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Senior Gas Supply Analyst - San Francisco, CA

Date: Dec 6, 2018

Location: San Francisco, CA, US, 94105

Company: Pacific Gas And Electric Company

Requisition ID # 17573 

Job Category : Energy Services / Trading 

Job Level : Individual Contributor

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 information or any other factor that is not related to the job.

 

Department Overview

Electric Gas Supply (EGS) is responsible for managing the physical natural gas supply and financial gas price risk for PG&E's electric portfolio. 

 

EGS purchases the physical gas used to generate electricity in PG&E's company-owned generation and portfolio of tolling agreements.  EGS negotiates and manages a diverse portfolio of gas supply arrangements across western North America, including interstate and intrastate pipeline capacity and gas storage.  In addition, EGS develops the long-term plan for the portfolio, secures CPUC pre-approval of the plan, implements the plan through trading and scheduling operations, and seeks CPUC review and approval that all transactions complied with the plan. 

 

EGS develops and implements financial hedging strategies for PG&E’s electric portfolio gas price risk.  This financial portfolio includes physical generation and tolling agreements plus power purchase agreements with prices indexed to gas.  EGS trades a variety of financial swaps and options in the over-the-counter and exchange markets.  In addition, EGS develops a plan for electric portfolio gas hedging, secures CPUC pre-approval for that plan, implements the plan through trading operations, and seeks CPUC review and approval that all transactions complied with the plan. 

 

 

Position Summary

The Senior Gas Supply Analyst is responsible for supporting the physical and financial gas trading and regulatory compliance efforts of the EGS group.  The Analyst

  • Supports the development of gas procurement and hedging plans with quantitative analysis. 
  • Develops reports and testimony in support of least-cost procurement and cost recovery. 
  • Develops tools, models and ad hoc analysis in support of gas procurement and hedging activities.
  • Gathers, analyzes and communicates market and regulatory information.

 

Job Responsibilities

 

  • Planning (long-term and short-term): Conduct analysis in support of the Long-term Procurement Plan, seasonal and other gas supply plans and strategies.  Assist writing LTPP testimony and responding to a variety of procurement-related data requests.  Develop presentation packages and present portions of the package at planning meetings.  Complete documentation and work papers in support of plan. Follow market news and regulatory proceedings to keep the group informed of key information, and help inform PG&E’s policy positions. 
  • Forecasting: Develop gas hedging forecasting tools, models and analysis in support of the annual ERRA forecast application.  Provide monthly and ad hoc updates to the forecast for risk management and cash forecasting.  Develop explanations for variances.  Develop short-term physical forecasting model and provide monthly cash forecasts to settlements and banking.  Work with quantitative analysts to develop forecasting tools and methodologies for forecasting physical gas consumption by PG&E's electric generating facilities and tolling agreements. Lead and participate on project teams.
  • Reporting:  Develop reports and data tables from large and complex data sources.  Support the physical and financial gas portions of ERRA (Energy Resource Recovery Account) and other regulatory filings.  Query data from deal capture systems and produce reports and summary tables of trading activities.  Prepare data in support of data request responses.  Develop automated reports and reporting tools. Review testimony for consistency with supporting data.  Prepare written responses to CPUC data requests.  Develop performance metric reports for the EGS organization. Clearly articulate points and findings in both written and oral communications.
  • Analysis and Tool Development: Improve the process and tools for managing physical and financial gas positions.  Work with traders and portfolio managers to automate portions of the position management tools and improve existing tools.  Have tools certified by Risk Management department, if required.  Improve and automate the tools used in forecasting, planning, and reporting.  Develop ad hoc analysis in support of specific physical and financial transactions. Support EGS with ad hoc analysis, market studies and special projects, as assigned. Independently complete assignments of moderate scope and complexity. Present analysis and evaluation results and output in a cohesive, understandable and actionable format to internal and external audiences. Develop new tools and analyses with limited oversight. Solve complex problems with little guidance and sometimes incomplete information. Advise peers on analysis, regulations and market fundamentals.
  • Serve as backup and emergency gas scheduler.  

 

Working Conditions:

 

Open, busy trading floor environment with occasional early morning (5:30 am) work hours. Extensive use of personal computers, telephone and IM conversations, conference calls and in person meetings with internal and external stakeholders. Some travel required, normally less than 5%.

 

Qualifications

Minimum:

  • Bachelor's degree in business, finance engineering or related discipline or equivalent experience.
  • Requires a minimum of three years of relevant business experience

 

Desired:

 

  • MBA, MS in finance or related post-graduate degree or study.
  • Work experience in the energy industry
  • Demonstrates advanced knowledge of physical and financial gas and electric market fundamentals.
  • Demonstrates advanced understanding of PG&E procurement authority, CPUC, FERC and other regulations.
  • Advanced analytical skills.
  • Strong analytical skills, including demonstrated proficiency in data query, manipulation and reporting.
  • Proven written and verbal communication skills.
  • Ability to develop tools in MS Excel, VBA, and database software.
  • Ability to prioritize, plan, perform and communicate activities both in written and verbal form

 


Nearest Major Market: San Francisco
Nearest Secondary Market: Oakland