Resource Planning Analyst II or Senior

Xcel Energy Services Inc; Denver (CO); Hybrid; USD 98,000 - 159,000; Full time

Benefits offered by this job

Annual Incentive Program

Medical/Pharmacy Plan

Dental

Vision

401(k) plan

Job summary

Xcel Energy is seeking a Resource Planning Analyst II/Senior to analyze, develop, and implement resource expansion plans for electric system growth across state utilities. You will model expansions, evaluate offers, and collaborate with forecasting, risk management, trading, and other groups to align with regulatory and market conditions.

The role emphasizes economic modeling, plan development, and negotiating optimal capacity.

Qualifications

• Bachelor’s degree in engineering, finance, economics, operations research, mathematics or business.
• Graduate work in related field preferred.

Responsibilities

• Analyze resource expansion plans to meet state requirements.
• Develop capacity and energy resource plans with cost optimization.

Skills

Excel

Python

Analytical thinking

Communication

Education

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

Tools

EnCompass

Plexos

PROMOD

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, Senior Resource Planning Analyst 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

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 – Analyst II

• $97,600 - $138,600
• Bachelors degree in engineering, finance, economics, operations research, mathematics, business.
• At least five 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.

Preferred Requirements – Analyst II

• Graduate work in engineering, business administration, finance, economics, operations research or decision analysis preferred.
• Modeling experience in EnCompass, Plexos or similar platforms; or nodal analysis tools such as PROMOD or similar platforms; or electric and natural gas markets and price forecasting OR Experience in generation project development, including origination, scoping, design, or execution
• Strong proficiency in Excel and Python

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.

Preferred Requirements – Senior Analyst

• Master’s Degree in engineering, finance, economics, operations research, mathematics, business administration.
• Extensive system knowledge of at least one of the larger Xcel Energy utilities.
• Modeling experience in EnCompass, Plexos or similar platforms; or nodal analysis tools such as PROMOD or similar platforms; or electric and natural gas markets and price forecasting OR Experience in generation project development, including origination, scoping, design, or execution
• Strong proficiency in Excel and Python

Our Culture

Our culture is grounded in shared values and employee commitments that guide how we work, support one another, and grow together.

• 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.

Compensation and Benefits

The anticipated starting base pay for this position is: $97,600.00 to $159,400.00 per year.

• Annual Incentive Program
• Medical/Pharmacy Plan
• Dental
• Vision
• Life Insurance
• Dependent Care Flexible Spending Account
• Health Care Flexible Spending 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: 10/26/26

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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.