Director, Capital Projects Development (Thermal)

Xcel Energy Services Inc; Minneapolis (MN); On-site; USD 148,000 - 242,000; Full time

Benefits offered by this job

Annual Incentive Program

Long Term Incentive

Medical/Pharmacy Plan

Dental

Vision

Life Insurance

Dependent Care Reimbursement Account

Health Care Reimbursement Account

Health Savings Account (HSA)

Limited-Purpose FSA

Transportation Reimbursement Account

Short-term disability

Long-term disability

Employee Assistance Program

Fitness Center Reimbursement

Tuition reimbursement

Transit programs

Employee recognition program

Pension

401(k) plan

Paid time off (PTO)

Holidays

Volunteer Paid Time Off (VPTO)

Parental Leave

Job summary

Xcel Energy is seeking a Director of Capital Projects Development (Thermal) to lead strategic planning and development for generation, transmission, and distribution initiatives. You will coordinate multi-disciplinary teams to define the commercial, technical and performance characteristics for capital projects within the 5-year strategic plan.

This role requires strong financial acumen, cross-unit collaboration, regulatory understanding, and effective stakeholder engagement to advance projects

Qualifications

• Bachelor of Science in engineering, construction management or project management.
• Minimum of 10 years' combined experience in project management, engineering, construction, operations and/or maintenance for energy assets.
• Minimum of 5 years' experience in leadership positions, including strategy development and implementation.
• Strong financial acumen, understanding of regulatory requirements and their business implications.
• Registered Professional Engineer and PMP preferred.

Responsibilities

• Strategic planning and development of a 5-year portfolio of major capital projects.
• Lead cross-functional teams for preliminary design and project development.
• Provide technical analysis, documentation and testimony for filings.
• Manage stakeholder relationships and partnerships across units.
• Oversee execution strategies and handovers to operations for robust delivery.

Skills

Leadership

Strategic planning

Financial acumen

Communication

Project management

Education

Bachelor of Science in engineering or construction management

Advanced degree preferred

Professional Engineer (PE) preferred

PMI PMP preferred

Job description

Are you looking for an exciting job where you can put your skills and talents to work at a company you can feel proud to be a part of? Do you want a workplace that will challenge you and offer you opportunities to learn and grow? A position at Xcel Energy could be just what you’re looking for.

Director, Capital Projects Development (Thermal)

Position Summary

Responsible for strategic planning and development for generation, transmission, electric distribution and/or gas systems. Provides leadership and coordination of multi-disciplinary teams in appraising, selecting, and defining the commercial, technical and performance characteristics for capital projects in the 5-year strategic plan consistent with corporate strategy, operational excellence, and industry best practices.

Essential Responsibilities

• Responsible for strategic system planning and development of the 5-year portfolio of major capital projects and programs involving the modification, expansion and innovation of generation, transmission, electric distribution, gas, clean fuels, and/or clean transportation systems.
• Execute development strategies for projects and programs that balance risk, system reliability, resource adequacy, financial investment, customer cost, and executability of complex projects and programs.
• Aggregates, priorities and optimizes the portfolio of proposed capital projects within and across the operating business unit, the operations enterprise and the operating company.
• Accountability can include significant capital projects per planning cycle.
• Leads cross functional teams to perform preliminary design and project development activities which result in robust foundation for packages for capital projects and programs.
• Performs tasks and activities to develop deliverables which include, but is not limited to, a defined project scope, justified business case, alternatives assessment, technology due diligence, cost estimates, project schedules, preliminary engineering designs, permitting strategy, procurement strategy, construction, and overall execution strategy.
• Provides assurance for the application of technical specifications, best practices and continuous improvement across capital project portfolio.
• Ensures an effective project handover to Operations and a robust feedback loop for continuous improvement.
• Provides technical analysis, supporting documentation, and testimony for public utility commission filings and permit filings, and submittal requirements.
• Obtains financial/tax incentives and grants, and regulatory approvals.
• Participates in public meetings and forums.
• Represents Xcel Energy in stakeholder meetings.
• Advances projects and programs to the Investment Review Council (IRC), Finance Council (FC) and board of directors per governance requirements.
• Establish and foster successful partnerships with Operations, Operating Companies and Corporate organizations.
• Develop and maintain effective relationships with other jurisdictional, business units and corporate peers, to ensure timely, effective information sharing and best practices implementation.
• Build and maintain external relationships in common areas of expertise.

Minimum Requirements

• Bachelor of Science degree in engineering, construction management or project management from an accredited college or university.
• Advanced degree preferred.
• Minimum of 10 years' combined experience in project management, engineering, construction, operations and/or maintenance for energy assets.
• Demonstrated knowledge of gas, electric distribution, transmission and/or energy supply business area functions.
• Minimum of 5 years' experience in leadership positions, including strategy development and implementation.
• Strong financial acumen, understanding of regulatory requirements and their business and operational implications.
• Registered Professional Engineer preferred.
• Project Management Professional preferred.
• Strong written and verbal communication skills.

About Xcel Energy

As a leading combination electricity and natural gas energy company, Xcel Energy offers a comprehensive portfolio of energy-related products and services to 3.4 million electricity and 1.9 million natural gas customers across eight Western and Midwestern states.

At Xcel Energy, we strive to be the preferred and trusted provider of the energy our customers need.

All qualified applicants will receive consideration for employment without regard to age, race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

Individuals with a disability who need an accommodation to apply please contact us at [e-mail].

Non-Bargaining

The anticipated starting base pay for this position is: $148,400.00 to $241,900.00 per year

• Annual Incentive Program
• Long Term Incentive
• 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.

Deadline to Apply: 09/30/26

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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.