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Resource Planning Analyst I / II Job

Date: Jul 6, 2019

Location: MN - Minneapolis, US, 55401

Company: Xcel Energy

Location(s): CO - Denver; MN - Minneapolis


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.



Xcel Energy has an exciting opportunity for a Resource Planning Analyst I or Resource Planning Analyst II to join our team in Denver, Colorado or Minneapolis, MN.


The successful candidate will be placed in this job family based on their qualifications. The description below reflects the responsibilities for the Resource Planning Analyst I. Higher levels within this job family may have additional responsibilities.



Develop, run, and maintain long range resource planning models for Xcel Energy's three operating companies. Prepare quantitative analysis new generation resources, identifying system cost, environmental, and capital budget impacts for various generation alternatives. Provide long range estimates of power generation costs and market purchases. Calculate revenue requirement streams for large capital investments. Apply stochastic analysis techniques to quantify the risk associated with particular generation alternatives.
  • Develop/run/maintain long range resource planning model. Ensure accuracy of model input assumptions and verify that simulations and optimizations are functioning correctly.
  • Produce comprehensive quantitative analysis for executives and regulatory filings. Analysis includes energy production, emission, and capital budget forecasts.
  • Implement stochastic (Monte Carlo) simulations around areas of significant uncertainty to identify total system costs variance around various generation alternatives.
  • Interface and work with Forecasting, Risk Management, Trading, Gas Supply, Coal Supply, Transmission Operations and other Xcel groups to incorporate short-term and long-range considerations into the optimal resource plans, including transmission constraints, growth forecasts, fuel and electricity market price risks, etc.
  • In conjunction with Risk Management, ensure that the expansion plan and production cost modeling of the utility power systems is accurate and current in terms of fuel costs, production capability (heat rates, capacity, starting and variable operating cost, etc.), contract terms (scheduling flexibility, constraints, availability, etc.).
  • Research new techniques in quantitative optimization for application to resource planning analysis.
  • Maintain working knowledge of emerging generation technology with the potential for future inclusion in the company's generation portfolio.
  • Follow developments in major federal and state policies that affect the company's resource plan (i.e. emission regulations and renewable energy standards.
  • Bachelor's degree in engineering, finance, economics, operations research, mathematics, business (2 years professional experience related experience equivalent to one year of college)
  • 2 years of energy industry experience or equivalent experience working with large optimization / forecasting models
  • Graduate work in finance, economics, operations research or decision analysis





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:  MN - Minneapolis || CO - Denver; MN - Minneapolis || United States (US) || Utilities Group || 25410:Resource Planning || Full-Time || Non-Bargaining ||

Requisition Number: 18436

Equal Opportunity Employer: Minority/Female/Disability/Veteran

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

Nearest Major Market: Minneapolis

Job Segment: Strategic Planning, Engineer, Risk Management, Law, Strategy, Engineering, Finance, Legal, Energy