Transmission Production Cost Analyst

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

Benefits offered by this job

Annual Incentive Program

Medical/Pharmacy Plan

Dental

Vision

Life Insurance

Health Savings Account (HSA)

401(k) plan

Pension

Paid time off (PTO)

Holidays

Job summary

Xcel Energy in Minneapolis, MN is seeking a Transmission Production Cost Modeling Analyst to shape electric system planning using PROMOD and related tools. You will develop energy market forecasts, support regulatory testimony, and deliver independent analyses of transmission projects with a focus on cost optimization and reliability.

Ideal candidates have a BS/BA in a quantitative field and at least 5 years of experience in transmission analysis and wholesale energy markets, with strong data

Qualifications

• Advanced quantitative analysis skills with experience in transmission planning and market-based analyses.
• Experience analyzing transmission systems and wholesale energy markets using production cost tools.
• Familiarity with regulatory filings, direct testimony, and data handling for modeling inputs.

Responsibilities

• Assist in development of energy market forecasts for electric transmission development.
• Support development of direct testimony for regulatory proceedings.
• Collaborate with senior modelers to respond to regulatory information requests.

Skills

Advanced quantitative analysis

Transmission systems analysis

Wholesale energy markets experience

Production cost modeling

Data verification and input data

Education

Bachelor's degree in a quantitative field

Tools

PROMOD

Production Cost Modeling software

Spreadsheet software

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.

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.

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

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 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

Xcel Energy provides job applicants reasonable accommodations for disabilities throughout the application process.

If you are in need of an accommodation to complete the application process, now or at any time in the future, please complete the Applicant Accommodation Request Form.

Deadline to Apply: 10/29/26

EEO is the Law (PDF) | Equal Opportunity Statement (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 and https://jobs.xcelenergy.com accessible to any and all users.

For any other application related questions, including application follow-ups or technical issues, please use our Recruiting Assistance, Electra, for assistance. Electra can be found in the lower right-hand corner of our Xcel Energy Careers site.

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.