ITC Holdings Regulatory Analyst in Novi, Michigan

Regulatory Analyst

Location: MI - Novi

Department: Regulatory

Description

JOB SUMMARY

Provides business analysis support for calculation of the transmission revenue requirement, rate design and rate-setting processes. Monitors Regional Transmission Organization (RTO) and regulatory proceedings and settlement negotiations

ESSENTIAL DUTIES & RESPONSIBILITIES

  • 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 and Finance 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 other relevant discipline.

  • Minimum of two (2) years of experience as a Regulatory Analyst or similar responsibility required.

  • Strong quantitative and analytical skills; ability to thoroughly research issues and analyze various types of information.

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

  • 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.

ITC Holdings is an equal opportunity/affirmative action employer and has a strong institutional commitment

to diversity. Females, minorities, individuals with disabilities, and veterans are encouraged to apply.

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