other
Posted YesterdayGas Buyer Trader
at Xcel Energy
Denver, United StatesOn-site
Responsibilities
- Execute multi-million-dollar transactions in the natural gas commodity market, including use of financial derivatives and physical supply agreements.
- 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
- 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.
- 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.
- 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
- 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.
- experience in direct gas buying/trading including the use of financial hedging instruments or gas transportation-scheduler analyst.
Benefits
- Non-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
Contact
- Individuals with a disability who need an accommodation to apply please contact us at recruiting@xcelenergy.com .
- ACCESSIBILITY STATEMENT Xcel 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 recruiting@xcelenergy.com.
Additional details
- Are you looking for an exciting job where you can put your skills and talents to work at a company you can feel proud to be a part of? Do you want a workplace that will challenge you and offer you opportunities to learn and grow? A position at Xcel Energy could be just what you’re looking for.
- Position Summary Responsible for the buying/selling of natural gas supply for the regulated assets of Xcel Energy.
- 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.
- 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.
- Must be able to independently negotiate high dollar transactions. Previous
- Hours will be 6am-3pm including holiday and weekend rotational coverage. Preferred