Principal Analyst - Central (Power) Procurement Entity

PG&E • Oakland, CA

346d • $136,000 - $232,000 • Hybrid

About The Position

The Energy Policy and Procurement (EPP) organization procures energy-related products and manages PG&E's policy activities for energy proceedings, actively participating in regulatory and legislative proceedings that shape the design and implementation of state, regional, and federal energy regulations and policy. In addition, EPP is responsible for long-term planning, risk management, and compliance functions related to PG&E's energy portfolio. The Central (Power) Procurement Entity (CPE) team is responsible for the procurement of wholesale energy and capacity products to support local reliability of California's electric grid on behalf of the company's electric distribution customers. The CPE team structures, negotiates and manages various procurement solicitations and power purchase contracts for a wide variety of resource technologies, including renewable energy, energy storage and distributed energy resources to help California meet its energy policy objectives at minimum cost.

Requirements

• Bachelor's Degree with coursework in a business-related field, mathematics, engineering, or equivalent field of study; or equivalent experience.
• Eight years of relevant work experience, with a strong preference for experience in wholesale energy and capacity markets.

Nice To Haves

• MBA or Master's degree in related field.
• Ten years of work experience in the wholesale supply side, development side, or strategy/policy side of the energy industry.
• Knowledge of the procurement needs for the Company's wholesale energy portfolio, the impacts of, the Company's competitive position, and rules and regulations that impact procurement.
• Understanding of the meaning and rationale of PG&E contract provisions, typical counterparty concerns, and the impact of specific contract language.
• Ability to negotiate between stakeholders to reach an agreement.
• Ability to lead and develop new procurement products and contract documents.
• Ability to influence key decision makers.
• Ability to manage cross functional projects and initiatives.
• Ability to analyze complex problems and recommend solutions despite incomplete information and limited time.
• Ability to maintain a work environment that fosters teamwork, information and experience sharing, constructive communication and professional and individual development.
• Excellent project management skills.
• Excellent communication skills - interpersonal, written and presentation, including experience and ability to deliver executive level briefings - taking complex concepts and describing them thoroughly and succinctly.
• Competency in maneuvering comfortably through complex policy, process, and people-related organizational dynamics.
• Knowledge and experience with California's wholesale energy and capacity (resource adequacy) markets.
• Knowledge of renewable generation, conventional generation, natural gas fired generation, and/or energy storage contracts.
• Knowledge of renewable energy project finance, including typical financing structures.
• Knowledge of utility ratemaking, cost recovery and other regulatory matters.
• Understanding of energy markets (fossil, renewable, energy storage, etc.) including commercial aspects, policy aspects, and the role/business model of a utility.
• Understanding of Western Energy and CAISO market rules, energy products and compliance obligations.
• Willingness to work in an office environment.

Responsibilities

• Originate highly structured power purchase agreements (capacity contracts) by leading the preparation, launch, execution, and successful completion of annual solicitations.
• Develop, lead, and manage negotiations for a variety of wholesale power procurement activities, including for energy and capacity products from, but not limited to, renewable, energy storage, natural gas generation, biomass and distributed energy resources.
• Manage and structure the power procurement solicitation process, including the implementation of systems and procedures, management of internal coordination and governance, coordination of external outreach to key stakeholders and market participants, and preparation of regulatory filings.
• Evaluate highly structured power procurement contracts, summarize and effectively communicate relevant deal points for senior management.
• Evaluate offers resulting from solicitations and bilateral negotiations, lead counter-offer preparation, prepare analysis of offers, and manage overall procurement.
• Prepare applications/filings, testimony, forecasting materials, exhibits, models, work papers, or discovery on issues of high complexity.
• Prepare strategy papers, deliver presentations to external stakeholders and regulatory agencies, and serve as expert witness for PG&E's request at CPUC, CEC or FERC, and manage relationship with the Independent Evaluator.
• Lead the identification, development, implementation, and resolution of issues associated with complex, cross-functional strategy and policy matters.
• Build and maintain strong relationships with new and existing entities in the market area of focus.

Benefits

• Discretionary incentive compensation programs.

What This Job Offers

• Career Level: Manager
• Industry: Utilities
• Education Level: Bachelor's degree
• Number of Employees: 5,001-10,000 employees