Principal Purchased Power Consultant

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 a team of Purchased Power team members responsible for the negotiation, renegotiation, and administration of long-term purchased power agreements and associated legal documents between Xcel Energy and qualifying facilities, Independent Power Producers, and utilities to meet native load and regulatory requirements while maximizing optionality and minimizing costs.

Essential Responsibilities

• Assist the Purchased Power Director with directing the execution of transactions, from simple to complex, within regulatory and business timeframes and that comply with contractual and regulatory commitments, comply with corporate codes of conduct, corporate risk and commodity management policies and Sarbanes-Oxley controls. Responsible for creatively addressing counterparty risk issues while maintaining a basket of protections for Xcel Energy.
• Direct and orchestrate the administration of the terms, conditions and performance of existing contracts. Establish and maintain contract administration systems including department contract management system and programming and processes to ensure calculation/verification of billing and payments, management of escrow accounts and security deposits, insurance, notifications, outage scheduling and other documents.
• Provide performance governance for facilities in Purchased Power portfolio across the operating companies. Identify key opportunities and risks in long-term agreements and lead the development of analysis and strategy to maximize generation facilities while minimizing performance, company and customer risk. Direct the development of tools to monitor and measure facility performance to ensure terms of long-term agreements are met. Exercise rights and relief under the agreements when necessary.
• Manage due diligence efforts, including engineering, technical, air permitting, land-use, and financial aspects of potential new suppliers. Ensure that contract change is appropriately handled within the various codes of conduct and policies that govern long-term purchases, including bringing transactions for review by the Transaction Review Committee. Prepare and deliver testimony in support of regulatory filings.
• Manage internal and external efforts related to monitoring long-term contract terms and conditions to ensure counterparty compliance. Partner with Commercial Operations, Resource Planning, and Generation Modeling to evaluate and optimize existing resources under contract. Coordinate and monitor seasonal and annual testing requirements.

Minimum Requirements

• Bachelor's degree in engineering, finance, or equivalent.
• Master's degree preferred.
• Minimum of ten years utility or generating project development experience, with at least 6 years of experience in negotiating and administering contracts and/or working on legislative and regulatory issues.
• Strong analytical, organization, and communication skills are a must.

Preferred

• Large scale energy development experience (example: wind, solar, gas, and storage)
• Transactions such as purchase and sale agreements, purchased power agreements, development transfers, build/own transfers
• Contract writing and negotiating experience

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 recruiting@xcelenergy.com.

Non-Bargaining

The anticipated starting base pay for this position is: $122,000.00 to $173,933.33 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: 12/19/24

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

ACCESSIBILITY STATEMENT
Xcel Energy endeavors to make https://www.xcelenergy.com/ accessible to any and all users. If you would like to contact us regarding the accessibility of our website or need assistance completing the application process, please contact Xcel Energy Talent Acquisition at recruiting@xcelenergy.com. This contact information is for accommodation requests only and cannot be used to inquire about the status of applications.