Pacific Gas & Electric Company Expert Portfolio Management Analyst - San Francisco, CA in San Francisco, California
Requisition ID # 15190
Job Category : Energy Services / Trading
Job Level : Individual Contributor
Business Unit: Strategy and Policy
Job Location : San Francisco
Based in San Francisco, Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is one of the largest combined natural gas and electric utilities in the United States.And we deliver some of the nation's cleanest energy to our customers in Northern and Central California. For PG&E, Together, Building a Better California is not just a slogan.It's the very core of our mission and the scale by which we measure our success. We know that the nearly 16 million people who do business with our company count on our more than 24,000 employees for far more than the delivery of utility services.They, along with every citizen of the state we call home, also expect PG&E to help improve their quality of life, the economic vitality of their communities, and the prospect for a better future fueled by clean, safe, reliable and affordable energy.
Pacific Gas and Electric Company is an Affirmative Action and Equal Employment Opportunity employer that actively pursues and hires a diverse workforce. All qualified applicants will receive consideration for employment without regard to race, color,national origin, ancestry, sex, age, religion, physical or mental disability status, medical condition, protected veteran status, marital status, pregnancy, sexual orientation, gender, gender identity, gender expression, genetic informationor any other factor that is not related to the job.
The Portfolio Management group is primarily responsible for managing PG&E's wholesale power portfolio in order to meet the Company's electric load obligations in a reliable and economic manner. This responsibility involves: (1) determining the Company's long-, intermediate-, short-term Resource Adequacy (RA) capacity, energy, Congestion Revenue Rights (CRR) and greenhouse gas (GHG) compliance product needs; (2) developing strategies to meet those needs; (3) transacting in the wholesale electric markets to execute those strategies; (4) amending, modifying, and terminating agreements as necessary to maintain PG&E's power portfolio; (5) complying with sales/procurement, including Low Carbon Fuel Standard (LCFS) credit sales and reporting requirements; and (6) supporting the development of energy policy with the objective of implementing such policy at the least cost and ensuring compatibility with the supply/demand portfolio. All employees are responsible for performing their jobs in accordance with PG&E's vision and values and for conducting sales/procurement in accordance with PG&E's Risk Management Policy.
The Expert Analyst position in Portfolio Management is anticipated to support portfolio analysis associated with managing PG&E’s commercial activities involving RA, energy, GHG, and LCFS credit sales, and supporting various compliance reporting obligations to the CPUC and CAISO, such as the monthly or annual RA compliance showing. This position is expected to provide technical and commercial guidance regarding one or more relevant sales/procurement topics. Commercial activities must be managed to ensure that sales/procurement meets various regulatory requirements at reasonable costs. The position requires development of analyses that guide transaction recommendations, plans, or Portfolio Management processes from start to finish. The position may be required to fulfill other duties as appropriate to any portion of the overall department.
Develop, execute, and troubleshoot a variety of tasks related to wholesale power sales/procurement activities, including understanding of portfolio open positions, product related compliance requirements, and sales/procurement planning.
Interface with other teams in Portfolio Management and Energy Policy and Procurement (EPP) to guide capacity and energy position management.
Support development of tools or automation of internal processes to effectively manage procurement strategies or compliance requirements.
Effectively manage the sale of products managed by the department and disseminate updates to key stakeholders within EPP on evolving issues.
Research emerging regulatory and policy issues and effectively communicate complex ideas or technical information to diverse audiences.
Apply and guide others to apply understanding of Company goals and strategies; coach and mentor less experienced employees.
Proactively develop and document existing and new sales/procurement planning and compliance business processes.
Calculate portfolio open positions and design procurement planning strategies.
Maintain and enhance tools that track PG&E’s power and GHG position and collaborating on general GHG procurement strategies.
Advocating for changes to the regulatory environment and market structures through the regulatory proceedings of the California Public Utilities Commission, California Air Resources Board, and California Independent System Operator.
Participate in other elements of the ongoing work of the wider Portfolio Management team.
Bachelor’s Degree with coursework in a business-related field, mathematics, engineering; or equivalent field of study
Requires a minimum of five years of relevant job experience
Knowledge of the various components of wholesale energy portfolio, electric trading, or power purchase agreements
Ability to integrate industry knowledge into business practices and decision making
Experience in bilateral negotiations with any resource that potentially offers value to PG&E’s customers
Knowledge of RA, energy, GHG, and LCFS products and regulations
Knowledge of utility departments, business units and functions and how their roles interrelate with Portfolio Management
Actively seek out ways to improve processes, systems, and/or procedures to help reduce errors and improve efficiency
Ability to prioritize, plan, perform and clearly articulate points and findings in both written and verbal form to leadership teams
Ability to solve complex problems with little guidance and sometimes incomplete information
Ability to work with an independent mindset to drive resolutions, not requiring hands-on supervision for all tasks
Attention to details and understanding of key drivers affecting business results, sometimes with limited information/data
Self-directed, team player, focused on delivering high quality results consistently and on a timely basis
Excellent time management skills and ability to manage multiple projects