Associate Portfolio Manager - Power Purchase

Xcel Energy Services Inc; Denver (CO); Hybrid; USD 85,000 - 121,000; Full time

Benefits offered by this job

Annual Incentive Program

Medical/Pharmacy Plan

Dental

Vision

Life Insurance

401(k) plan

Pension

Paid time off (PTO)

Job summary

Xcel Energy seeks a Power Purchase professional to coordinate, negotiate, and manage long-term PPAs, helping minimize costs and optimize the power supply portfolio. You will support PP leadership and collaborate with legal, regulatory, and finance teams to ensure compliant and effective contracts.

We value experience in energy procurement and contract administration, plus strong analytical and communication skills.

Qualifications

• Bachelor's degree in engineering, business, economics, finance or similar.
• Experience in energy industry including procurement, energy trading, energy dispatch/scheduling, transaction origination, regulatory issues or contract negotiation preferred.
• Strong interpersonal, analytical, organizational, and communication skills are required.

Responsibilities

• Negotiate PPAs and provide guidance under leadership to minimize costs and optimize the portfolio.
• Administer and manage all aspects of PPAs and related documents.
• Analyze proposals and contracts for financial and business risks; prepare summaries for review.

Skills

Interpersonal skills

Analytical thinking

Organizational skills

Communication skills

Education

Bachelor's degree in engineering, business, economics, finance or similar

Job description

Xcel Energy (NASDAQ: XEL) is a leading energy provider and Fortune 500 company, dedicated to serving millions of electricity and natural gas customers across eight states: Minnesota, Colorado, Wisconsin, Michigan, North Dakota, South Dakota, New Mexico and Texas. We make energy work better for our customers, helping them thrive every day. That means always raising the bar - delivering better service and providing more reliable, resilient, and sustainable energy. Xcel Energy is a place where you’ll have opportunities to grow, expand your skills, and help lead the clean energy transition. We offer meaningful rewards, recognition, and support to help you build your career and make an impact - both on the job and beyond. Most importantly, it means you’ll be joining a company that knows employees are the driving force behind its success and is committed to helping you be your best. Xcel Energy supports a hybrid work model to enable collaboration and flexibility. Many roles are expected to work onsite three days per week (Tuesday–Thursday); however, work location expectations vary based on role, team, and business needs.

Position Summary

Under the general supervision of a Power Purchase (PP) team members and/or PP leadership: coordinate, negotiate and manage power purchase agreements (PPA's) to minimize Company's costs and to optimize the power supply portfolio; Demonstrate basic power purchase contract management knowledge and skills; Provide assistance PP team members in negotiation and administration of long-term PPA's and associated documents; utilize knowledge and experience to meet regulatory requirements in each jurisdiction associated with resource planning, regulatory reviews, rate cases and approval of PPA's and in the administration of PPA's.

Essential Responsibilities

In accordance with applicable company practices and policies, negotiate PPAs, guidance and assistance from other PP team members and legal counsel to ensure effective risk mitigation. Negotiate contracts and contract changes commensurate with experience and demonstrated competence under the guidance of a higher level PP Consultants or PP leadership. Administer and manage all aspects of PPA's. Ensure proper calculation/verification and distribution of billing and payments, security deposits, insurance, notifications, outage scheduling and maintenance periods, and performance monitoring, including various ancillary contractual documents and obligations. Analyze proposals and contracts and prepare summaries based on analysis, with attention to the financial and business risks of the proposed effort; participate in team meetings; prepare and analyze terms, conditions, and assumptions. Review complex pricing proposals and contracts for accuracy and consistency. Identify opportunities to develop and implement creative solutions to contract issues and disputes. Utilize and apply increasing knowledge level of contract negotiation and administration principles, practices, and techniques. Research contract language and seek guidance on complex terms and conditions from PP team members or PP leadership. Coordinate with other Company departments as applicable to ensure that appropriate Company reviews are conducted of new contracts, issues, disputes, and other matters and that required applicable approval signatures are obtained before execution of contractual documents. Act as the primary Company point of contact for all contractual matters on assigned contracts. Draft, prepare, and execute certain internal and external correspondence on contractual matters.

Minimum Requirements

Bachelor's degree in engineering, business, economics, finance or similar. Experience in energy industry including procurement, energy trading, energy dispatch/scheduling, transaction origination, working on regulatory issues, or negotiating and administering contracts preferred. Strong interpersonal, analytical, organizational, and communication skills required. Previous experience in system operations, regulatory affairs, contract law or system planning is a plus.

Our culture is grounded in shared values and employee commitments that guide how we work, support one another, and grow together. Our Values Connected, Committed, Trustworthy, Safe Our Employee Commitments Work that makes a difference A team you can count of Opportunities to grow Rewards that help you thrive

Xcel Energy provides job applicants reasonable accommodations for disabilities throughout the application process.

Non-Bargaining

The anticipated starting base pay for this position is: $84,900.00 to $120,566.66 per year

This position is eligible for the following benefits:

• Annual Incentive Program
• Medical/Pharmacy Plan
• Dental
• Vision
• Life Insurance
• Dependent Care Reimbursement Account
• Health Care Reimbursement Account
• Health Savings Account (HSA) (if enrolled in eligible health plan)
• Limited-Purpose FSA (if enrolled in eligible health plan and HSA)
• Transportation Reimbursement Account
• Short-term disability (STD)
• Long-term disability (LTD)
• Employee Assistance Program (EAP)
• Fitness Center Reimbursement (if enrolled in eligible health plan)
• Tuition reimbursement
• Transit programs
• Employee recognition program
• Pension
• 401(k) plan
• Paid time off (PTO)
• Holidays
• Volunteer Paid Time Off (VPTO)
• Parental Leave

Benefit plans are subject to change and Xcel Energy has the right to end, suspend, or amend any of its plans, at any time, in whole or in part.

In any materials you submit, you may redact or remove age-identifying information including but not limited to dates of school attendance and graduation. You will not be penalized for redacting or removing this information.

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You. Us. Together.

At Xcel Energy, we’re more than an energy company. We’re reinventing how we power communities. Redefining how we care for customers. Reaffirming our commitment to the planet. We’re committed to leading with equity and inclusion. You’re not waiting for change – you’re creating it. You’re driven to protect the environment, support your community, and seek innovation. You want a career that grows with you and an employer who values you. You are reliable, trustworthy and bring integrity to everything you do. We are leading the way in clean energy. We’re using technology and innovation in every facet of our company. We’re providing safe, stable jobs with robust benefits. We keep our customers at the center of all we do. We’re committed to hiring a workforce that reflects the communities we serve. Together, we can provide carbon‑free electricity by 2050. Together, we can take care of the environment and our communities. Together, we can create a place where everyone belongs. Together we’re building a better tomorrow.