Regulatory Analyst, Sr (Transmission Pricing & Rates)

ITC Holdings•Novi, MI

About The Position

JOB SUMMARY The Senior Regulatory Analyst (Transmission Pricing & Rates) provides business analysis support for calculation of the transmission revenue requirement, rate design and rate-setting processes. Monitors and participates in Regional Transmission Organization (RTO) and regulatory proceedings and settlement negotiations; uses ratemaking expertise to advocate and support transmission pricing policies. ESSENTIAL DUTIES & RESPONSIBILITIES Supports pricing, ratemaking and tariff development efforts by performing research, creating proposals, and advocating before stakeholders and regulatory bodies to achieve company objectives. Becomes a subject matter expert on tariff rate design, revenue requirement component build-up, regulatory accounting, revenue distribution and regional revenue requirement recovery; provides guidance to the Accounting, Finance, and Legal groups on all transmission rate issues. Assists, as directed, with preparation of filings, true-up calculations and required tariff submissions to Regional Transmission Organizations (RTOs) for company subsidiaries and subsequent inquires on such filings. Verifies compliance with associated standards, including established submission timelines. Works with business units to formulate and communicate strategies in response to regulatory filings and orders impacting ITC's rates; researches, analyzes and interprets data and disseminates information on rates and the impact on the company. Supports the administration of current formula rate tariffs/templates; assists with training to support all functions within the Regulatory department. Participates in process development to ensure timely and accurate posting of formula rates, true-ups, and related disclosures and/or information requests, including protocol inquiries and challenges; works cooperatively with appropriate subject matter experts and keeps all informed of impending deadlines. Gains knowledge on tariff rate design, revenue requirement component build-up, regulatory accounting, revenue distribution and regional revenue requirement recovery; works with the Accounting, Finance, Legal groups on all transmission rate issues. Monitors federal transmission rate initiatives to stay informed; provides research, analysis and interpretation of regulatory filings concerning rates; reviews industry publications, participates in industry groups and conferences to stay informed. Develops reports to meet management requests for regulatory-related information. Perform economic analysis of regulatory alternatives including effects on rate base, income, cash flow, unit costs, financial accounting, and formula rates. Applies fixed charge rates for use in formula rates, contracts, and cost sharing agreements. Supports the company's compliance with all Federal Energy Regulatory Commission (FERC) rules and regulations, including the timely submission of reports and filings. Participates in meetings with regulators and/or other relevant stakeholders as needed. Supports the development and review of regulatory rate filings, drafting of testimony and briefs, and processing of discovery questions. Serve as case manager to lead administrative and strategic development efforts for regulatory filings with company personnel, consultants, outside counsel, and others as needed. Assists in delivering presentations to regulators and their staffs, stakeholders/customers, industry/trade associations, consumer groups and other utility professionals.

Requirements

Bachelor's degree in Accounting, Finance, Business, Economics, Engineering, Political Science, Mathematics, or relevant, equivalent experience and/or education.
Minimum of five (5) years of experience as a Regulatory Analyst or similar responsibility.
Strong quantitative and analytical skills; ability to thoroughly research issues and analyze various types of information.
Ability to communicate effectively (both verbally and in writing) and establish rapport with colleagues, regulators, stakeholders/customers, and other individuals inside and outside the company.
Strong interpersonal skills including the ability to interact with internal and external legal counsel to respond to various regulatory issues and timelines that may inconvenience their normal work duties.
Ability to understand and interpret the effects of FERC along with various state utility commission rules and regulations on the company.
Ability to work in a constantly changing environment and capable of managing multiple projects and tasks and ensuring their timely completion.
Ability to work as part of a team.
Ability to travel for company business, including overnight stays (occasional, not regular travel).
Advanced knowledge of computer software applications such as Microsoft Word, Excel, Outlook, and PowerPoint.
Applicants must be authorized to work in the United States for any employer.
ITC does not sponsor employment visas, such as H-1B or TN visas.

Nice To Haves

Financial modeling experience and/or working knowledge of FERC USOA and GAAP accounting preferred.

Responsibilities

Supports pricing, ratemaking and tariff development efforts by performing research, creating proposals, and advocating before stakeholders and regulatory bodies to achieve company objectives.
Becomes a subject matter expert on tariff rate design, revenue requirement component build-up, regulatory accounting, revenue distribution and regional revenue requirement recovery; provides guidance to the Accounting, Finance, and Legal groups on all transmission rate issues.
Assists, as directed, with preparation of filings, true-up calculations and required tariff submissions to Regional Transmission Organizations (RTOs) for company subsidiaries and subsequent inquires on such filings.
Verifies compliance with associated standards, including established submission timelines.
Works with business units to formulate and communicate strategies in response to regulatory filings and orders impacting ITC's rates; researches, analyzes and interprets data and disseminates information on rates and the impact on the company.
Supports the administration of current formula rate tariffs/templates; assists with training to support all functions within the Regulatory department.
Participates in process development to ensure timely and accurate posting of formula rates, true-ups, and related disclosures and/or information requests, including protocol inquiries and challenges; works cooperatively with appropriate subject matter experts and keeps all informed of impending deadlines.
Gains knowledge on tariff rate design, revenue requirement component build-up, regulatory accounting, revenue distribution and regional revenue requirement recovery; works with the Accounting, Finance, Legal groups on all transmission rate issues.
Monitors federal transmission rate initiatives to stay informed; provides research, analysis and interpretation of regulatory filings concerning rates; reviews industry publications, participates in industry groups and conferences to stay informed.
Develops reports to meet management requests for regulatory-related information.
Perform economic analysis of regulatory alternatives including effects on rate base, income, cash flow, unit costs, financial accounting, and formula rates.
Applies fixed charge rates for use in formula rates, contracts, and cost sharing agreements.
Supports the company's compliance with all Federal Energy Regulatory Commission (FERC) rules and regulations, including the timely submission of reports and filings.
Participates in meetings with regulators and/or other relevant stakeholders as needed.
Supports the development and review of regulatory rate filings, drafting of testimony and briefs, and processing of discovery questions.
Serve as case manager to lead administrative and strategic development efforts for regulatory filings with company personnel, consultants, outside counsel, and others as needed.
Assists in delivering presentations to regulators and their staffs, stakeholders/customers, industry/trade associations, consumer groups and other utility professionals.