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Principal, CPE Transactions

Company: PG&E Corporation
Location: Oakland
Posted on: January 25, 2023

Job Description:

Requisition ID -# 143938 -Job Category: Business Operations / Strategy -Job Level: Manager/PrincipalBusiness Unit: Energy Policy & ProcurementWork Type: HybridJob 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 Central Power Procurement Entity (CPPE) team is responsible for the procurement of wholesale energy and capacity products to support local reliability of California's electric grid on behalf of the company's electric distribution customers. The CPPE team structures, negotiates and manages various procurement solicitations and power purchase contracts for a wide variety of resource technologies, including renewable energy, energy storage and distributed energy resources to help California meet its energy policy objectives at minimum cost. -Position Summary:As a key contributor to the CPPE team, this individual will administer various procurement solicitations, lead the development of policy strategy/implementation for key commercial topics, negotiate commercial terms and conditions of energy contracts, and contribute in other areas of the Company's energy procurement efforts as the central procurement entity. - This role will work closely with other teams including Contract Management and Electric Settlements (back office), Short Term Electric Supply (front office), Law, Market and Credit Risk Management, Energy Compliance and Reporting, and Regulatory Affairs. - Success in this position will require the ability to motivate and influence the work of others and working across teams within the Energy Policy and Procurement organization, and throughout the Company. This person will bring a passion for commercial excellence and customer service to help the CPPE transact across multiple energy products. -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. -We would not anticipate that the individual hired into this role would land at or near the top half of the range described below, but the decision will be dependent on the facts and circumstances of each case.--- -A reasonable salary range is:--- -Bay Area Minimum: $136,000.00Bay Area Mid-point: $184,000.00Bay Area Maximum: $232,000.00&/OR---California Minimum: $129,000.00California Mid-point: $175,000.00California Maximum: $220,000.00 -This position is hybrid, working from your remote office and your assigned location based on business need. -Job Responsibilities

  • Originate highly structured power purchase agreements by leading the execution of complex solicitations, including solicitations for new and innovative product offerings.
  • Develop, lead, and manage negotiations for a variety of wholesale power procurement activities, including for energy and capacity products from renewable, energy storage and distributed energy resources.
  • Manage and structure the power procurement solicitation process, including the implementation of systems and procedures, management of internal coordination and governance, coordination of external outreach to key stakeholders and market participants, and preparation of regulatory filings.
  • Evaluate highly structured power procurement contracts and synthesize and communicate relevant deal points for senior management.
  • Evaluate offers resulting from solicitations and bilateral negotiations, lead counter-offer preparation, prepare analysis of offers, and manage overall procurement. Acts as a thought leader in the development of strategy or resolution of complex issues.
  • Prepare applications/filings, testimony, forecasting materials, exhibits, models, work papers, or discovery on issues of high complexity.
  • Prepare strategy papers, deliver presentations to external stakeholders and regulatory agencies, and serve as expert witness for PG&E's request at CPUC, CEC or FERC, and manage relationship with the Independent Evaluator.
  • Lead the identification, development, implementation, and resolution of issues associated with complex, cross-functional strategy and policy matters.
  • Build and maintain strong relationships with new and existing entities in the market area of focus. -Qualifications:Minimum Qualifications:
    • Bachelor's Degree with coursework in a business-related field, mathematics, engineering, or equivalent field of study; or equivalent experience
    • Eight years of relevant work experience, with a strong preference for experience in wholesale energy and capacity marketsDesired Qualifications:
      • MBA or Master's degree in related field
      • Four 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 the Company's competitive position, and rules and regulations that impact procurement, including CPUC decisions related to resource adequacy and the central procurement entity
      • Understanding of the meaning and rationale of PG&E contract provisions, typical counterparty concerns, and the impact of specific contract language
      • Ability to negotiate between stakeholders to reach an agreement
      • Ability to lead and develop new procurement products and contract documents
      • Ability to influence key decision makers
      • Ability to manage cross functional 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
      • Excellent project management skills
      • 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.
      • Competency in maneuvering comfortably through complex policy, process, and people-relatedorganizational dynamics
        • Knowledge and experience with California's wholesale energy and capacity (resource adequacy) markets
        • Knowledge of renewable generation, conventional generation, and/or energy storage contracts
        • Knowledge of renewable energy project finance, including typical financing structures
        • Knowledge of utility ratemaking, cost recovery and other regulatory matters
        • Understanding of energy markets (fossil, renewable, energy storage, etc.) including commercial aspects, policy aspects, and the role/business model of a utility
        • Understanding of Western Energy and CAISO market rules, energy products and compliance obligations - -#featuredjob -

Keywords: PG&E Corporation, Oakland , Principal, CPE Transactions, Other , Oakland, California

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