Supervisor- Electric Energy Procurement

Company Summary Statement

As one of the largest investor-owned utility companies in the United States, PPL Corporation (NYSE: PPL), is committed to creating long-term, sustainable value for our 3.5 million customers, our shareowners and the communities we serve. Our high-performing regulated utilities — PPL Electric Utilities, Louisville Gas and Electric, Kentucky Utilities and Rhode Island Energy — provide an outstanding experience for our customers, consistently ranking among the best utilities in the nation. PPL’s companies are also addressing challenges head-on by investing in new infrastructure and technology that is creating a smarter, more reliable and resilient energy grid. We are committed to doing our part to advance a cleaner energy future and drive innovation that enables us to achieve net-zero carbon emissions by 2050 while maintaining energy reliability and affordability for the customers and communities we serve. PPL is a positive force in the cities and towns where we do business, providing support for programs and organizations that empower the success of future generations by helping to build and maintain strong, diverse communities today.

Overview

NOTE:   This is a hybrid role requiring 3 days on-site at our local office in:  Providence, RI     #LI-Hy     #INDPPL   #RIE

 

Leads the Rhode Island Energy's (RIE) electric energy procurement processes to ensure attainment of Company business goals and objectives associated with the procurement of wholesale electric supply and related services, as the Last Resort Service Provider for customers.  Further, this role may support the RIE long-term clean energy programs, supporting the attainment of Rhode Island clean energy and climate change initiatives. Functional areas include development of Rhode Island Energy's Last Resort Service Plan, Long-Term Clean Energy Standards (including Renewable Energy Growth Program), and Renewable Energy Standard, including but not limited to any associated market and procurement analysis necessary to develop and execute such plans in accordance with state, federal, and ISO laws, regulations, and standards.

Responsibilities

Essential Functions:

• Leads energy plans development and execution for RIE’s generation service supply, including conducting wholesale energy and renewable energy credit (REC) auctions, RFP development and implementation, supplier management and communications, offering expert testimony through legal proceedings, and managing.
• Support energy market analysis, focusing on the impact and opportunities surrounding various procurement strategies, forecasting the state of wholesale market prices, and forecasting and completing sensitivities of prospective energy auction results. This includes providing guidance and recommendations to leadership and communicating direction upward and downward within the organization as well as to external stakeholders.
• Develop, implement, and administer wholesale programs, REC programs, and clean energy procurement programs as defined in each jurisdiction.
• Manage energy-procurement related products and services, including consultant management and direction, establishing and tracking PJM and ISO-NE billing line items and contract IDs, and bidding wholesale power into the day-ahead market.
• Supervise supplier communications and contract processes, including supplier negotiations, contract set-up, interpretation and application of established contractual agreements, supplier credit rating monitoring, daily mark-to-mark calculations in accordance with individual contracts, collateral management, and supplier banking.
• Ensure compliance with state regulations established by the Rhode Island Division of Public Utilities and Carriers, including state transfer of RECs, compliance with various state reporting requirements, and other Company, state, ISO/RTO, and FERC reporting and governance obligations as required.
• Act as an expert witness and support other expert witnesses in support of regulatory filings, including providing written and/or oral testimony and preparing responses to discovery
• Ensure a controlled process around the calculation, communication, and posting of price updates, working collaboratively with the jurisdictional rates teams.
• Ensure processes and activities are appropriately documented, including management of external reporting (Dodd Frank, SOX, FERC, NERC, and RI PUC and others as applicable).
• Communicate with regulatory authorities, PJM ISO, ISO-NE, energy suppliers, advocacy groups, and other stakeholders.
• Guide the development of the energy procurement team, ensuring requisite skills are maintained and enhanced.
• Maintain metrics and key performance indicators to support achievement of departmental goals, reviewing accuracy of data and information, and support company data integrity initiatives.
• Physical presence in the office/on-site required at times to engage in face-to-face interaction and coordination of work among direct reports and co-workers. In-person required to support regulatory proceedings before the RI PUC and other agencies as required. (Hybrid work model)
• May be assigned an emergency storm role in support of Rhode Island Energy. This is a special assignment required during storms and other emergencies when the company needs to restore power or respond to other issues affecting customer service. This role may necessitate the need to work after-hours, outside of your normal schedule.
• Performs other duties as assigned
• Complies with all policies and standards

Qualifications

Required Education:

• Bachelor's Degree in mathematics, economics, engineering, finance, procurement, or related discipline, or an equivalent combination of education and experience on a year-for-year basis is required.

Required Experience:

• 5+ years relevant work experience.
• Experience with contract management, financial analysis, and forecasting of contract costs and supply obligation – this includes energy analysis and/or financial cost/benefit analysis.
• Proven leadership skills, including leading diverse and cross-functional teams.
• Proven time-management skills, including prioritization of work and multi-tasking of concurrent high-priority issues.

Preferred Qualifications:

• Master’s degree in business, mathematics, economics, accounting, finance, environmental or technical discipline preferred.
• Working knowledge of the PJM ISO, ISO-NE or similar ISO market experience.
• Knowledge of Rhode Island electricity markets and/or renewable energy credit markets.
• Demonstrated experience working in a regulated energy business.
• Experience drafting and implementing utility-scale clean energy RFPs.
• Proven experience managing and maintaining supplier relationships.
• Sound business judgment, with the ability to critically analyze complex problems and develop a resolution to resolve the issues in a quick and efficient manner.
• Ability to apply expertise in solving new and complex problems and develop innovative solutions.
• Effective decision-making skills.
• Strong quantitative and analytical reasoning skills.
• Strong verbal and written communication skills, which may include experience drafting written testimony or providing oral testimony before a regulatory body.
• Ability to work well with individuals on all levels of the organization.
• Advanced skills using SQL, SAS, Access, Python, or a similar analytical tool.