Rates Analyst - Revenue Requirements

Consumers Energy•Jackson, MI

58d•Hybrid

About The Position

Consumers Energy is Michigan's largest energy provider, providing natural gas and/or electricity to 6.8 million of the state's 10 million residents in all 68 Lower Peninsula counties. Consumers Energy knows job number one is to keep the lights on for customers. We are committed to delivering reliable, clean, and affordable energy to our customers 24/7. The Rates Analyst is responsible for monitoring and assessing service rates, calculating cost-of-service, and conducting various analyses. Additionally, this role is responsible for developing and maintaining an analysis of utility rate filings for both gas and electric utilities. The incumbent is expected to review utility filings with public utility commissions for requested changes to the rate base and rates for service.

Requirements

Understanding and experience with ratemaking concepts, including revenue requirements, cost of service, rate of return, and regulatory accounting principles.
Ability to summarize legal documents.
Analytical and problem-solving skills.
Knowledge of accounting and finance principles.
Verbal and written communication skills.
Experience with Excel and PowerPoint.
Experience and proficiency in MS Word.
Bachelor's degree in accounting with two (2) or more years of experience with rate analyses.

Responsibilities

Responsible for the preparation of exhibits, studies, schedules, and workpapers and related written testimony for general rate case applications filed with the Michigan Public Service Commission (MPSC).
Willingness to serve as a Company expert in general rate cases and various other proceedings before the Michigan Public Service Commission (MPSC).
Assist in ensuring the Company's regulated utilities receive timely and adequate cost recovery by developing ratemaking proposals and recommendations that support the Company's position.
Monitor public utility commissions for changes in regulatory policies and procedures that may impact on utility rate case filings managed by the analyst.
Support other departments, including IT, in preparing for policy and tariff changes by drafting RFS and procedure manuals.
Conduct electric marginal and embedded cost of service studies, including all necessary special studies.
Develop internal communications for customers regarding proposed tariff changes.
Complete technical and cost analyses are required for the development and regulatory approval of electric rates and other tariff provisions.
Update rate case exhibits and assist with preparing testimony related to the Cost-of-Service Study and Rate Design.
Track key metrics on utility rate filings, including docket numbers, authorized return on equity, capital structure, requested and approved rate base, and changes in anticipated customer rates.
Perform other duties as assigned or required.