote speaker. She is also an active member of the Texas Judicial Council - Office of Court Administration, appointed by the State of Texas governor.
As VIP-Global’s President & CEO, Sonia pioneered some of the first ERP systems implementations in the Oil & Gas (Energy) sector. Her background includes 28 years of experience in IT/IS platforms, Open/User Innovation, Hybrid Training Programs, and Experiential e-Learning. She has visited and conducted business in over 70 countries and has held multiple leadership positions in global deployments.
Sonia has received over 30 awards of excellence and is a known contributor to the USA's dynamic innovation economy.
She is the founder and chairman of 4 Non-Profit organizations benefiting Cancer Patients, Higher Education, Military Personnel, and professionals in the Energy Transition.
Her professional career started with Air France in 1991, as a French, Spanish and Portuguese Interpreter for the European routes. In 1993, she joined Continental Airlines as a Corporate Security Investigator and was promoted to inflight recruiting, International Negotiations, and Airport HR/IS operations. As a former OCM transformational manager with Continental Airlines, Sonia was a key contributor to their Latin American expansion into Colombia, Peru, Venezuela, Brazil, and Chile. She also helped develop interline agreements for Argentina and several European countries.
In 2022, she was named “Woman Who Mean Business” in Energy, by the Houston Business Journal. In 2019, Sonia was named one of USA’s Most influential Latina Executives, in Washington DC., and was also named one of Houston’s Most Influential Women in Business. She is an alumna of the SLEI program @ Stanford Graduate School of Business. Sonia is also a member emeritus of the faculty advisory board of Brigham Young University (BYU) Marriott School of Business and is the first chairwoman of the Latina Alliance organization. Sonia Clayton is an American entrepreneur and philanthropist. She is the the President & CEO of Virtual Intelligence Providers, LLC. (VIP-Global), a Houston — TX-based, Technology Innovation firm specializing in IT/IS/HR Solutions, ERP Systems (SAP & Oracle), Next Generation Technology Implementations, End User Training, Application Development, Staff Augmentation, Project Management, BPE, BPR, RPA-OCM, Organizational Change Management, Change Communications, Learning Ecosystems, Technical Documentation, and Translation & Localization services. Sonia is a USA/international university Lecturer and an Energy Transition keynote speaker. She is also an active member of the Texas Judicial Council - Office of Court Administration, appointed by the State of Texas governor. As VIP-Global’s President & CEO, Sonia pioneered some of the first ERP systems implementations in the Oil & Gas (Energy) sector. Her background includes 28 years of experience in IT/IS platforms, Open/User Innovation, Hybrid Training Programs, and Experiential e-Learning. She has visited and conducted business in over 70 countries and has held multiple leadership positions in global deployments. Sonia has received over 30 awards of excellence and is a known contributor to the USA's dynamic innovation economy. She is the founder and chairman of 4 Non-Profit organizations benefiting Cancer Patients, Higher Education, Military Personnel, and professionals in the Energy Transition. Her professional career started with Air France in 1991, as a French, Spanish and Portuguese Interpreter for the European routes. In 1993, she joined Continental Airlines as a Corporate Security Investigator and was promoted to inflight recruiting, International Negotiations, and Airport HR/IS operations. As a former OCM transformational manager with Continental Airlines, Sonia was a key contributor to their Latin American expansion into Colombia, Peru, Venezuela, Brazil, and Chile. She also helped develop interline agreements for Argentina and several European countries. In 2022, she was named “Woman Who Mean Business” in Energy, by the Houston Business Journal. In 2019, Sonia was named one of USA’s Most influential Latina Executives, in Washington DC., and was also named one of Houston’s Most Influential Women in Business. She is an alumna of the SLEI program @ Stanford Graduate School of Business. Sonia is also a member emeritus of the faculty advisory board of Brigham Young University (BYU) Marriott School of Business and is the first chairwoman of the Latina Alliance organization.
17:00 – 17:20
Chair’s summary and close of Energy Risk USA 2023
Glenn Labhart has more than 25 years of experience in the design and implementation of
risk management processes and policies and has been a leader in helping the industry define today’s risk environment and plan for the uncertainties of the future.
He is the first energy-industry chief risk officer to receive the Financial Risk Manager of the Year Award from the Global Association of Risk Professionals (“GARP”). Glenn now serves as the Chairman of the Energy Risk Diploma program for GARP.
In March 2004 Glenn Labhart formed Labhart Risk Advisors Inc., providing expertise in risk management that provides a diverse approach for clients requiring expertise in energy, complex modeling and independent valuation.
Glenn is a frequent lecturer and speaker utilizing his subject matter expertise on a variety of legal matters from his direct experience to provide of industry practices to the Commodity Futures Trading Commission, Securities and Exchange Commission and Federal Energy Regulatory Commission, business clients and Dynegy.
From August 1997 to March 2004, Glenn was senior vice president and chief risk officer for Dynegy Inc. During the period at Dynegy, Glenn led the independent valuation of due diligence for all mergers and acquisitions that included European, Australian, Latin American and US based transactions; serving as a Board member for subsidiary companies from Dynegy acquisitions.
Glenn’ s career is supported by a BBA from Abilene Christian University, and the Rice University Executive Management Program, Professional memberships include the United State Energy Economics Association, the International Energy Economics Association, and serves on the Advisory Council for the Master of Energy Business program/University of Tulsa.
17:20 – 19:30