Senior Structured Energy Transactions Analyst

Location

Oakland, CA | United States

Job description

Requisition ID # 155639 

Job Category: Business Operations / Strategy 

Job Level: Individual Contributor

Business Unit: Energy Policy & Procurement

Work Type: Hybrid

Job Location: Oakland

Department Overview

The Energy Policy and Procurement (EPP) organization procures energy-related products and manages PG&E’s policy activities for energy proceedings, actively participating in regulatory and legislative proceedings that shape the design and implementation of state, regional, and federal energy regulations and policy. In addition, EPP is responsible for long-term planning, risk management, and compliance functions related to PG&E’s energy portfolio.

The Structured Energy Transactions (SET) Department is responsible for structuring, negotiating, and managing the procurement and the solicitation processes for PG&E’s wholesale electric portfolio structured energy transactions. SET is responsible for an extraordinary range of agreements- from procuring for storage, solar, biomass, geothermal, wind, and more and must execute these duties in a way that is fair to the market and protects our customer’s interests. We are executing the transactions to help the state meet its reliability, greenhouse, and other policy goals. To do this, SET must have a deep understanding of our policy and procurement landscape, implement rigorous processes to run solicitations, learn the marketplace, and dive deeply into quantitative and contract details to achieve commercial excellence.

The Energy Transactions & Solicitations team is responsible for procuring the Company’s wholesale power purchase contracts through competitive solicitations or mandated programs. The team manages procurement of renewable energy and energy storage resources, which includes, but is not limited, to procurement for the following PG&E programs: Distribution Investment Deferral Framework (DIDF), Disadvantaged Communities ("DAC"), Green Tariff Shared Renewables(GTSR) – Solar Choice and Regional Renewable Choice, System Reliability, Bioenergy Market Adjusting Tariff (BioMAT), Renewable Market Adjusting Tariff (ReMAT), Public Utility Regulatory Policies Act (PURPA), Energy Storage, Renewable Portfolio Standard (RPS), RPS Energy (REC) Sales, Voluntary Allocation and Market Offer (VAMO), Mid-term Reliability procurement, IRP-related procurement, etc. Additionally, this team leads on the development of PG&E’s Renewables Portfolio Standard (RPS) procurement/sales strategy.

Position Summary

As a key contributor to the Energy Transactions & Solicitations group, this individual will actively participate in strategy development and analysis to shape the formulation and execution of the company's strategy to procure/sell renewable (RPS) energy.

This position is hybrid, working from your remote office and your assigned work location based on business need. The preferred work location is Oakland, CA. 

PG&E is providing the salary range that the company in good faith believes it might pay for this position at the time of the job posting. This compensation range is specific to the locality of the job. The actual salary paid to an individual will be based on multiple factors, including, but not limited to, specific skills, education, licenses or certifications, experience, market value, geographic location, and internal equity. This job is also eligible to participate in PG&E’s discretionary incentive compensation programs. 

A reasonable salary range is:​

Bay Area Minimum: $109,000.00

Bay Area Maximum: $175,000.00

Job Responsibilities

• Analyze and present information to support the development of a robust renewable resource commercial strategy
• Manage solicitations and commercial transactions for PG&E RPS sales and/or procurement, including: preparing RFOs, conducting negotiations, continually improving commercial process
• Develop knowledge of PG&E’s RPS position, renewables contracts and forecasts
• Conduct analyses of renewables portfolio and market data, understanding PG&E’s other portfolio positions, and understand/analyze other requirements that impact RPS and GHG-free positions
• May be called upon to prepare and provide technical and strategic analytical support on energy procurement strategy and planning matters on an as needed basis, and to deliver presentations to senior leadership and peers, as well as to external audiences
• Acts as a thought leader in the development of strategy or resolution of complex issues
• Analyze and develop strategy documents related to PG&E’s RPS portfolio

Qualifications

Minimum:

• Bachelor’s Degree with coursework in a business- related field, mathematics, engineering, or equivalent field of study; or equivalent experience
• Three years of relevant work experience

Desired:

• Master’s degree
• Two years of work experience in the wholesale supply side, development side, or strategy/policy side of the energy industry
• Knowledge of the procurement needs for the Company’s wholesale energy portfolio, the impacts of procurements, the company’s competitive position, and the rules and regulations that impact procurement
• Understanding of meaning and rationale of PG&E contract provisions; typical counterparty concerns; and the impacts of contract language
• Ability to lead negotiations and to develop new procurement products and contract documents
• Ability to present moderately complex data and findings to diverse audiences; to lead Company development activities and to represent Structured Energy Transactions in discussions of electric procurement issues
• Knowledge of organizational structures, decision making and governance procedures regarding commercial procurement
• Ability to influence key decision makers
• Ability to manage projects and initiatives
• Ability to analyze complex problems and recommend solutions despite incomplete information and limited time
• Ability to maintain a work environment that fosters teamwork, information and experience sharing, constructive communication and professional and individual development

• Demonstrated focus on quality, efficiency, and continuous improvement.
• Excellent communication skills – interpersonal, written and presentation, including experience and ability to deliver executive level briefings – taking complex concepts and describing them thoroughly and succinctly.
• Excellent project management skills.
• Demonstrated ability to work effectively in a team environment, be self-motivated, and be detail oriented.

Job tags

Salary