ITC Holdings Regulatory Analyst in Novi, Michigan
Location: MI - Novi
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.
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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