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PG&E Senior Portfolio Management Analyst - San Francisco, CA in San Francisco, California

Requisition ID # 31827

Job Category : Accounting / Finance

Job Level : Individual Contributor

Business Unit: Strategy & Policy

Job Location : San Francisco

Department Overview

The Portfolio Management group is part of the Energy Portfolio Procurement & Policy department (EPP&P) within Pacific Gas and Electric Company’s (PG&E) Energy Policy and Procurement organization. Portfolio Management is primarily responsible for managing PG&E's wholesale electric portfolio in order to meet PG&E's electric load obligations in a reliable, economic manner. This responsibility includes: (1) determining the Company's long-, intermediate-, short-term Resource Adequacy (RA) capacity, Energy, Renewable Portfolio Standard (RPS), Congestion Revenue Rights (CRR) and Greenhouse Gas (GHG) compliance product needs; (2) developing strategies to meet those needs; (3) amending, modifying, and terminating agreements as necessary to maintain PG&E's electric portfolio; (4) complying with sales/procurement, including Low Carbon Fuel Standard (LCFS) credit sales and reporting requirements; and (5) 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.

Position Summary

The Senior Analyst position in Portfolio Management is anticipated to perform portfolio analysis associated with managing PG&E’s commercial activities involving RA, RPS, energy, CRR, GHG, and LCFS procurement and support various compliance reporting obligations to the CPUC, CEC, CARB, and CAISO. This position is expected to collaborate with internal and external stakeholders to perform detailed analyses on one or more relevant compliance or procurement topics. Commercial activities must be managed to ensure that sales/procurement meets various regulatory requirements at reasonable costs. The position may be required to fulfill other duties as appropriate to any portion of the overall department.

Job Responsibilities

  • Ability to lead complex tasks such as development of forward electric position, development of procurement plans, or the evaluation of alternatives for mitigating PG&E’s risk exposure at the wholesale energy portfolio level

  • Completes critical compliance reporting efforts, including compliance filings for Resource Adequacy and Renewable Portfolio Standard

  • Contributor to Power Purchase Agreement development or Commission advice letter drafting

  • Creates, negotiates and prepares for execution the necessary agreements and documents associated with a transaction or trade

  • Support strategy development and execution in commercial activities

  • Drives continuous improvement processes

  • Leads the PG&E management and regulatory approval process for specific transactions.

  • Researches and communicates emerging regulatory or policy issues. Qualifications Minimum :

  • Bachelor’s Degree with coursework in a business-related field, mathematics, engineering; or equivalent field of study.

  • Requires a minimum of three years of relevant job experience

Desired :

Specific

  • Master’s Degree

  • Knowledge of wholesale energy markets, power/gas products (e.g., RA, Energy, GHG, CRR, LCFS), energy procurement contracts, energy trading, and regulations

  • Familiarity with supply and demand side electricity markets including nuclear, hydro, fossil, solar, wind, energy storage, QF/CHP, biomass, GHG emissions and offsets, energy efficiency, demand response, and/or distributed generation

  • Experience with any/all the following activities:

  • Perform cost, benefit, and risk analysis at the individual and the portfolio asset levels

  • Analyzing natural gas or electricity prices;

  • Developing analytics for optimizing operations in natural gas or electricity businesses;

  • Researching and applying quantitative techniquesin dealing with issues in natural gas or electricity businesses;

  • ISO/RTO/Balancing authority market issues;

  • Understanding of supply stack and loading order;

  • Electric Utility operations;

  • Market and credit risk management;

  • Utility revenue requirement and rate-making processes; or

  • Physical, financial and real options and derivatives

  • Ability to participate in bilateral negotiations with resources with potential value to PG&E’s customers

  • Ability to prioritize, perform, and articulate findings in written and verbal form to internal and external audiences

  • Interpret and explain the analytical results to technical and non-technical audiences using data visualization and effective communication techniques

  • Demonstrate subject matter expertise regarding the anticipation and resolution of complex issues involving senior management, cross-department interactions, and limited information

  • Self-directed, team player, with ability to drive to high quality results consistently and on a timely basis

  • Actively seek out ways to improve processes, systems, and/or procedures to help reduce errors and improve efficiency

  • Demonstrate knowledge of physical and financial gas and electric market fundamentals

  • Strong understanding of the regulatory environment in California including CPUC, CAISO, CARB, and CEC regulations

  • Advanced skill with MS Office Suite (i.e., Excel, Word, etc.)

  • Programming capability, particularly in Python or VBA

Pacific Gas and Electric Company is an AA/EEO employer that actively recruits and hires a diverse workforce.

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