Portfolio Management Analyst, Principal - Full-time / Part-time

Requisition ID # 13320

Job Category : Energy Services / Trading

Job Level : Manager/Principal

Business Unit: Strategy and Policy

Job Location : San Francisco

Company

Based in San Francisco, Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is one of the largest combined natural gas and electric utilities in the United States.And we deliver some of the nation's cleanest energy to our customers in Northern and Central California. For PG&E, Together, Building a Better California is not just a slogan.It's the very core of our mission and the scale by which we measure our success. We know that the nearly 16 million people who do business with our company count on our more than 24,000 employees for far more than the delivery of utility services.They, along with every citizen of the state we call home, also expect PG&E to help improve their quality of life, the economic vitality of their communities, and the prospect for a better future fueled by clean, safe, reliable and affordable energy.

Pacific Gas and Electric Company is an Affirmative Action and Equal Employment Opportunity employer that actively pursues and hires a diverse workforce. All qualified applicants will receive consideration for employment without regard to race, color,national origin, ancestry, sex, age, religion, physical or mental disability status, medical condition, protected veteran status, marital status, pregnancy, sexual orientation, gender, gender identity, gender expression, genetic informationor any other factor that is not related to the job.

Department Overview

The Energy Policy and Procurement (EPP) organization procures electricity, capacity, and ancillary services to serve the needs of bundled electric customers. In addition, EPP procures natural gas, pipeline capacity, and storage capacity on behalf of residential and small commercial customers, and for both utility-owned and contracted third-party electric generation. EPP is responsible for the front-office and back-office functions associated with power and gas procurement. Front-office functions entail planning, contracting, trading, scheduling, and dispatching electricity and natural gas for PG&E's customers. Back-office functions entail administering procurement agreements and ensuring timely and accurate payments to the CAISO and third-party power and gas suppliers. EPP also actively participates in regulatory and legislative proceedings that shape the design and implementation of state, regional, and federal energy regulation and policy. In addition, EPP is responsible for long-term planning, risk management, and compliance functions related to PG&E's energy portfolio.

Position Summary

The Portfolio Management group is primarily responsible for managing PG&E's wholesale power portfolio in order to meet the Company's electric load obligations in a reliable and economic manner. This responsibility involves:

(1) determining the Company's long-, intermediate-, and short-term capacity and energy needs;

(2) developing strategies to meet those needs;

(3) transacting in the wholesale electric markets to execute those strategies;

(4) amending, modifying, and terminating agreements as necessary to maintain PG&E's power portfolio;

(5) complying with procurement and reporting requirements;

(6) supporting the development of energy policy with the objective of implementing such policy at the least cost and ensuring compatibility with the supply/demand portfolio.

In addition to managing the Company's electric power portfolio, Portfolio Management is leading PG&E's effort to develop and implement innovative changes to the California's electric supply regulatory environment and market structures. California's electric energy landscape is changing rapidly due to increasing levels of distributed generation and renewable resources and a growing number of electric supply providers. Portfolio Management is preparing for this dynamic energy future by developing and advocating for new regulatory and market structures, actively managing PG&E's electric portfolio, and implementing policies to ensure the equitable sharing of costs in meeting California's clean energy goals. These challenges are complex, and Portfolio Management plays a critical role in defining and driving strategic and operational improvements by working across lines of business at PG&E and with external stakeholders.

All employees are responsible for performing their jobs in accordance with PG&E's vision and values and for conducting procurement in accordance with PG&E's Risk Management Policy.

Job Responsibilities

• Develop, design, and execute a variety of tasks and analyses on electric markets, policy proposals, and business strategies
• Research and communicate emerging regulatory issues and or policy issues
• Assess the various costs and value streams associated with UOG assets
• Determine the feasibility, likelihood of success and cost associated future asset management

actions

• Recommend contracted for energy supplies/commitments that should remain in the energy

supply portfolio and assess which energy supply contracts can be terminated, assigned,

bought-down, or otherwise restructured

• Recommend operational changes to UOG assets and PPAs to increase value
• Track and report all Portfolio Optimization actions, work streams and team members
• Create and present educational materials describing all Portfolio Optimization work efforts
• Develop governance system for all elements of Portfolio Optimization work
• Arrange and attend work stream meetings and officer updates

Qualifications

Minimum:

• Bachelor's Degree with coursework in a business-related field, economics, mathematics, engineering; or equivalent field of study
• Requires a minimum of eight year of relevant job experience. Experience in energy resource integration, energy policy initiatives, energy forecasting, energy bid evaluation, CAISO markets, energy scheduling and generation planning are strongly preferred, if not required.
• Demonstrated experience successfully working with cross-functional teams.

Desired:

• MBA or Master's degree in related field preferred. Experience and/or education related to

energy policy, energy markets, generation asset management and/or asset scheduling preferred.

• Knowledge of energy generation assets/technologies and energy contracts
• Knowledge of utility ratemaking/cost recovery and other regulatory matters
• Knowledge of energy project finance, including typical financing structures
• Demonstrated Skills: Team player, effective project manager, decisiveness, creating impact,

business understanding, good organizational and communication skills, and the ability to flourish in a highly fluid environment with multiple high priority tasks.

• Understanding of Western Energy and CAISO market rules, energy products, and compliance

obligations.

• Utility ratemaking and other regulatory matters.