Gas Portfolio Assessment Analyst

Company: Pacific Gas and Electric Company
Location: Oakland
Posted on: September 3, 2024

Job Description:

Requisition ID# 159602Job Category: Accounting / FinanceJob Level: Individual ContributorBusiness Unit: Engineering, Planning & StrategyWork Type: OnsiteJob Location: OaklandDepartment OverviewElectric Gas Supply (EGS) is responsible for managing the physical natural gas supply and financial gas price risk for PG&E's electric portfolio.EGS purchases the physical gas used to generate electricity in PG&E's Electric Portfolio.EGS negotiates and manages a diverse portfolio of gas supply arrangements across western North America, including interstate and intrastate pipeline capacity and gas storage. In addition, EGS develops the long-term plan for the portfolio, secures CPUC pre-approval of the plan, implements the plan through trading and scheduling operations, and seeks CPUC review and approval that all transactions complied with the plan. EGS develops and implements financial hedging strategies for PG&E's electric portfolio gas price risk. This financial portfolio includes physical generation and tolling agreements plus power purchase agreements with prices indexed to gas.EGS trades a variety of financial swaps and options in the over-the-counter and exchange markets. In addition, EGS develops a plan for electric portfolio gas hedging, secures CPUC pre-approval for that plan, implements the plan through trading operations, and seeks CPUC review and approval that all transactions complied with the plan. Position SummaryThe Gas Portfolio Assessment Analyst is responsible for supporting the physical and financial gas trading and regulatory compliance efforts of the EGS group.The Analyst:

• Supports the development of gas procurement and hedging plans with quantitative analysis.
• Develops reports and testimony in support of least-cost procurement and cost recovery.
• Develops tools, models and ad hoc analysis in support of gas procurement and hedging activities.
• Gathers, analyzes and communicates market and regulatory information.This position is hybrid, working from your remote office and your assigned work location based on business need. The work location is Oakland, CA. The expectation is to come into the office 0-4 days a week.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. Although we estimate the successful candidate hired into this role will be placed between the entry point and the middle of the range, the decision will be made on a case-by-case basis related to these factors. This job is also eligible to participate in PG&E's discretionary incentive compensation programs.A reasonable salary range is:Bay Area Minimum: $90,000Bay Area Maximum: $136,000Responsibilities:
  • Planning (long-term and short-term): Conduct analysis in support of Long-term, seasonal and other gas supply plans and strategies. Assist writing testimony and responding to a variety of procurement-related data requests. Develop presentation packages and present portions of the package at planning meetings. Complete documentation and work papers in support of plan. Follow market news and regulatory proceedings to keep the group informed of key information and help inform PG&E's policy positions.
  • Forecasting: Develop gas hedging forecasting tools, models and analysis in support of the annual ERRA forecast application. Provide monthly and ad hoc updates to the forecast for risk management and cash forecasting. Develop explanations for variances. Develop short-term physical forecasting model and provide monthly cash forecasts to settlements and banking. Work with quantitative analysts to develop forecasting tools and methodologies for forecasting physical gas consumption by PG&E's electric generating facilities and tolling agreements.
  • Reporting: Develop reports and data tables from large and complex data sources. Support the physical and financial gas portions of ERRA (Energy Resource Recovery Account) and other regulatory filings. Query data from deal capture systems and produce reports and summary tables of trading activities. Prepare data in support of data request responses. Develop automated reports and reporting tools. Review testimony for consistency with supporting data. Prepare written responses to CPUC data requests. Develop performance metric reports for the EGS organization.
  • Analysis and Tool Development: Improve the process and tools for managing physical and financial gas positions. Work with traders and portfolio managers to automate portions of the position management tools and improve existing tools. Have tools certified by Risk Management department, if required. Improve and automate the tools used in forecasting, planning, and reporting. Develop ad hoc analysis in support of specific physical and financial transactions. Support EGS with ad hoc analysis, market studies and special projects, as assigned. Independently complete assignments of moderate scope and complexity. Develop new tools and analyses with limited oversight. Present analysis and evaluation results and output in a cohesive, understandable and actionable format to internal and external audiences.
  • Serve as backup and emergency gas scheduler.Working Conditions:Open, busy trading floor environment with occasional early morning (5:30 am) work hours. Extensive use of personal computers, telephone and IM conversations, conference calls and in person meetings with internal and external stakeholders. Some travel required, normally less than 5%.QualificationsMinimum:
    • Bachelor's degree in Business, Economics, Statistics, Finance; or four years equivalent experience.
    • Minimum 1 year of relevant work experience in the energy industry Desired:
      • Strong analytical skills, including demonstrated proficiency in data query, manipulation and reporting.
      • Proven written and verbal communication skills.
      • Demonstrated understanding of physical and financial gas and electric market fundamentals.
      • Demonstrated understanding of PG&E procurement authority, CPUC, FERC and other regulations.
      • Advanced analytical skills.
      • Ability to develop tools in MS Excel, VBA, and database software.
      • Ability to prioritize, plan, perform and communicate activities both in written and verbal form

Keywords: Pacific Gas and Electric Company, Oakland , Gas Portfolio Assessment Analyst, Accounting, Auditing , Oakland, California