Position Summary:
The Portfolio Analyst position is anticipated to lead and perform portfolio analysis associated with managing PG&E’s commercial activities involving RA, RPS, energy, CRR, GHG, and LCFS procurement and manage various compliance reporting obligations to the CPUC, CEC, CARB, and CAISO. This position is expected to collaborate with internal and external stakeholders to perform detailed analyses on one or more relevant compliance or procurement topics. Commercial activities must be managed to ensure that sales/procurement meets various regulatory requirements at reasonable costs. The position may be required to fulfill other duties as appropriate to any portion of the overall department.
Key Responsibilities:
- Leads strategy development and execution in commercial activities
- Provide guidance and recommendations on complex issues to PG&E management.
- Leads complex tasks such as development of forward electric position, development of procurement plans, or the evaluation of alternatives for mitigating PG&E’s risk exposure at the wholesale energy portfolio level
- Completes critical compliance reporting efforts, including compliance filings for Resource Adequacy and Renewable Portfolio Standard
- Leads the PG&E management and regulatory approval process for specific transactions.
- Drives continuous improvement processes
- Researches and communicates emerging regulatory or policy issues.
- Autonomously develops and executes plans and processes to accomplish Portfolio Management goals including preserving reliability and procuring least-cost resources.
- Owns Power Purchase Agreement development or Commission advice letter drafting
Required Education & Experience:
- Familiarity with supply and demand side electricity markets including nuclear, hydro, fossil, solar, wind, energy storage, QF/CHP, biomass, GHG emissions and offsets, energy efficiency, demand response, and/or distributed generation
- Master’s Degree
- Knowledge of wholesale energy markets, power/gas products (e.g., RA, Energy, GHG, CRR, LCFS), energy procurement contracts, energy trading, and regulations
- Minimum 4 years of experience, or less with advanced degree in a business-related field, mathematics, engineering, or equivalent field of study
- Bachelor’s Degree with coursework in a business-related field, mathematics, engineering, or equivalent field of study
- Experience with any/all the following activities:
- Utility revenue requirement and rate-making processes; or
- Physical, financial and real options and derivatives
- Programming capability, particularly in Python or VBA
- Data analytical capability including PowerBI and other data analysis tools
- Ability to participate in bilateral negotiations with resources with potential value to PG&E’s customers
- Ability to prioritize, perform, and articulate findings in written and verbal form to internal and external audiences
- Interpret and explain the analytical results to technical and non-technical audiences using data visualization and effective communication techniques
- Demonstrate subject matter expertise regarding the anticipation and resolution of complex issues involving senior management, cross-department interactions, and limited information
- Self-directed, team player, with ability to drive to high quality results consistently and on a timely basis
- Actively seek out ways to improve processes, systems, and/or procedures to help reduce errors and improve efficiency
- Demonstrate knowledge of physical and financial gas and electric market fundamentals
- Strong understanding of the regulatory environment in California including CPUC, CAISO, CARB, and CEC regulations
- Advanced skill with MS Office Suite (i.e., Excel, Word, etc.)