Manager Planning & Analysis-Power Markets

Job Number: 446

External Description: Requisition ID:  63663 

Job Function/Category:  Power Markets 

Employment Type:  Exempt Full Time 

This is an exciting time to be joining PSEG. Our commitments, which include safety, integrity, customer focus, and diversity & inclusion, are the fabric of our culture and help drive the success of our business. We are fortunate to have an outstanding workforce of diverse and highly skilled talent who move us forward in our operational excellence journey.  PSEG has more than 12,000 employees who are dedicated to the communities we serve and embody our vision: People providing Safe, Reliable, Economic and Greener Energy. Job Summary

The primary purpose of the position is to develop, interpret and manage PSEG Long Island's-long term resource portfolio financial modeling efforts and presenting those results, including associated recommendations, to senior management of PSEG LI, LIPA and other stakeholders. This entails, among other activities, ensuring that the Company consistently, appropriately, and accurately develops and maintains annual and 5-year and 20-year resource related operating budgets, establishes supporting plans, and monitors ongoing performance. Effective execution of these tasks requires a keen understanding of power supply planning including the recognition and incorporation of local, state and federal policy objectives and mandates, Independent System Operator (ISO) energy and capacity markets, Purchase Power Agreements (PPA) contract terms and conditions, energy efficiency programs, new market initiatives, rate design and cost allocation and hedging strategies. This position drives the design, preparation and monitoring of that portion of LIPA's operating budget associated with all power supply related costs, which, in aggregate, represent over 50% of LIPA's annual revenue. Additionally, a critical purpose of the position is to maintain open and regular communication with LIPA and PSEG Long Island executive management, as well as with representatives of state agencies and other external entities, regarding planning and policy related matters. The person in this position also prepares and sponsors power supply related testimony in various proceedings including rate cases.

Job Responsibilities

•Responsible for the overall development of LIPA annual operating budget for all power supply related costs as well as 5 and 20 year projections. •Regularly lead groups of various Power Markets and other Company staff to understand, analyze, and develop Company positions regarding capital investment, O&M expenditures, customer rates, and public policy issues. Examples of such efforts include development of an Integrated Resource Plan (IRP), studies conducted in response to regulatory or legislative mandates, or analyses in support of legal or regulatory proceedings. •Responsible for managing and accurately calculating the monthly Power Supply Charge (PSC) that underpins the collection of approximately $2 billion in annual revenue as well as the 6 and12 month rolling average PSC values used in the balanced billing program. Accurate calculation is critical in order to ensure the timely recovery of costs while minimizing month to month fluctuations in customer bills due to changes in the PSC, which is a direct driver of customer satisfaction metrics. •Conduct special studies/analyses when requested. Examples include: repowering certain PSA generating units; NYS Clean Energy Standard; NYSERDA's off-shore wind initiative, and responses to RFP's. •Interacts with senior PSEG management to present information on the financial implications of resource plans, the impact of the power supply charge on customers' bills, and LIPA's operating budget. Provides supporting information and expertise to LIPA's leadership. Responds to inquiries and interrogatories from federal and state agencies and external management auditing firms and provides expert testimony and knowledge of LIPA's business plan. •Works across multiple disciplines to understand overall business impacts to LIPA's budget. Regularly meets with PSEG Long Island business leads in finance, planning, strategy, generation, transmission, operations, customer service, rates, and legal to understand and/or explain how contracts/plans affect customer charges and power supply. Develops and maintains models and supplementary analytical work in support of decisions pertaining to strategic planning, contract disposition, and resource sourcing. •Evaluates existing contracts to ensure compliance; provide expert analysis as to whether a contract should be renewed or a plant retired and, if so, under what conditions; and, evaluate contract impacts on any current or future business including financial and/or environmental conditions. Understand implications of external influencers and how to address issues and concerns to balance the overall budget minimizing effects on customers' bills. Contracts include the Power Supply Agreement (PSA) with National Grid and various purchase power tolling agreements collectively totaling over 5,000 MW of capacity.

Job Specific Qualifications

Required Experience, Skills, and Knowledge:

• B.S./B.A. degree in engineering, mathematics, finance or economics.
• Minimum 10 years of related experience in the utility or power industries and/or regulatory agencies.
• Note: The job requires driving personal vehicle on occasion to company locations and off-site assignments and events, must possess a valid driver's license with a safe and satisfactory driver history.

Preferred Experience, Skills, and Knowledge :

• MBA with actual experience in one or more of the following areas: power plant operations; system operations; production cost modeling; integrated resource planning; regulatory oversight
• Master's degree in engineering, mathematics, finance, economics, or related field
• Knowledge of rate design and cost allocation principles is a plus.
• Experience in rate design and cost allocation is preferred
• Experience with forecasting and deferred accounting

Inquisitiveness and the ability and willingness to exercise independent judgment and initiative related to work assignments.
• Perform effectively in time-sensitive situations and meet deadlines; coordinate multiple projects and complex tasks simultaneously so that projects and reports are completed in a thorough, concise, timely and accurate manner.
• Solve complex problems, anticipate typical operational issues, identify potential or recurring problems, seek out and identify opportunities for improvements, and take appropriate action.
• Make sound, proper, and prompt decisions and recommendations on a variety of routine and non-routine matters.
• Strong and effective communication skills. Communicate logically, clearly and concisely, both orally and in writing and follow both oral and written instructions to stakeholders.
• Ability to work as a team player and strive to deliver excellent customer services to both internal and external clients.
• Possess the ability to lead cross functional teams comprised of personnel at various levels within the organization.
• Proven leadership ability, demonstrated high level management skills in coaching and development of business skills.
• Demonstrated ability to develop and implement process enhancements and efficiencies.
• Excellent analytical, critical thinking and negotiation skills.
• Extensive knowledge of the power market industry, particularly aspects related to generation, transmission, distribution, and fuel supply, as well as understanding key energy industry issues, including opportunities, threats and trends.

Disclaimer

Certain positions at the Company may require you to have access to Part 810-Controlled Information. Under the law, the Company is limited in who it can share this information with and in certain circumstances it is necessary to obtain specific authorization before the Company can share this information. Accordingly, if the position does require access to this information, you must complete a 10 CFR Part 810 Export Control Compliance Nationality Request Form, a copy of which will be provided to you by Talent Acquisition if an offer is made. If there is a need for specific authorization, due to the time it takes to obtain authorization from the government, we will likely not be able to further proceed with an offer.As an employee of PSE&G or PSEG Long Island, you should be aware that during storm restoration efforts, you may be required to perform functions outside of your routine duties and on a schedule that may be different from normal operations.

This site ( http://www.pseg.com ) is strictly for candidates who are not currently PSEG employees. PSEG employees must apply for jobs internally through empower which can be accessed through the mypseg homepage by clicking on the employee center tab, then under the empower header, choose careers.

Business needs may cause PSEG to cancel or delay filling position at any time during the selection process.

Certain positions at the Company may require you to have access to Part 810-Controlled Information.  Under the law, the Company is limited in who it can share this information with and in certain circumstances it is necessary to obtain specific authorization before the Company can share this information.  Accordingly, if the position does require access to this information, you must complete a 10 CFR Part 810 Export Control Compliance Nationality Request Form, a copy of which will be provided to you by Talent Acquisition if an offer is made.  If there is a need for specific authorization, due to the time it takes to obtain authorization from the government, we will likely not be able to further proceed with an offer.

Public Service Enterprise Group (PSEG) is an equal opportunity employer, dedicated to a policy of non-discrimination in employment, including the hiring process, based on any legal protected characteristic. Legally protected characteristics included, race, color, religion, national origin, sex, age, marital status, sexual orientation, disability, or veteran status or any other characteristic protected by federal, state, or local law in locations where PSEG employs individuals.

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Nearest Major Market: Long Island
Nearest Secondary Market: New York City
Job Segment: Engineer, Law, Compliance, Supply, Power Plant Operator, Engineering, Legal, Operations, Energy

Job Number: 63663

Community / Marketing Title: Manager Planning & Analysis-Power Markets

Location_formattedLocationLong: Uniondale, New York US