Senior Commercial Services Power Marketer- Portland, Oregon- 111371 Date: Jul 2, 2024
Location: PORTLAND, OR, US, 97232
Company: PacifiCorp
*PacifiCorp is seeking customer-centric candidates to grow and sustain our commitment to a culture of customer service excellence, environmental sustainability and diversity, equity and inclusion.
General PurposeInfluence and implement PacifiCorp’s resource and commercial strategy, including leading the negotiation and execution of renewable development and acquisition opportunities. Serve as the commercial lead in multi-disciplinary, cross-functional teams that evaluate resource development and acquisition strategies that align with short- and long-term organizational goals. Work closely with senior management to keep them up-to-date on strategic resource and commercial opportunities.
Responsibilities of this position include the following:- Build and manage relationships with a broad range of commercial counterparties, including developers, marketers, and large customers.
- Research, identify and pursue creative deal structures that provide opportunities to procure renewable resources.
- Design, develop and implement request for proposals (RFP) to procure new resources as outlined in PacifiCorp’s resource and commercial strategy and consistent with state regulatory commission resource procurement rules and guidelines.
- Lead the negotiation of commercial terms and conditions in energy commodity contracts and asset purchase and sale contracts required to close transactions resulting from RFP processes or arising out of bi-lateral discussions with developers and marketers.
- Implement restructuring of existing contractual obligations to mitigate risk or lower costs for customers.
- Implement execution of qualifying facility (QF) power purchase agreements consistent with internal commercial strategies and state and federal mandates.
- Resolve contractual disputes where bi-lateral negotiation is required.
- Effectively communicate to executive management how specific, negotiated contract terms and conditions adequately cover commercial and legal risks.
- Conduct market intelligence and self-directed research to identify new commercial opportunities that support short- and long-term organizational goals.
- Responsible for ensuring that commercial transactions are implemented consistent with all internal policies, procedures, and approval processes, including coordination and sign-offs from the legal, credit, risk management, commercial valuation, tax, accounting, and transmission departments, as necessary.
- Coordinate with other departments to assess and develop creative solutions for large customers seeking renewable power supply alternatives that is consistent with requirements established by state regulatory commissions.
- As needed, file comments and or testify as an expert witness to support commercial elements of commercial transactions and tariffs filed with state regulatory commissions.
Requirements of this position include the following:- Bachelor’s Degree in Business, Finance, Accounting, Financial Engineering, Operations Research, or a related field; or the equivalent combination of education and experience.
- A minimum of ten years’ experience in the energy industry with 3-5 years’ experience effectuating commercial transactions.
- Experience developing commercial strategies, developing creative commercial deal structures, and implementing business plans.
- In-depth understanding of power system and wholesale power markets.
- Understanding of Federal and State regulatory processes.
- Demonstrated ability and experience with negotiating commercial contract terms and conditions.
- Economic evaluation skills.
- Ability to assertively negotiate transactions and settlements without losing composure.
- Ability to confidently speak to large groups of people when required.
Preferences- Advanced degree.
- Familiarity with the WSPP Master Agreement, the EEI Master Agreement, and the ISDA Master agreement.
- Prior experience filing comments and or testifying in front of state regulatory commissions.
Additional InformationReq Id: 111371
Company Code: PacifiCorp
Primary Location: PORTLAND
Department: Pacific Power
Schedule: FT
Personnel Subarea: Exempt
Hiring Range: $149,500 - $175,900.00
This position is eligible for an annual discretionary performance incentive bonus of up to 35% of salary.
Benefits: Health care, retirement, paid time off, tuition assistance, paid short-term and long-term disability, paid bereavement leave. For more information, please visit: https://careers.pacificorp.com/content/New-Benefits-Page/?locale=en_US
Employees must be able to perform the essential functions of the position with or without an accommodation.
At PacifiCorp, we celebrate diversity, equity and inclusion. PacifiCorp is proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion or religious creed, age, national origin, ancestry, citizenship status (except as required by law), gender (including gender identity and expression), sex (including pregnancy), sexual orientation, genetic information, physical or mental disability, medical condition, veteran or military status, familial or parental status, marital status or any other category protected by applicable local, state or U.S. federal law.
Unless otherwise required by law, all offers of employment are contingent upon the successful completion of a background check and drug screening including for marijuana. While marijuana is legal in several states, including Oregon, a positive test for positions in Oregon may disqualify a candidate. The company complies with the laws of Washington and California and only obtains and considers positive tests for marijuana in safety-sensitive positions or those covered by U.S. Department of Transportation regulations.
Career Segment: Sustainability, Power Systems, Facilities, Law, Risk Management, Energy, Operations, Legal, Finance
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