PGS is pleased to announce its new winter/spring seminar
schedule for Houston and Philadelphia. (See seminar list below). 
       
For more information, call 412-279-9298 or visit 
http://www.pgsenergy.com/schedule.html

Please forward this information to anyone who might benefit from
a better understanding of energy derivatives, risk management,
gas-to-electricity arbitrage, statistics or electric power trading. 

Available seminars include:             
   1) Fundamentals of Energy Futures, Options & Derivatives
   2) Fundamentals of the Electric Power Industry
   3) Gas-to-Electricity Arbitrage & How to Maximize the
       Profitability of Electric Generation Assets
   4) Developing Effective Risk Management Policies
       & Procedures (John Wengler)
   5) Fundamentals of Statistical Analysis (Dr. Ken Skinner)
   6) How to Value Electric Generation Assets as Real Options 
   7) Fundamentals of Value-at-Risk (Soli Forouzan)
        
Save money by bringing a group of 4 or more. With a group
rate, your cost for our $1,295 seminars is reduced to $895 per
attendee-- a savings of $1,600 from our regular prices. The 
group price for the $695 programs is $495.

Thank you.
       
John Adamiak
PGS Energy Training