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Company Name:
Approximate Salary:
Not Specified
Location:
San Diego, California
Country:
United States
Industry:
Analyst - Financial
Position type:
Full Time
Experience level:
5+ years
Education level:
Bachelor's Degree

Principal Origination Analyst

At SDG&E, we are committed to the community we call home, delivering clean, safe and reliable energy to better the lives of the people we serve in San Diego and southern Orange counties. Our commitment means we are creating a sustainable future by providing almost 45 percent of its electricity from renewable sources; modernizing natural gas pipelines; accelerating the adoption of electric vehicles; supporting numerous non-profit partners; and, investing in innovative technologies to ensure safe and reliable operation of the region's infrastructure for generations to come.

Our highly trained and responsive employees with their diverse skills, talents and ideas are the reason we can deliver on our commitment and are building America's best energy company. They are also the reason why we have been recognized with the industry's most coveted awards. Our employees undertake challenging work, and receive highly competitive compensation and benefits. As one of the region's largest employers, we're always searching for talented and bright people to join our team. After all, it takes the best to build the best.

The Principal Origination Analyst is responsible for proactively and independently designing and assessing technical and financial models for evolving energy supply products and overseeing the modeling efforts of others in support of SDG&E's $1 billion-plus power procurement program. This includes ensuring that the highly-complex Least-Cost, Best-Fit (LCBF) methodology is implemented effectively to manage important risks associated with CPUC approval of SDG&E's energy procurement programs. The Principal Origination Analyst is also responsible for making a clear and effective case for the appropriateness of the modeling approach taken, the mechanics of the evaluation, and the results of the analysis to SDG&E internal management (including company officers) and to senior level CPUC officials (such as those in the Energy Division). The Principal Origination Analyst will be responsible for sworn testimony and will serve as the point person for procurement modeling issues in state regulatory proceedings. As the modeling subject matter expert, the Principal Origination Analyst will work closely with the Origination Analytics Director and Manager in the design of various power related Request for Offers (RFOs) needed to meet State mandates and the company's Long-Term Procurement Plan.

  • Design, assess, implement and review implementation of power-related technical and financial models used in the energy procurement process. This includes procurement of capacity (and/or resource adequacy), and energy for conventional resources such as peaking units and combined cycle units and for preferred resources such as renewables, demand response, energy efficiency, combined heat and power and energy storage, as well as other related products or services such as greenhouse gas offsets.
  • Independently conduct deliberate and ad-hoc analyses related to SDG&E's energy procurement and portfolio design activities in response to internal or external (including CPUC or other regulatory body) data requests and in support of other requirements (such as Procurement Review Group meetings).
  • Manages analytical support projects for groups within the department or company as requested. Consult with the Independent Evaluator, Resource Planning, Risk Management (and Energy Risk Management), Advanced Technology, Customer Programs and other groups as necessary to ensure that the analytical approach taken is well vetted and appropriate. Effectively communicate results and follow-up to ensure conclusions drawn by clients are appropriate and consistent with the analysis.
  • Collaborates with front office and settlements employees to ensure analytical approaches taken are consistent with external market developments (such as CAISO markets) and supportive of the other groups within Electric & Fuel Procurement.
  • Serves as the primary expert for technical analysis included in key regulatory filings (such as RPS Procurement Plans, RPS Compliance Reports, and applications or advice letter filings seeking approval of contracts).
  • Interpret Commission mandated procurement program requirements to effectively design and build models in support of portfolio management and management decision making.
  • Directs the RPS position model to ensure accurate delivery assumptions related to SDG&E's RPS contract portfolio (consisting of 60 renewable contracts) as well as utility owned RPS assets.
  • Provides expertise and mentorship while leading the preparation of Request for Offers (RFOs) seeking conventional and preferred energy related resources. This includes RFO document development, bidder's conference material preparation and offer sheet preparation among other activities.
  • Maintain effective communications with various Independent Evaluators (IEs) as they comment and report on SDG&E's energy procurement activities, thereby mitigating risks associated with CPUC approval.
  • Perform other duties as assigned.

Requirements

  • A bachelor's degree in a quantitative or business field such as Engineering, Accounting, Finance, Economics, Business Administration, or a related field is required. Additionally, a CPA, MBA and/or other professional certification or an advanced degree is desired.
  • Typically requires 8-10 years of relevant work experience.
  • An understanding of the CPUC regulatory process as it pertains to commodity procurement and a familiarity with various forms of power contracting (such as tolling agreements) is required.
  • Ability to perform complex analysis and modeling. Able to anticipate requirements and can develop sound analytical approaches to emerging industry challenges such as energy storage or the modeling of preferred resources.
  • Effective in communicating complex energy / LCBF analytical results to all levels inside and outside the company.
  • Strong interpersonal skills. Able to persuade and influence those with divergent views to achieve a consensus.
  • May be required to work extended hours and travel as required.

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