Final DLS of Spring 2013 to Feature
“Streetwise Professor” and Energy Audit/Risk Expert
The Dodd-Frank Wall Street Reform and Consumer Protection Act passed in 2010 promises to bring the most sweeping changes in financial regulation to the American business sector since the Great Depression. Although Dodd-Frank is a response to the financial crisis, the implications of the 848-page federal statute will not spare the energy industry.
The C. T. Bauer College of Business will host a discussion titled, “Dodd-Frank Implications for the Energy Industry and Firms,” on April 10 for the final Distinguished Leaders Series event of the spring semester.
Presented by AGL Resources and their Houston-based companies, the DLS serves as an opportunity for exploring topical issues in business, with an emphasis on the energy industry.
A reception will be held in Cemo Hall at 5 p.m. before the 6 p.m. discussion, where featured speakers will discuss Dodd-Frank’s implications to firms and the energy industry. The panel will feature accomplished leaders from academia and the energy industry, including:
Craig Pirrong, Ph.D.
Finance Professor and Director of Energy Markets
C. T. Bauer College of Business
Global Energy Management Institute
University of Houston
Pirrong previously was the Watson Family Professor of Commodity and Financial Risk Management, and associate professor of Finance at Oklahoma State University. He joined the faculty of the Bauer College of Business at the University of Houston as professor of Finance and the Energy Markets director for Global Energy Management Institute in January, 2003. He has also served on the faculty of the University of Michigan Business School, the Graduate School of Business of the University of Chicago, and the Olin School of Business of Washington University in St. Louis. He holds a Ph.D. in business economics from the University of Chicago.
Pirrong’s research focuses on the economics of commodity markets, the relation between market fundamentals and commodity price dynamics, and the implications of this relation for the pricing of commodity derivatives. His recent research is concentrated on the power markets. He has created a power derivatives pricing model that links observable fundamentals (e.g., temperature, loads) to power derivatives prices. Pirrong has also published extensively on the economics of financial exchanges. He has published 30 articles in professional publications and is the author of three books. Pirrong has consulted widely with clients including electric utilities, major commodity processors and consumers, and commodity exchanges around the world.
Risk & Control Area
Katherine Torres has worked for several energy trading companies in Houston including Dynegy, Enron, AEP, ETP and Enbridge in various roles within audit, accounting and risk management within all aspects of physical and financial transactions. Currently, Torres is the manager of Risk Compliance for AGL Resources where she is directing the Dodd-Frank compliance implementation efforts along with the Legal and Regulatory groups. Prior to her role in Dodd-Frank compliance for AGL Resources, Torres was the lead project manager developing an internal FERC compliance program for Sequent. Katherine holds BA and an MBA in Finance from the University of the District of Columbia.
By Amanda Sebesta