Analyst, Power Contracts

Company Name
Eversource Energy
Company Website
Location (City)
Westwood
Job Category
Accounting, Analyst, Data Analysis/Management, Engineering
Job Sector
Services and Support, Other
Job Type
Full Time
Degree Requirement
Bachelors

This position is responsible for the proper execution of solar, wind, off-shore wind, nuclear, fuel cells, biomass and anaerobic digestor contracts.  This position works closely with the contract counterparties and various Eversource departments to assure that all billing, terms and conditions of the power contracts are met.  The Power Contracts Analyst performs tasks in the procurement and administration of long-term contracts for power with third party suppliers. 

Job Duties/Responsibilities: 
  • Performs tasks in the procurement of the power supply for customers of Eversource who have not selected a retail supplier.  These tasks include:
  • Issuing and evaluating RFPs for the selection of wholesale supplier(s) for contracts where total payments are typically more than one billion dollars per year.
  • Collaborating with state agencies and regulators in developing the supply procurement process.
  • Developing regulatory filings and seeking approval of resulting contracts in a timely and accurate manner.
  • Performs tasks in the development of contracts with renewable (or other) generators.  These tasks include:
    • Collaborating with state agencies and regulators in developing the process for selection of projects to receive contracts.
    • Issuing Requests for Proposals ("RFPs") and evaluating the bids received for the selection of project(s) to receive contracts.
    • May assist with the negotiation and drafting of power purchase agreements resulting from the RFP process.
    • Performing analysis and research for testimony before regulatory bodies on issues associated with the process development and/or approval of contracts.
    • Administering approved contracts.
  • May assist and participate in the development of corporate strategy associated with the procurement of energy.  These tasks include:
  • Reviewing pending legislation and providing recommendations used to develop corporate positions.
  • Supporting the Director and/or Manager, Wholesale Power Contracts, in testimony and/or presentations to regulatory or other state agencies on issues associated with energy strategy.
  • Providing input into the development of the integrated resource plan as required by Connecticut statute.
  • Administers existing power supply contracts with Eversource non-utility generators.  These tasks include:
    • Reviewing and verifying accuracy of monthly invoicing for power purchases.     
    • Complying with ISO-NE rules associated with the operation of the facilities under contract resulting from the utility's role as lead market participant for such facilities.
    • Resolving contract interpretation issues that develop between the utility and the project.
  • Addresses accounting requirements associated with power supply contracts.  These tasks include:
  • Providing documentation required per Accounting Policy Statement No. 24, Accounting for Derivative Instruments and Hedging Activities, and other accounting requests as appropriate, in a timely manner.
  • Providing information regarding executed long-term contracts for inclusion in financial statements, regulatory reporting, budgets, and audit requests. Testifies before regulatory bodies.
Qualifications: 

Technical Knowledge/Skill:

  • Experience with the New England wholesale electric power market
  • Understanding of ISO-NE market rules, policies and procedures including the NEPOOL Open Access Transmission Tariff
  • Basic understanding of regulated power supply rate design and cost recovery
  • Understanding of regulatory and legislative requirements associated with energy procurement in both Connecticut and Massachusetts.
  • General understanding of the technology and requirements associated with renewable energy
  • General understanding of accounting policies and practices as the apply to power purchase contracts
  • Experience in engineering economics and financial analyses.
  • General understanding of generation system dispatch concepts and operations
  • Basic understanding of utility regulatory processes in Connecticut, Massachusetts, New Hampshire and at FERC.

Skills:

  • Ability to analyze data and information, determine relevant factors associated with each situation and calculate and process data in an efficient and accurate manner.
  • Ability to develop and answer data requests for government agencies
  • Some experience in negotiating and writing complex power purchase agreements.
  • Experience in administering RFP processes leading to power purchase contracts with payments
  • Ability to communicate effectively with legal staff regarding issues that require regulatory approval of could result from or lead to litigation.
  • Ability to develop and maintain adequate control procedures to document power purchase contract provisions and control the processing of payments.
  • Proficiency in spreadsheet, database and internet applications
  • Good oral and written communication skills

Education:

  • Bachelor’s degree in engineering, business administration or related discipline and three (3) years of experience or Associate’s degree in the same disciplines as stated for the Bachelor Degree and five (5) years of related experience.
  • Master’s degree in business administration, economics or operations management is desirable.

Experience:   

  • Minimum of Three years of directly related experience.
Benefits: 

Technical Knowledge/Skill:

  • Experience with the New England wholesale electric power market
  • Understanding of ISO-NE market rules, policies and procedures including the NEPOOL Open Access Transmission Tariff
  • Basic understanding of regulated power supply rate design and cost recovery
  • Understanding of regulatory and legislative requirements associated with energy procurement in both Connecticut and Massachusetts.
  • General understanding of the technology and requirements associated with renewable energy
  • General understanding of accounting policies and practices as the apply to power purchase contracts
  • Experience in engineering economics and financial analyses.
  • General understanding of generation system dispatch concepts and operations
  • Basic understanding of utility regulatory processes in Connecticut, Massachusetts, New Hampshire and at FERC.

Skills:

  • Ability to analyze data and information, determine relevant factors associated with each situation and calculate and process data in an efficient and accurate manner.
  • Ability to develop and answer data requests for government agencies
  • Some experience in negotiating and writing complex power purchase agreements.
  • Experience in administering RFP processes leading to power purchase contracts with payments
  • Ability to communicate effectively with legal staff regarding issues that require regulatory approval of could result from or lead to litigation.
  • Ability to develop and maintain adequate control procedures to document power purchase contract provisions and control the processing of payments.
  • Proficiency in spreadsheet, database and internet applications
  • Good oral and written communication skills

Education:

  • Bachelor’s degree in engineering, business administration or related discipline and three (3) years of experience or Associate’s degree in the same disciplines as stated for the Bachelor Degree and five (5) years of related experience.
  • Master’s degree in business administration, economics or operations management is desirable.

Experience:   

  • Minimum of Three years of directly related experience.
About the Company: 

Eversource Energy (NYSE: ES), a Fortune 500 and Standard & Poor’s 500 energy company based in Connecticut, Massachusetts and New Hampshire, operates New England’s largest energy delivery system. Eversource is committed to safety, reliability, environmental leadership and stewardship, and expanding energy options for its 4.0 million electricity,   natural gas and water customers. Eversource continues to invest in New England’s energy delivery systems, has achieved our best level of electric service reliability, connected record numbers of new natural gas heating customers, posted very strong financial results, and made significant progress in addressing the region’s energy infrastructure challenges. 
We provide competitive salaries and benefits, including medical, dental, vision, prescription benefits, life, AD&D, disability insurance, outstanding retirement plans and paid time off. In addition, we believe strongly in serving our community by offering a variety of volunteer opportunities throughout the year.