Resource Planning Analyst I or II

Xcel Energy; 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

Holidays

Pension

Job summary

Xcel Energy in Denver is seeking a Resource Planning Analyst I/II to develop and maintain long-range resource planning models, providing quantitative analyses for generation options and regulatory filings. You will collaborate with Forecasting, Risk Management, Trading, and various supply teams to incorporate short- and long-term considerations into optimal resource plans.

The role requires a bachelor’s degree and energy industry experience with large optimization/forecasting models; candidates

Qualifications

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

Responsibilities

• Develop/run/maintain long range resource planning model. Ensure input assumptions accuracy and verify simulations and optimizations.
• Produce comprehensive quantitative analysis for executives and regulatory filings: energy production, emission, and capital budget forecasts.
• Implement stochastic (Monte Carlo) simulations to identify total system costs variance around generation alternatives.
• Interface with Forecasting, Risk Management, Trading, Gas Supply, Coal Supply, Transmission Operations and others to incorporate short-term and long-range considerations.
• Ensure expansion plan and production cost modelling is accurate with fuel costs, production capability, and contract terms.
• Research new techniques in quantitative optimization for resource planning analysis.
• Maintain knowledge of emerging generation technology for future portfolio inclusion.
• Follow developments in federal/state policies affecting resource plan.

Education

Bachelor's degree in engineering, finance, economics, operations research, mathematics, 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. If you’re ready to be a part of something big, we invite you to join our team.

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

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: 09/03/26

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ACCESSIBILITY STATEMENT

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