Anywhere JOB FUNCTIONS AND KEY RESPONSIBILITIES:
- Manage contracts with Retail Electric Providers, including maintaining current relationships and negotiating new contracts
- Responsible for ensuring accurate electricity billing, including ancillary service program participation, pricing, usage, ancillary charges, etc.
- Manage Demand Response and 4CP programs, including economic modeling for impacts across the business
- Prepare plans for potential weather events, power disruptions and/or price spike events and respond in real time as events unfold
- Manage power hedging program, including hedge execution and tracking along with ideas for shaping the strategy going forward
- Maintain forward curves, including all market-based cost components reflected in retail billing
- Work with all business units to forecast all-in power costs and provide guidance to help with contract structuring, as needed
- Evaluate and negotiate long term Power Purchase Agreements (PPAs) & hedge structures
- Manage existing PPAs, including strategy for RECs received
- The right candidate will have a working knowledge of at least ERCOT and SPP markets and be a key resource for commercial groups and executives as Targa manages its power costs, including:
- Monitoring legislation, rate cases and rulemaking for all areas where Targa purchases electricity (e.g., ERCOT, PUC, Oncor, Xcel, Centerpoint, Texas Energy Fund, etc.); guide Targa strategy/responses, where appropriate
- For example, candidate would have flagged recent Xcel tariff amendment to incentivize solar facilities, would track rate cases and would have closely followed the TEF bill and rulemaking
- Analyzing the short/medium/long-term trends in various US power markets
- Providing input on project analysis and generating new ideas that could either save money or generate profits
- Analyze co-gen or distributed generation projects whether through a PUN or otherwise
- Guide thoughts on potential economic/reliability/ timing benefits of substation or distribution line ownership
- Provide quarterly executive updates on electricity markets, pricing, trends, etc.
- Build strong relationships with key internal stakeholders.
- Understand and be willing to explain market fundamentals and dynamics to a variety of audiences.
- Work with internal groups (including Sales, Legal, Risk, Costing, Structuring, Trading, and others) to manage all issues surrounding retail deals and help facilitate and close transactions.
- Other duties as assigned
MINIMUM ESSENTIAL QUALIFICATIONS:
- Bachelor’s degree in Finance or Accounting
- Minimum of 10+ years of experience working in electricity in ERCOT
- Developed project management skills
- Strong business acumen and keen interest in the energy industry
- Excellent written and verbal communication skills
- High level of professionalism, maturity, and attention to detail
- Self-starter with ability to handle multiple projects and meet strict deadlines
- Proficiency in Microsoft Excel, Word, and PowerPoint
EQUAL EMPLOYMENT OPPORTUNITY:
Targa Resources provides equal employment opportunities based on merit, experience, and other work-related criteria and without regard to race, color, ethnicity, religion, national origin, sex, age, pregnancy, disability, veteran status, or any other status protected by applicable law. We also strive to provide reasonable accommodation to employees’ beliefs and practices that do not conflict with Targa’s policies and applicable law. We value the unique contributions that every employee brings to their role with Targa.