The Energy Portfolio Analyst performs a key role within the Energy Portfolio Team with the primary responsibility of creating the analytics that drive the dispatch and maximization of Tri-State’s extensive resource mix throughout one of the largest electric service territories in the nation. As part of the Energy Portfolio Team of traders, schedulers and analysts who are responsible for providing our Members with reliable/low-cost electricity for the day ahead and term markets, the Energy Portfolio analyst performs position forecasting based on market fundamentals including power and natural gas market pricing, generation costs and efficiencies, planned generation and transmission outages, weather and other factors. Provide analysis and support in the management of several commodities, primarily electricity energy and natural gas, as well as transmission, natural gas transportation, natural gas storage, and Renewable Energy Certificates (RECs). The Energy Portfolio Analyst works closely with the rest of the Energy Markets Group including Resource Dispatch and Trading (Real-time), and Settlements staff.
ESSENTIAL FUNCTIONS AND RESPONSIBILITIES
Responsible for updates to the generation planner software which is used to economically dispatch generation assets on a day ahead basis. Updates include operational cost data like variable operations and maintenance costs (VOM), heat rates, and start-up costs.
Performs periodic reviews of the accuracy of our load forecasting software (PRT) especially during major weather events.
Work closely with Real-time to identify scheduling and dispatch improvements and identify new opportunities under changing conditions.
Provide analysis to support the management of multiple commodities - primarily electricity energy and natural gas, as well as transmission, natural gas transportation, natural gas storage, and Renewable Energy Certificates (RECs).
Monitors executed hedges for effectiveness by providing backcasting analytics.
Provides analytical support for the power and gas scheduling functions.
Transmission Provider OASIS (Open Access Same Time Information System) and Transportation Provider EBB monitoring of path availability for supporting Energy Portfolio transaction and hedging requirements.
Track and report Tri-State’s natural gas imbalance and manage imbalance quantities in a reliable and economic manner.
Registers new large scale and member renewable units with Western Renewable Energy Generation Information System and performs annual retirements in accordance with our Colorado and New Mexico renewable energy portfolio standards.
Project assignments and ad hoc requests involving analysis of short-term commodity fundamentals.
Analysis to support Energy Portfolio and reporting processes.
Perform commodity asset optimization analysis and report results.
Identify and analyze utilization of contractual rights in short- and long-term power purchase, natural gas purchase, transmission, and transportation agreements.
Adhere to and demonstrate compliance with appropriate electric utility industry regulatory requirements. Attain knowledge and remain knowledgeable of development in regulations, laws, standards and best practices applicable to the functional area including, but not limited to, Standards of Conduct, Environmental, Employment Law, NERC Reliability Standards and Safety. Must be familiar with, and comply with, all aspects of Corporate Policy C-54, Compliance.
Demonstrate behavior consistent with Tri-State’s culture embodied in the Cooperative principles and spirit and core values of technical competency, respect and dignity, accountability, integrity, trustworthiness, and servant leadership to empower or otherwise enable others to optimally perform their job responsibilities. Demonstrate and promote ethics and behaviors consistent with Tri-State’s culture, Board policies, and business practices. Understand and fulfill the role and responsibility for all compliance programs within the company.
Because Tri-State is an electric utility with continuous service obligations to its customers, regular, reliable, and predictable performance of the essential functions and responsibilities is an essential function of the job.
Because Tri-State has an obligation to provide continuous, reliable electric service to its customers, the ability to work overtime at any time of the day or week is considered an essential function of the job.
OTHER DUTIES AND RESPONSIBILITIES
Perform other related duties as assigned
SUCCESS FACTORS AND JOB COMPETENCIES:
Planning: ability to think ahead and plan within timelines and resources; develop scopes, plan and schedule work; set priorities and goals; anticipate and adjust for problems; evaluate workloads; measure and evaluate performance against established goals.
Time management: ability to successfully plan and implement objectives within established timelines and work schedules.
Ability to analyze problems and develop effective solutions at both strategic and functional levels.
Demonstrate behavior consistent with company values.
Excellent interpersonal and communication skills.
Strong team player: accomplishes tasks by working with others and being a good team player. Recognizes how his/her decisions may impact others; seeks input from others.
Computer proficiency in operating a personal computer and standard business office applications including Microsoft Office suite, databases, and other related applications.
Ability to work independently, with minimal direction as a highly motivated self-starter.
REQUIRED JOB QUALIFICATIONS
Education and Training
Bachelor's degree in Mathematics, Economics, Engineering, or other related technical discipline or an equivalent combination of experience and/or education.
Knowledge, Skills, and Ability:
Knowledge of electric power and natural gas fundamentals.
Working knowledge of database and spreadsheet software applications.
Must have the ability to conduct thorough, appropriate and effective analytical, quantitative and economic evaluations.
Must have the ability to analyze complex, technical data and prepare concise, accurate reports.
Basic understanding of risk management or the ability to learn.
Ability to communicate effectively, both verbally and written.
Must be flexible, inquisitive and able to thoroughly understand market dynamics.
Ability to establish and maintain effective working relationships.
Eight (8) years of related experience, preferably in the electric power or natural gas industry.
Must sign a FERC (Federal Energy Regulatory Commission) Standards of Conduct Confidentiality agreement.
Willingness to travel, as required. (Must possess a valid driver’s license.)
Must be able to demonstrate that he/she can perform all of the essential functions of the position.
DESIRED JOB QUALIFICATIONS
Power Generation Management tools experience desired.
Electric utility load forecasting experience desired.
Prefer experience in energy commodity management in the electric power or natural gas industry.
Advanced degree in a related discipline.
PHYSICAL AND MENTAL DEMANDS: The physical demands and work environment characteristics described here are representative of those that must be met by an employee to successfully perform the essential functions of the position. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Physical demands: While performing the duties of this position, the incumbent is required to sit for long periods of time and occasionally stand, walk, stoop, bend, reach above and below shoulder level up to 10 lbs. Incumbent is frequently required to use hands and fingers to handle, or feel objects, tools, or controls, talk and hear. Incumbent must have finger dexterity, good vision, good color vision, good hearing, and ability to speak clearly, and handle intricate work.
Mental demands: While performing the duties of this job, the incumbent is required to read, write, perform basic math, analyze data and reports, exercise judgment, develop plans, procedures and goals, and present information to others and work under pressure.
Work Environment: While performing the duties of this position, the incumbent is exposed to moderate level of noise. Majority of duties are performed indoors primarily at a desk.
How to Apply:
Tri-State: Join the people behind the power. Tri-State recognizes the value of a highly-engaged and committed workforce and provides an excellent benefits program that includes medical, dental, retirement and life insurance. Please visit our careers site at www.tristategt.org/careers/for more details.
Tri-State Generation and Transmission Association is a wholesale electric power supplier owned by the 43 electric cooperatives that it serves. Tri-State generates and transmits electricity to its member systems throughout a 200,000 square-mile service territory across Colorado, Nebraska, New Mexico and Wyoming.
Serving approximately 1.5 million consumers, Tri-State was founded in 1952 by its member systems to provide a reliable, cost-based supply of electricity. Headquartered in Westminster, Colo., about 1,500 people are employed by Tri-State throughout its four-state service area.
Tri-State's power is generated through a combination of owned baseload and peaking power plants that use coal and natural gas as their primary fuels, supplemented by purchased power, federal hydroelectricity allocations and renewable resource technologies. Tri-State delivers power to its members through a transmission system that includes substation facilities, telecommunications sites and over 5000 miles of high voltage transmission lines.