Public Service Commission Regulatory Economist I & II

State of Maryland•Baltimore City, MD

16h

About The Position

Performs Analysis Performs analyses on proposed rates, tariff language, industry structure and other topics as needed. Results are presented verbally or as memoranda, bucksheet writeups, reports or testimony. Work products may support other Division activities as assigned. Work products may be filed with the Commission. All work products should be adequately supported by data and analysis. Responsibility for testimony requires the employee to serve as an expert witness, to be cross-examined, and to assist Staff attorneys in settlement discussions, hearing preparation, briefing and other aspects of litigation. Performs in Bucksheet Program Prepares bucksheet recommendations (e.g., utility filings, tariffs, applications for operating authority, other matters requiring Commission attention), in order to ensure that time commitments are achieved, high productivity and quality are maintained, by using division tools, and by tracking work content and errors. Advises on Policy Plans and develops economic and policy related analyses and responds to inquiries by the Commission, other divisions, and the outside public to ensure that these groups have sound technical and policy advice by conducting studies, writing and presenting testimony, writing advisory memoranda, letters, and cross examination questions as required. Serves as a Commission advisor as required. Depending on the Commission's need for policy advice during the performance evaluation cycle, bucksheet program duties may be increased or decreased by substitution. Working Groups: Participates in or supports other division members' participation in working groups that may include other Staff members and representatives of utilities and other parties on matters related to energy competition, tariff provisions, utility restructuring and other subjects. Monitors Regulatory Events Monitors changes in the in the regulatory environment to ensure that the Commission is informed of policies which may affect the State by reading periodicals, regulatory rulings, and attending conferences, Performs Miscellaneous Duties Supports the director by performing miscellaneous duties as required to ensure that the division is managed in an efficient, high quality and courteous manner. These duties include, but are not limited to, responding to inquiries from consultants and providers, responding to surveys from industry groups and working on complaint resolutions.

Requirements

Public Service Commission Regulatory Economist I Experience: Four years of experience performing utility, energy policy, economic or econometrically based analysis.
Candidates may substitute the possession of a Bachelor's degree in Economics, Engineering, Business, Finance, Accounting, Statistics or Mathematics from an accredited college or university for the required experience.
Candidates may substitute U.S. Armed Forces military service experience as a commissioned officer in accounting classification or accounting specialty codes in the accounting and budget group field of work on a year-for-year basis for the required experience.
Public Service Commission Regulatory Economist II Experience: Five years of performing utility, energy policy, economic or econometrically-based analysis, including one year of experience with a public service commission, consulting organization or regulated enterprise.
Candidates may substitute the possession of a Bachelor's degree in Economics, Engineering, Business, Finance, Accounting, Statistics or Mathematics from an accredited college or university and one year of experience with a public service commission, consulting organization or regulated enterprise performing utility, energy policy, economic or econometrically-based analysis for the required experience.
Candidates may substitute the possession of a Master's degree in Economics, Engineering, Business, Finance or a related discipline from an accredited college or university for the required experience.
Candidates may substitute U.S. Armed Forces military service experience as a commissioned officer in accounting classification or accounting specialty codes in the accounting and budget group field of work on a year-for- year basis for the required experience.
Employees in this classification may be assigned duties which require the operation of a motor vehicle. Employees assigned such duties will be required to possess a motor vehicle operator's license valid in the State of Maryland.

Nice To Haves

At least one (1) year of experience working for a utility regulatory commission for level I and two (2) years of experience for level II
At least one (1) year of experience writing on technical or business topics and two (2) years of experience for level II.
Experience using Microsoft Office suite.
Experience using Microsoft Excel to analyze data and perform calculations.
Demonstrated knowledge of methods of financial analysis including DCF and CAPM.
Coursework in econometric or financial analysis, electrical power engineering, applied mathematics, statistics, or related technical fields of study.

Responsibilities

Performs analyses on proposed rates, tariff language, industry structure and other topics as needed.
Prepares bucksheet recommendations
Develops economic and policy related analyses and responds to inquiries by the Commission, other divisions, and the outside public
Participates in or supports other division members' participation in working groups
Monitors changes in the in the regulatory environment
Supports the director by performing miscellaneous duties