Resource Planning Analyst I or II or Senior

Xcel Energy Services Inc; Amarillo (TX); Hybrid; USD 97,000 - 160,000; Full time

Benefits offered by this job

Hybrid work model

Job summary

Xcel Energy in the United States is seeking a Resource Planning Analyst to analyze, develop and implement resource expansion plans to meet electric system growth. This role involves building plans for new capacity and energy resources across multiple states within regulatory frameworks.

The position requires modeling expansion and production costs, coordinating with Forecasting, Risk Management, Trading and other groups, and interfacing with regulators and stakeholders to secure approvals.

Qualifications

• Bachelor's degree in engineering, finance, economics, operations research, mathematics or business.
• Two years energy industry experience or equivalent with large optimization/forecasting models.
• Five or more years related work experience.
• At least three years modeling experience with expansion or production simulation models.
• Extensive system knowledge of at least one Xcel Energy utility.

Responsibilities

• Develop comprehensive plans to obtain or add new capacity and energy resources.
• Interface with regulators, intervenors, customers and power suppliers to obtain consensus and regulatory approval.
• Plan and perform expansion plan and production cost modeling across scenarios and risks.
• Coordinate with Forecasting, Risk Management, Trading, Gas/Coal Supply and other groups.
• Design and execute solicitations for long-term capacity and energy resources.

Skills

Large optimization models

Forecasting models

Regulatory interface

Expansion planning

Education

Bachelor's degree in engineering, finance, economics, operations research, mathematics, or business

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.

The below job summary and responsibilities reflect the duties of the Resource Planning Analyst II, Resource Planning Analyst I and Senior will differ as more or less 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

Analyze, develop and implement resource expansion plans to meet electric system growth requirements for the Xcel operating utility companies, all within the resource bidding / integrated resource planning requirements of each state.

Essential Responsibilities

• Develop comprehensive plans to obtain or add new capacity and energy resources in the most cost effective manner. Such plans and processes must be developed for each company and state, within resource planning / acquisition rules that govern the expansion of the system / addition of new generation and/or purchased power resources.
• Interface with regulators, intervenors, including political and special interest groups, customers, and power suppliers to obtain consensus, support, and/or regulatory approval of optimal resource plans. This includes filing of testimony, negotiations and presentations.
• Plan and perform expansion plan and production cost economic modeling of alternative supply plans and resources to develop optimal portfolios, incorporating consideration of various scenarios and risks (e.g. fuel prices, electric market prices, reliability criteria, environmental requirements, technology development scenarios, etc.)
• 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.).
• Design and execute solicitations for new long term capacity and energy resources. Evaluate offers using financial, economic, environmental and other criteria using expansion and production cost models, decision analysis and other quantitative tools. Recommend best offers that meet need and criteria to senior executives for contract negotiation and execution.

Minimum Requirements

• 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.
• Minimum Requirements - Senior Analyst ($112,200 - $159,400) Bachelor's degree in engineering, mathematics, economics or quantitative analysis.
• At least eight years utility experience in work functions such as plant engineering or operations, forecasting, rates, load research, or similar function that provides candidate with understanding of generation planning and system modeling techniques.
• At least three years modeling experience with expansion or production simulation models.
• Extensive system knowledge of at least one of the larger Xcel Energy utilities.

Preferred Requirements

• Graduate work in finance, economics, operations research or decision analysis.

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