McCombs School of Business

1. McCombs School of Business Energy Related Concentrations

2. 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 • Peak oil • Global Warming • Environmental Standards • Carbon Tax • Smoking section?

3. Investment in New Supplies Needed Electricity 53% Oil 23% Coal 3% Gas 20% Cumulative Investment in Energy-Supply Infrastructure, 2008-2030 = $25.6 trillion (in $2008) Power generation 52% Exploration & development 79% Transmission & distribution Refining 48% 17% Other 4% $13.7 trillion $5.9 trillion Biofuels 1% $5.1 trillion $0.7 trillion Exploration & development 58% 86% Mining 9% LNG chain Shipping & ports 33% 14% Transmission and distribution $1.2 trillion investment needed per year Source: International Energy Agency, 2009 World Energy Outlook

4. 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 • 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 • 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

5. McCombs Energy Paths • Energy Finance • CleanTech • Finance • Marketing • Related Concentrations • Corporate Social Responsibility • Operations • Accounting • Double Down? • MBA & Energy Management • MBA & Law • MBA & Energy and Earth Resources • MBA & Policy

6. 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

7. 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 IndustriesACC 380D - Advanced Topics in Financial Reporting ACC 380K.7 - Financial Statement Analysis • Other Recommended Electives LEB 380.32 - Energy LawFIN 394.15 - Energy Finance Practicum

8. Special Courses • 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

9. 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

10. Opportunities • Smart Grid Primer • Mitchell Foundation : Best Practices for Shale Gas • Haynesville screening • ANGA • Economics of Green Development • Smart Grid Conference • Energy Forum • Spring EMIC Conference • Competitions • Energy Finance Challenge • Renewable Energy Challenge

11. The Next Wave • Shale Gas • C02 reduction • Energy independence • Fracking? • Electricity Storage • Load shaping • Electric Cars • Carbon Capture and Sequestration • Artificial Photosynthesis

12. Web Pages • http://www.mccombs.utexas.edu/students/ctg/ • http://www.mccombs.utexas.edu/students/EFG/ • http://www.mccombs.utexas.edu/students/netimpact-grad/ • http://blogs.mccombs.utexas.edu/energy/ • http://www.youtube.com/watch?v=GszEWuz53dk

13. EMIC Our mission is to empower leaders to more effectively manage energy demand and resources while enabling innovative technologies grounded in sound business principles.

14. Honest Debate The Center is committed to rigorous objectivity, while fully considering the technical, economic, cultural and geopolitical implications of the various energy pathways.

15. ·         Brief overview of the area of concentration • ·         Your teaching methods (case, lecture, practicum, etc.) • ·         Opportunities for students to connect to industry leaders (in or out of your classroom) • ·         Current business developments/research in this field • ·         Impact on career changers