The below job summary and responsibilities reflect the duties of the Resource Planning Analyst I, Resource Planning Analyst II and Senior will differ as more skills and/or experience will be required. The successful candidate will be placed at a level that is commensurate with the candidate's skills and experience.Position SummaryDevelop, run, and maintain long range resource planning models for Xcel Energy's three operating companies. Prepare quantitative analysis new generation resources, identifying system cost, environmental, and capital budget impacts for various generation alternatives. Provide long range estimates of power generation costs and market purchases. Calculate revenue requirement streams for large capital investments. Apply stochastic analysis techniques to quantify the risk associated with particular generation alternatives.
Essential Responsibilities- Develop/run/maintain long range resource planning model. Ensure accuracy of model input assumptions and verify that simulations and optimizations are functioning correctly.
- Produce comprehensive quantitative analysis for executives and regulatory filings. Analysis includes energy production, emission, and capital budget forecasts.
- Implement stochastic (Monte Carlo) simulations around areas of significant uncertainty to identify total system costs variance around various generation alternatives.
- Interface and work with Forecasting, Risk Management, Trading, Gas Supply, Coal Supply, Transmission Operations and other Xcel groups to incorporate short-term and long-range considerations into the optimal resource plans, including transmission constraints, growth forecasts, fuel and electricity market price risks, etc.
- In conjunction with Risk Management, ensure that the expansion plan and production cost modeling of the utility power systems is accurate and current in terms of fuel costs, production capability (heat rates, capacity, starting and variable operating cost, etc.), contract terms (scheduling flexibility, constraints, availability, etc.).
- Research new techniques in quantitative optimization for application to resource planning analysis.
- Maintain working knowledge of emerging generation technology with the potential for future inclusion in the company's generation portfolio.
- Follow developments in major federal and state policies that affect the company's resource plan (i.e. emission regulations and renewable energy standards.
Minimum Requirements - Analyst I ($84,900 - $120,566)- Bachelor's degree in engineering, finance, economics, operations research, mathematics, business (two years professional experience related experience equivalent to one year of college).
- Two years of energy industry experience or equivalent experience working with large optimization / forecasting models.
Minimum Requirements - Analyst II ($97,600 - $138,600)- Bachelors degree in engineering, finance, economics, operations research, mathematics, business.
- Five or more years related work experience.
Minimum Requirements - Senior Analyst ($112,200 - $159,400)- Bachelor's degree in engineering, mathematics, economics or quantitative analysis.
- At least eight years utility experience in work functions such as plant engineering or operations, forecasting, rates, load research, or similar function that provides candidate with understanding of generation planning and system modeling techniques.
- At least three years modeling experience with expansion or production simulation models.
- Extensive system knowledge of at least one of the larger Xcel Energy utilities.
Preferred Requirements- Graduate work in finance, economics, operations research or decision analysis.
- Experience running capacity expansion modeling in EnCompass, PLEXOS, Aurora, EGEAS, or equivalent.
The anticipated starting base pay for this position is: $84,900.00 to $159,400.00 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: 09/17/26
