Job Description

Are you looking for an exciting job where you can put your skills and talents 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  position at Xcel Energy could be just what you’re looking for.

Position Summary
Lead the development of effective strategies for the optimization of Xcel Energy's generation assets. Analyzes, models, develops, and presents operational opportunities and financial perspectives for Xcel Energy's generation assets to create value for our customers and shareholders.

Essential Responsibilities

  • Create, execute, and lead strategic and economic analyses that generate recommendations on investment, operational and market strategy, and strategic growth for the generation portfolio. Develop strategy to integrate generation assets into Xcel Energy's long-term planning that is aligned with company, regulatory, and public policy goals. Provide analyses and strategies that identify opportunities to increase revenue streams, create new revenue streams, deliver cost reduction strategies, or mitigate risks for the generation assets. Develop plant life-cycle analyses as well as new/emerging technology analytics. Work in cross-functional teams to integrate innovation into the generation portfolio. Leverage generation asset economic models to determine the Company value of plant investments for operation businesses (Generation, Chilled Water, Thermal, etc.)

  • Serve as a strategic advisor to Operations and Xcel Energy executive leadership on financial and operational characteristics of generation assets and strategies. Interface with Operations, Commercial Operations, Resource Planning, Finance, Corporate Development, Regulatory, and others to quantify the risk profile and identify strategies to increase the value of the energy generating fleet. Provide industry perspective and make recommendations which impact the strategic direction taken with the generation assets.

  • Provide project management support for strategic initiatives related to the generation portfolio, providing financial and operational impacts to the unit, fleet and Company basis. Develop and provide discovery responses and/or written testimony in support of regulatory proceedings.

  • Support various cost modeling tools by providing accurate generating asset data and analysis for utilization in modeling tools to ensure Operation assets are correctly evaluated and represented in Company-wide analysis. Drive change through continuously improving production cost modeling and asset market offers.

  • Mentor and guide Sr. Asset Analyst(s). Serve as a resource for various organizations in the areas of modeling, decision analysis, regulatory issues, industry acumen, and system knowledge. Is responsible for the most difficult analytical assignments.

Principal Consultant Minimum Requirements 

Salary: $105,600 to $150,000

  • Bachelor's degree in business, finance, mathematics, economics, or accounting.

  • Engineering or technical degree acceptable with advanced degree in finance or related field.

  • 8 years of financial modeling experience in a utility or similar industry.

  • Strong business/financial acumen paired with an ability to communicate complex concepts in succinct, clear manner in written formats and presentations.

  • Detail-oriented, self-starter with the ability to work independently and in groups.

  • Must effectively manage workload to meet deadlines.

Principal Analyst Minimum Requirements

Salary: $92,300 to $130,567

  • Bachelor's degree in finance, mathematics, statistics, economics, accounting or related business field.

  • Engineering or technical degree acceptable with graduate work in finance.

  • At least 4 years of overall utility industry experience with financial modeling.

  • Strong financial acumen regarding financial analysis and metrics. Able to manage workload under deadlines.

  • A working knowledge of power plant operations is desirable.

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.

All qualified applicants will receive consideration for employment without regard to age, race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

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


The anticipated starting base pay for this position is: $105,600.00 to $150,000.00 per year

This position is eligible for the following benefits: Annual Incentive Program, Medical/Pharmacy Plan, Dental, Vision, Life Insurance, Dependent Care Reimbursement Account, Health Care Reimbursement Account, Health Savings Account (HSA) (if enrolled in eligible health plan), Limited-Purpose FSA (if enrolled in eligible health plan and HSA), Transportation Reimbursement Account, Short-term disability (STD), Long-term disability (LTD), Employee Assistance Program (EAP), Fitness Center Reimbursement (if enrolled in eligible health plan), Tuition reimbursement, Transit programs, Employee recognition program, Pension, 401(k) plan, Paid time off (PTO), Holidays, Volunteer Paid Time Off (VPTO), Parental Leave

Benefit plans are subject to change and Xcel Energy has the right to end, suspend, or amend any of its plans, at any time, in whole or in part.

Deadline to Apply: 05/30/24

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Application Instructions

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