Resource Planning Analyst I or II or Senior

Xcel Energy•Minneapolis, MN

1d•$84,900 - $159,400•Onsite

About The Position

The Resource Planning Analyst I, II, and Senior roles involve developing, running, and maintaining long-range resource planning models for Xcel Energy's operating companies. The successful candidate will be placed at a level commensurate with their skills and experience. This position requires quantitative analysis of new generation resources, identifying system cost, environmental, and capital budget impacts for various generation alternatives. It also involves providing long-range estimates of power generation costs and market purchases, calculating revenue requirement streams for large capital investments, and applying stochastic analysis techniques to quantify risk associated with generation alternatives.

Requirements

Bachelor's degree in engineering, finance, economics, operations research, mathematics, or business.
Two years of energy industry experience or equivalent experience working with large optimization/forecasting models (for Analyst I).
Five or more years related work experience (for Analyst II).
At least eight years utility experience in functions such as plant engineering or operations, forecasting, rates, load research, or similar (for Senior Analyst).
At least three years modeling experience with expansion or production simulation models (for Senior Analyst).
Extensive system knowledge of at least one of the larger Xcel Energy utilities (for Senior Analyst).

Nice To Haves

Graduate work in finance, economics, operations research, or decision analysis.
Experience running capacity expansion modeling in EnCompass, PLEXOS, Aurora, EGEAS, or equivalent.

Responsibilities

Develop, run, and maintain long-range resource planning models, ensuring accuracy of input assumptions and verifying simulation/optimization functionality.
Produce comprehensive quantitative analysis for executives and regulatory filings, including energy production, emission, and capital budget forecasts.
Implement stochastic (Monte Carlo) simulations to identify total system costs variance around various generation alternatives.
Interface with various Xcel groups (Forecasting, Risk Management, Trading, etc.) to incorporate short-term and long-range considerations into optimal resource plans.
Ensure accuracy and currency of expansion plan and production cost modeling in conjunction with Risk Management.
Research new techniques in quantitative optimization for application to resource planning analysis.
Maintain working knowledge of emerging generation technology.
Follow developments in major federal and state policies affecting the company's resource plan.