Resource Planning Analyst I or II

This position offers an opportunity to contribute to a company committed to sustainability and innovation in the energy sector. The successful candidate will be placed at a level (Analyst I or II) commensurate with their skills and experience.

About the Role

Develop, run, and maintain long-range resource planning models for Xcel Energy's three operating companies. Prepare quantitative analysis of new generation resources, identifying system cost, environmental, and capital budget impacts for various generation alternatives. Provide long-range estimates of power generation costs and market purchases. Calculate revenue requirement streams for large capital investments. Apply stochastic analysis techniques to quantify the risk associated with particular generation alternatives.

Responsibilities

• Develop, run, and maintain long-range resource planning models, ensuring accuracy of input assumptions and verifying simulations and optimizations.
• Produce comprehensive quantitative analysis for executives and regulatory filings, including energy production, emission, and capital budget forecasts.
• Implement stochastic (Monte Carlo) simulations to identify total system cost variance around various generation alternatives.
• Interface with Forecasting, Risk Management, Trading, Gas Supply, Coal Supply, Transmission Operations, and other groups to incorporate short-term and long-range considerations into optimal resource plans (e.g., transmission constraints, growth forecasts, fuel and electricity market price risks).
• Collaborate with Risk Management to ensure accurate and current expansion plan and production cost modeling of utility power systems, including fuel costs, production capability, and contract terms.
• Research new techniques in quantitative optimization for application to resource planning analysis.
• Maintain working knowledge of emerging generation technologies with potential for future inclusion in the company's generation portfolio.
• Follow developments in major federal and state policies affecting the company's resource plan (e.g., emission regulations and renewable energy standards).

Requirements

• Analyst I:
  • Bachelor's degree in engineering, finance, economics, operations research, mathematics, or business (two years of professional experience may substitute for one year of college).
  • Two years of energy industry experience or equivalent experience working with large optimization/forecasting models.
• Analyst II:
  • Bachelor's degree in engineering, finance, economics, operations research, mathematics, or business.
  • Five or more years of related work experience.

Preferred Qualifications

• Graduate work in mathematics, economics, operations research, or engineering.

Pay

• Analyst I: $84,900 – $120,566 per year
• Analyst II: $97,600 – $138,600 per year

The anticipated starting base pay for this position ranges from $84,900 to $138,600 per year.

Benefits

• Annual Incentive Program
• Medical, Pharmacy, Dental, and Vision Plans
• 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 and Long-term Disability
• 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) and Holidays
• Volunteer Paid Time Off (VPTO)
• Parental Leave

Benefit plans are subject to change, and Xcel Energy reserves the right to amend or end any plan at any time.