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Associate Generation Model Analyst Job

Location(s): CO - Denver; MN - Minneapolis; WI - Eau Claire


Are you looking for an exciting job where you can put your skills, talents and education to work at a company you can feel proud to be a part of? Do you want a workplace that will challenge you and offer you opportunities to learn and grow?  A professional position at Xcel Energy could be just what you’re looking for.



Prepare and perform budget to meet corporate requirements. Prepare and perform production cost studies of the Company’s portfolios. Prepare production cost forecasts to support regulatory filings and financial planning. 


Essential Responsibilities

•    Responsible for the maintenance of all necessary data needed to prepare cost forecasts and resource analyses. Ensure power systems are accurately modeled in terms of fuel costs, production capability (heat rates, capacity, O&M, etc.) and contract terms.
•    Work on developing production budget by incorporating multiple inputs such as forced outage rates, fuel costs, heat rates, capacity upgrades, demand side management, capacity purchases, native demand and energy forecast, future RFP deals, native and non-native transactions, etc.
•    Prepare periodic forecasts of portfolio costs, incremental and decremental costs, for seasonal analyses by working closely with Analysts from other business units.
•    Prepare production cost forecasts to support regulatory filings and financial planning.
•    Prepare production cost studies of the Company’s portfolios.



•    Bachelor's of Science or Bachelor of Arts degree in engineering, mathematics, physics, quantitative analysis, business or a related discipline, or equivalent experience (two years professional related experience equivalent to one year of college), plus 3 years equivalent Electric Utility experience.


•    Modeling experience using production cost software such as PLEXOS, PROMOD or Aurora
•    Programing experience using one or more of the following; Mathematica, Python, .Net, MATLAB, R, Julia, or SQL






As a leading combination electricity and natural gas energy company, Xcel Energy offers a comprehensive portfolio of energy-related products and services to 3.4 million electricity and 1.9 million natural gas customers across eight Western and Midwestern states. At Xcel Energy, we strive to be the preferred and trusted provider of the energy our customers need. If you’re ready to be a part of something big, we invite you to join our team.


Posting Notes:  CO - Denver || CO - Denver; MN - Minneapolis; WI - Eau Claire || United States (US) || CFO Organization || 25290:Generation Modeling Svcs || Full-Time || Non-Bargaining ||

The anticipated starting base pay for this position is: $72,100 to $102,433 per year

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Requisition Number: 34705

Equal Opportunity Employer: Minority/Female/Disability/Veteran

Individuals with a disability who need an accommodation to apply please contact us at

EEO is the Law | EEO is the Law Supplement | Pay Transparency Nondiscrimination | Equal Opportunity Policy (PDF) | Employee Rights (PDF)

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Nearest Major Market: Denver

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