Resource Planning Analyst I or II

Xcel Energy Services Inc; Denver (CO); On-site; USD 85,000 - 139,000; Full time

Benefits offered by this job

Annual Incentive Program

Medical/Pharmacy Plan

Dental

Vision

Life Insurance

401(k) plan

Paid time off

Job summary

Xcel Energy is seeking a Resource Planning Analyst to develop, run, and maintain long-range resource planning models for its operating companies. The role involves preparing quantitative analysis of generation resources, market purchases, and capital costs, with a focus on reliability and cost efficiency.

The analyst will implement stochastic simulations, collaborate with Forecasting, Risk Management, Trading, Gas and Coal Supply, Transmission Operations, and other groups to align planning with

Qualifications

• Bachelor's degree in engineering, finance, economics, operations research, mathematics, or business.
• Two years of energy industry experience or equivalent experience with large optimization/forecasting models.
• Graduate work in mathematics, economics, operations research or engineering preferred.

Responsibilities

• Develop, run, and maintain long-range resource planning models.
• Produce quantitative analyses for executives and regulatory filings.
• Incorporate short- and long-range considerations into optimal resource plans with cross-group interface.

Skills

Quantitative analysis

Monte Carlo simulations

Cross-functional collaboration

Long-range modeling

Education

Bachelor's degree in engineering/finance/economics/OR/math/business

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.

The below job summary and responsibilities reflect the duties of the Resource Planning Analyst I, Resource Planning Analyst II will differ as more skills and/or experience will be required. The successful candidate will be placed at a level that is commensurate with the candidate's skills and experience.

Position Summary: Develop, run, and maintain long range resource planning models for Xcel Energy's three operating companies. Prepare quantitative analysis new generation resources, identifying system cost, environmental, and capital budget impacts for various generation alternatives. Provide long range estimates of power generation costs and market purchases. Calculate revenue requirement streams for large capital investments. Apply stochastic analysis techniques to quantify the risk associated with particular generation alternatives.

Essential Responsibilities: Develop/run/maintain long range resource planning model. Ensure accuracy of model input assumptions and verify that simulations and optimizations are functioning correctly. Produce comprehensive quantitative analysis for executives and regulatory filings. Analysis includes energy production, emission, and capital budget forecasts. Implement stochastic (Monte Carlo) simulations around areas of significant uncertainty to identify total system costs variance around various generation alternatives. Interface and work with Forecasting, Risk Management, Trading, Gas Supply, Coal Supply, Transmission Operations and other Xcel groups to incorporate short-term and long-range considerations into the optimal resource plans, including transmission constraints, growth forecasts, fuel and electricity market price risks, etc. In conjunction with Risk Management, ensure that the expansion plan and production cost modeling of the utility power systems is accurate and current in terms of fuel costs, production capability (heat rates, capacity, starting and variable operating cost, etc.), contract terms (scheduling flexibility, constraints, availability, etc.). Research new techniques in quantitative optimization for application to resource planning analysis. Maintain working knowledge of emerging generation technology with the potential for future inclusion in the company's generation portfolio. Follow developments in major federal and state policies that affect the company's resource plan (i.e. emission regulations and renewable energy standards.

Minimum Requirements – Analyst I ($84,900 - $120,566). Bachelor's degree in engineering, finance, economics, operations research, mathematics, business (two years professional experience related experience equivalent to one year of college). Two years of energy industry experience or equivalent experience working with large optimization / forecasting models.

Minimum Requirements – Analyst II ($97,600 - $138,600). Bachelors degree in engineering, finance, economics, operations research, mathematics, business. Five or more years related work experience.

Preferred Requirements: Graduate work in mathematics, economics, operations research or engineering.

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: $84,900.00 to $138,600.00 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

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: 09/03/26.

EEO is the Law | EEO is the Law Supplement | Pay Transparency Nondiscrimination | Equal Opportunity Policy (PDF) | Employee Rights (PDF).

All Xcel Energy employees and contractors share responsibility for protecting the company's information and systems by adhering to cybersecurity policies, standards, and best practices, recognizing that cybersecurity is everyone's responsibility.

ACCESSIBILITY STATEMENT Xcel Energy endeavors to make https://www.xcelenergy.com/ accessible to any and all users. If you would like to contact us regarding the accessibility of our website or need assistance completing the application process, please contact Xcel Energy Talent Acquisition at [e-mail]. This contact information is for accommodation requests only and cannot be used to inquire about the status of applications.

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.