Power Energy Portfolio Analyst, Principal

Full Job Description

Join Tacoma Power's Power Management team as a Power Energy Portfolio Analyst, Principal!

We're on a mission to optimize energy supplies and deliver competitively-priced power products and services to our customers.

In this role, you'll co-manage our largest contracts with the Bonneville Power Administration (BPA), covering 40% of our operating expenses.

You will be on a team that oversees the BPA Power Supply contract (70% of our delivered electricity) and managing the BPA Transmission Services contract (essential for reliable load service and wholesale transactions).

You will be hands on, modeling data for rates planning and analysis, as well as forecasting, and will participate directly in Rates proceedings with BPA.

You will also work with our operations team in implementing the BPA Power Supply Contract.

Additionally, you may be involved in negotiating and managing other wholesale power supply contracts, the 3rd AC transmission agreement, and contracts with our large industrial retail customers.

Note that a successful candidate does not need to be an expert in all aspects of the job right out of the gate. There will be opportunity to learn from Tacoma's Team.

Responsibilities include:

• Represent Tacoma Power's interests in BPA's formal Power and Transmission rate case processes These rate setting processes include revenue requirement and cost of service studies, rate design methodologies, hydrologic condition forecasting, transmission congestion and load studies, resource operation and market price forecasting.
• Assess the impact of BPA Power and Transmission rate increases and design, including developing rate models and analyzing the impact on Tacoma Power.
• Work with stakeholders, trade and planning organizations, BPA and other utilities on important regional policy, planning and operational issues associated with power, conservation, and transmission issues (e.g., the Energy Imbalance Market, Columbia River Treaty, BPA OATT).

Help manage Tacoma Power's BPA Power and Transmission contract processes and negotiate any necessary new agreements or changes.

This includes managing quarterly and annual filing requirements and contract exhibit updates associated with Tacoma Power's BPA Power, Transmission, and Large Industrial Sales Agreements.

• Develop financial and/or economic spreadsheet models (NPV, IRR, payback, levelized cost of energy, etc) and assist in setting complex long-term power supply, transmission costs, and wholesale revenues for budget and financial planning.
• Prepare various federal, state, and TPU-level economic, financial, and operational reports (e.g., production unit cost, fuel mix, TP budget).

This position is in office at least three days a week.

Requirements

Minimum Education*
Bachelor's degree in engineering, economics, business or public administration or directly related field

Minimum Experience*
5 years of electric utility analysis experience in power energy markets or energy technology

*Relevant education and experience may substitute for one another on a year-for-year basis

Desired Qualifications

• Financial/economic modeling experience
• Utility rate setting concepts and modeling
• Knowledge of Bonneville processes and policy
• Understanding of hydro gen operations or the Columbia River specifically
• Understanding of or familiarity with regional electric utility issues

Additional Information

A Commitment to Equity & DiversityAt the City of Tacoma, we're on a mission to make our workforce as diverse and inclusive as the community we serve.

We actively seek out candidates from a wide range of backgrounds and cultures. Join our team at the City of Tacoma and help us build a more vibrant, inclusive, and equitable community for all.

If you have a less traditional background, we want to hear about your transferrable skills and experience. We value a variety of perspectives and are excited to see what you bring to the table.

Tacoma PowerTacoma Power is an almost 100% hydroelectric, municipally-owned public power utility, located in Tacoma.

We serve approximately 180,000 customers as one of the three operating divisions of Tacoma Public Utilities, alongside Tacoma Water and Tacoma Rail.

As one of the most livable, walkable cities in the country, you'll find that Tacoma is a great fit for all interests with places to bike, run, hike, and explore, the perks of a big city, and the charm of a small town.

The Community

Tacoma is centrally located just 32 miles south of the city of Seattle and 31 miles north of the state capital, Olympia.

The City of Tacoma is also home to the Port of Tacoma, which is among the largest container ports in the United States.

Like most cities in the northwest, Tacoma is surrounded by beautiful nature, offering residents many opportunities for outdoor adventures.

Largely suburban in nature with a small, but dense, urban core, Tacoma is home to numerous institutes of higher learning that attract students from across the country.

The University of Washington Tacoma, Pacific Lutheran University, University of Puget Sound, a satellite campus of the Evergreen State College, three community/technical colleges, and several trade and business schools are within Tacoma's geographic area.

Downtown's Cultural District is the site of the Washington State History Museum, Museum of Glass, the Tacoma Art Museum, and America's Car Museum.

With its affordable housing and distinctive neighborhoods and business districts, the city has been recognized numerous times as a best city to live in the nation. To see a few of the great things Tacoma has to offer, view this YouTube Video!

View this exciting video to learn more about the City of Tacoma: https://www.youtube.com/watch?v=2n5MWl8KFvI

Apply

All interested individuals must apply online and attach a resume and cover letter that includes major responsibilities and accomplishments related to the position.

Appointment is subject to references and passing a background check.

Compensation & Benefits
Pay Details:
Annual Salary: $122,096.00 - $171,953.60

Employee Benefits | City of Tacoma

Get Assistance

For assistance with the application process or questions regarding this job announcement please contact the Human Resources office at (253) 591-5400 by 4:00 p.m. of the closing date of the job announcement.

For technical difficulties using the Neogov system, call the applicant support line at 1-855-524-5627 between 6:00 a.m. and 5:00 p.m. Pacific Standard Time. This will allow us to assist you before the job announcement closes.

Communication with the City of Tacoma

We primarily communicate via email during the application process. Emails from Tacoma.gov and/or governmentjobs.com should be placed on your safe domain list to ensure that you receive notifications in a timely manner. As a precaution, you may also want to check your junk email folders.