Associate Portfolio Manager - Power Purchase

Xcel Energy•Denver, CO

1d•Hybrid

About The Position

Under the general supervision of Power Purchase (PP) team members and/or PP leadership, this role will coordinate, negotiate, and manage power purchase agreements (PPA's) to minimize Company's costs and optimize the power supply portfolio. The position requires demonstrating basic power purchase contract management knowledge and skills, providing assistance to PP team members in the negotiation and administration of long-term PPA's and associated documents. It also involves utilizing knowledge and experience to meet regulatory requirements in each jurisdiction associated with resource planning, regulatory reviews, rate cases, and approval of PPA's, as well as in the administration of PPA's. Xcel Energy supports a hybrid work model, with many roles expected to work onsite three days per week (Tuesday–Thursday), though expectations vary by role, team, and business needs.

Requirements

Bachelor's degree in engineering, business, economics, finance or similar.
Experience in energy industry including procurement, energy trading, energy dispatch/scheduling, transaction origination, working on regulatory issues, or negotiating and administering contracts preferred.
Strong interpersonal, analytical, organizational, and communication skills required.

Nice To Haves

Previous experience in system operations, regulatory affairs, contract law or system planning is a plus.

Responsibilities

In accordance with applicable company practices and policies, negotiate PPAs, guidance and assistance from other PP team members and legal counsel to ensure effective risk mitigation.
Negotiate contracts and contract changes commensurate with experience and demonstrated competence under the guidance of a higher level PP Consultants or PP leadership.
Administer and manage all aspects of PPA's.
Ensure proper calculation/verification and distribution of billing and payments, security deposits, insurance, notifications, outage scheduling and maintenance periods, and performance monitoring, including various ancillary contractual documents and obligations.
Analyze proposals and contracts and prepare summaries based on analysis, with attention to the financial and business risks of the proposed effort; participate in team meetings; prepare and analyze terms, conditions, and assumptions.
Review complex pricing proposals and contracts for accuracy and consistency.
Identify opportunities to develop and implement creative solutions to contract issues and disputes.
Utilize and apply increasing knowledge level of contract negotiation and administration principles, practices, and techniques.
Research contract language and seek guidance on complex terms and conditions from PP team members or PP leadership.
Coordinate with other Company departments as applicable to ensure that appropriate Company reviews are conducted of new contracts, issues, disputes, and other matters and that required applicable approval signatures are obtained before execution of contractual documents.
Act as the primary Company point of contact for all contractual matters on assigned contracts.
Draft, prepare, and execute certain internal and external correspondence on contractual matters.