Transmission Production Cost Analyst

Xcel Energy Services Inc; Minneapolis (MN); On-site; USD 98,000 - 139,000; Full time

Benefits offered by this job

Medical/Pharmacy Plan

Dental

Vision

Life Insurance

401(k) plan

Pension

Paid time off

Job summary

Xcel Energy Services Inc. is seeking a Transmission Production Cost Modeling Analyst to shape the future of our electric power system.

You will prepare and direct economic transmission planning using PROMOD and other tools to support regulatory filings and budgeting requirements. In this role you will assist with energy market forecasts, contribute to direct testimony, and respond to regulatory information requests.

Qualifications

• Bachelor's degree or equivalent in a relevant field.
• 5+ years of experience analyzing transmission systems; 3 years in wholesale energy markets using financial tools/production simulation software.
• Advanced quantitative analysis skills and extensive knowledge of required systems and software.

Responsibilities

• Assist in development of energy market forecasts for electric transmission development to support long range plans and regulatory filings.
• Support development of direct testimony for regulatory proceedings.
• Provide responses to regulatory agencies information requests pertaining to wholesale energy market plans and modeling of the transmission system.
• Direct independent analyses to respond to or support regulatory review of the transmission system.
• Support production cost inputs into transmission modeling for electric system planning purposes.
• Produce electric system production cost uploads needed within Integrated System Planning.
• Prepare forecasts of off-system impacts to congestion and curtailment.
• Perform analyses to independently evaluate activities of operating companies from a Risk Management perspective.

Skills

Quantitative analysis

Production cost modeling

Regulatory filings

Data analysis

Education

B.S./B.A. in electrical engineering or related

Tools

Production Cost Modeling software

Spreadsheet

Database software

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.

Position Summary

Join Xcel Energy as a Transmission Production Cost Modeling Analyst and play a pivotal role in shaping the future of our electric power system! Prepare and direct economic transmission planning efforts using PROMOD and other tools to serve Xcel Energy's electric power system planning functions serving native customer demand and energy requirements to support regulatory filing, reduce customer costs and meet corporate budgeting requirements. Support the preparation of direct testimony for regulatory proceedings and provide responses to regulatory agencies information requests pertaining to wholesale energy market plans related to the transmission system. Investigate and develop new techniques to improve economic transmission planning processes. Support transmission planning work including evaluation of interregional projects and congestion cost mitigation opportunities.

Essential Responsibilities

• Assist in development of energy market forecasts for electric transmission development to support long range plans, regulatory filings, and reduce congestion.
• Support development of direct testimony for regulatory proceedings.
• Work with senior modelers to provide responses to regulatory agencies information requests pertaining to wholesale energy market-based plans and modeling of Xcel Energy's transmission system.
• Direct independent analyses to respond to or support regulatory agencies review of Xcel Energy's transmission system.
• Support the develop production cost inputs into transmission modeling for electric system planning purposes.
• Produce electric system production cost uploads needed within Integrated System Planning.
• Prepare forecasts of off system impacts to congestion and curtailment.
• Work with senior Modelers to perform electric system transmission modeling analyses to independently evaluate activities of Xcel Energy's operating companies, from a Risk Management perspective, pertaining to transmission assets, regional planning processes, competitive transmission development, transmission and environmental issues.
• Prepare independent evaluations of regional transmission plans, and initiate analysis of existing and new transmission system limitations.
• Perform monthly assessment of resource congestion and curtailment.
• Support responses to regulatory group and state regulatory agencies requests and questions.
• Investigate and develop new techniques to improve economic transmission planning processes.
• Maintain and verify all input data as necessary for the transmission production cost modeling team.
• Ensure transmission and generation system data is available to accurately modeled in terms of ratings, flow gates, fuel costs, production capability (heat rates, capacity, VOM, etc.) and contract terms in order to provide accurate analysis of transmission system impacts.
• Optimize existing and develop new programs to post process output.

Minimum Requirements

• Bachelor's of Science or Bachelor's of Arts degree in electrical engineering, economics, mathematics, physics, quantitative analysis, business or a related discipline, or equivalent experience.
• At least 5 years of experience in analyzing transmission systems including 3 years of experience in wholesale energy markets using financial tools/production simulation software.
• Must have advanced quantitative analysis skills and extensive knowledge in the systems and software required for such analyses.

Preferred Requirements

• Experience with Production Cost Modeling software or equivalent.
• Advanced skills using spreadsheet and database software.
• Extensive knowledge of the performance, operations, and modeling of assets, preferably Xcel Energy's assets.

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: $97,600.00 to $138,600.00 per year

• 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

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.

Deadline to Apply: 09/29/26

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.