Position SummaryResponsible for the buying/selling of natural gas supply for the regulated assets of Xcel Energy. Execute multi-million-dollar transactions in the natural gas commodity market, including use of financial derivatives and physical supply agreements. Acquire adequate quantities of reliable gas supplies at competitive prices, consistent with purchase plans and transportation agreements on daily basis to ensure service is not interrupted to gas and electric customers.
Essential Responsibilities- With limited oversight, develop and execute daily, annual, and long-range gas supply plans for the regulated operating companies within XE. Independently negotiate (often in a matter of minutes) gas purchase agreements with producers, energy brokers, and marketers to satisfy XE's $2B/yr. gas supply requirements. Participate in modeling and developing supply plans. Perform analysis in real-time to ensure reliable gas and electric service.
- Collaborate with Gas Schedulers to ensure an adequate supply of gas is delivered to satisfy the daily and hourly requirements in the most economical fashion.
- Continuously monitor and participate in the financial trading markets. Develop and revise purchasing plans or trading strategies (often in a matter of minutes). Optimize transportation and storage assets through arbitrage. Negotiate financial transactions, including derivatives, for short term and long-term hedging natural gas price exposure for both retail gas and electric customers.
- Produce regulatory testimony for state commission proceedings, including fuel reconciliation proceedings, rate cases, and new regulatory requirements. Provide testimony in Commission proceedings. Create numerical models and develop comments through gathering supportive facts to respond to information requests during regulatory litigation.
- Develop and negotiate gas supply sales agreements associated with electric trading transactions. Develop and implement gas supply trading strategies to maximize profitability and minimize fuel cost.
- Contribute to the development of regulatory and XE policy on gas procurement and recovery of related costs. Participate in the development and implementation of new policy initiatives, such as XE's low emission gas goals.
- Monitor and track the accounting operations and contract administration functions for purchased gas supply. Maintain accurate documentation of commodity transactions for regulatory agencies. Develop and maintain communications with XE's qualified suppliers. Ensure XE maintains a highly visible presence in the gas acquisition and trading industry in North America.
Minimum Requirements- Bachelor's degree or equivalent relevant experience, including a minimum of 3 years of natural gas industry experience is required.
- Understanding of gas markets, the interstate pipeline networks, gas transportation & storage contracts, FERC regulations, and negotiation strategies is required.
- Must be able to independently negotiate high dollar transactions.
- Previous experience in direct gas buying/trading including the use of financial hedging instruments or gas transportation-scheduler analyst.
- Hours will be 6am-3pm including holiday and weekend rotational coverage.
Preferred RequirementsNon-Bargaining
The anticipated starting base pay for this position is: $97,600.00 to $138,600.00 per year
This position is eligible for the following benefits: Annual Incentive Program, Medical/Pharmacy Plan, Dental, Vision, Life Insurance, Dependent Care Reimbursement Account, Health Care Reimbursement Account, Health Savings Account (HSA) (if enrolled in eligible health plan), Limited-Purpose FSA (if enrolled in eligible health plan and HSA), Transportation Reimbursement Account, Short-term disability (STD), Long-term disability (LTD), Employee Assistance Program (EAP), Fitness Center Reimbursement (if enrolled in eligible health plan), Tuition reimbursement, Transit programs, Employee recognition program, Pension, 401(k) plan, Paid time off (PTO), Holidays, Volunteer Paid Time Off (VPTO), Parental Leave
Benefit plans are subject to change and Xcel Energy has the right to end, suspend, or amend any of its plans, at any time, in whole or in part.
In any materials you submit, you may redact or remove age-identifying information including but not limited to dates of school attendance and graduation. You will not be penalized for redacting or removing this information.
Deadline to Apply: 08/05/26
All Xcel Energy employees and contractors share responsibility for protecting the company's information and systems by adhering to cybersecurity policies, standards, and best practices, recognizing that cybersecurity is everyone's responsibility.
ACCESSIBILITY STATEMENTXcel Energy endeavors to make https://www.xcelenergy.com/ accessible to any and all users. If you would like to contact us regarding the accessibility of our website or need assistance completing the application process, please contact Xcel Energy Talent Acquisition at
[email protected]. This contact information is for accommodation requests only and cannot be used to inquire about the status of applications.
