Resource Planning Analyst II or Senior

About the role

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.

Responsibilities

• Develop comprehensive plans to obtain or add new capacity and energy resources in the most cost-effective manner, tailored for each company and state within governing resource planning and acquisition rules.
• Interface with regulators, intervenors (including political and special interest groups), customers, and power suppliers to build consensus, support, and regulatory approval of optimal resource plans through testimony filings, negotiations, and presentations.
• Plan and perform expansion plan and production cost economic modeling of alternative supply plans and resources to develop optimal portfolios, incorporating scenarios and risks such as fuel prices, electric market prices, reliability criteria, environmental requirements, and technology development.
• Collaborate with Forecasting, Risk Management, Trading, Gas Supply, Coal Supply, Transmission Operations, and other Xcel groups to integrate short-term and long-range considerations into resource plans, including transmission constraints, growth forecasts, and fuel/electricity market price risks.
• Ensure, in conjunction with Risk Management, that expansion plan and production cost modeling of utility power systems is accurate and current regarding fuel costs, production capability (heat rates, capacity, starting and variable operating costs), and contract terms (scheduling flexibility, constraints, availability).
• Design and execute solicitations for new long-term capacity and energy resources. Evaluate offers using financial, economic, environmental, and other criteria via expansion and production cost models, decision analysis, and quantitative tools. Recommend best offers to senior executives for contract negotiation and execution.

Requirements

Minimum Requirements - Analyst II

• Bachelor’s degree in engineering, finance, economics, operations research, mathematics, or business.
• At least five years of utility experience in functions such as plant engineering or operations, forecasting, rates, load research, or similar roles that provide 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.
• Modeling experience in EnCompass, Plexos, or similar platforms; or nodal analysis tools such as PROMOD; or experience in electric and natural gas markets and price forecasting.
• Experience in generation project development, including origination, scoping, design, or execution.
• Strong proficiency in Excel and Python.

Minimum Requirements - Senior Analyst

• Bachelor’s degree in engineering, mathematics, economics, or quantitative analysis.
• At least eight years of utility experience in functions such as plant engineering or operations, forecasting, rates, load research, or similar roles that provide understanding of generation planning and system modeling techniques.
• At least three years of modeling experience with expansion or production simulation models.

Preferred Requirements - Senior Analyst

• Master’s degree in engineering, finance, economics, operations research, mathematics, or 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 experience in electric and natural gas markets and price forecasting.
• Experience in generation project development, including origination, scoping, design, or execution.
• Strong proficiency in Excel and Python.

Pay

Anticipated starting base pay:

• Analyst II: $97,600 – $138,600 per year
• Senior Analyst: $112,200 – $159,400 per year

Benefits

• Annual Incentive Program
• Medical/Pharmacy Plan
• Dental and 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 plans are subject to change, and Xcel Energy reserves the right to end, suspend, or amend any of its plans at any time.