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. Based in San Francisco, with 20,000 employees, the company delivers some of the nation's cleanest energy to 15 million people in Northern and Central California.
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.
We are regulatory professionals who support the operating lines of business by providing regulatory expertise, managing the development, approval and implementation of regulatory filings, rates and tariffs, and advocating the business needs to our regulators.
The Regulatory Analysis and Forecasting Team provides analysis of emerging regulatory issues, expert cost recovery witnesses as needed for rate cases, and forecasting of monthly, near term, and long term gas and electric revenue requirements and rates. We review and analyze ongoing recovery of costs, implement cost recovery and accounting changes, forecast and analyze balancing accounts, write advice letters revising preliminary statements, base revenue requirements and rate changes, and support/develop/sponsor cost recovery mechanisms in regulatory proceedings. Analysts also develop/review/analyze testimony, discovery, and other case materials, creating communication materials for presentations, standby statements, Investor Relations, FERC and SEC reports. We are also responsible for process improvements and documentation of existing processes.
Minimum required skills:
• BA/BS in, economics, finance/accounting, or related field
• Minimum of 7 years' experience with Regulatory Relations, Finance, or other work-related department
• Experience with regulatory finance and expense accounting and forecasting, financial data analysis and reporting, compliance, testimony.
• In-depth knowledge and understanding of case management procedures and processes.
• Advanced knowledge of revenue requirement, cost recovery, policy development and various PG&E programs.
• Expertise in regulatory accounting principles, capital accounting, as well as balancing account theory, concepts and practice.
• In depth knowledge of the functional lines of PG&E's electric and gas business.
• Highly skilled in MS Office tools such as Excel, Word, PowerPoint.
• Excellent written and verbal communication skills.
• Excellent analytical and problem solving skills.
• 45% of time: Prepare monthly, long-term and ad-hoc revenue and rate forecasts. Must develop expertise in forecasting, revenue requirements, and rate structures. Identify potential problems and propose optimal solutions based on requirements. Document assumptions, results of analysis, and recommendations. Ability to handle analytical tasks in an accurate and timely manner is essential.
• 25% of time: Analytical work of high complexity and scope in support of regulatory proceedings and internal management requests. Analytical work may include forecasting of revenues, costs and rates; supporting development of policies and programs; conducting research; supporting witnesses and the case management process; filing advice letters to revise preliminary statements, base revenue requirements and rates; preparing base revenue and cost driver analyses for budgeting and business planning; analyzing regulatory balancing accounts and recorded and forecasted activity; developing cost recovery mechanisms and informing management of recovery risks; implement regulatory decisions which require reporting and accounting changes through cross-departmental teams; and, benchmarking. Requires developing expertise in the current regulatory landscape.
• 20% of time: Participate in and prepare communications, including power point presentations, related to rate forecasts and regulatory filings. Materials must communicate clearly, effectively, and persuasively. Ideas should be well thought out, precise, and appropriately presented for the intended audience. Responsible for keeping coworkers informed on work status and other related information on projects as they develop. Work with manager and team leaders to communicate the status of current work and plan for upcoming projects. Must willingly share technical knowledge with others, and assist others as the need arises.
• 10% of time: Plan, monitor, and control various work products. Ensures that due dates are realistically set, milestones are met, and progress is effectively monitored. Follows up on details to ensure projects are completed accurately and effectively delegated where appropriate and high priority items are handled with appropriate speed and accuracy.