Origination & Portfolio Design Manager

Full-time
San Diego Gas & Electric
Description

At SDG&E, we are committed to the community we call home, delivering clean, safe and reliable energy to better the lives of the people we serve in San Diego and southern Orange counties. Our commitment means 40% of the energy that SDG&E delivers to customers comes from renewable sources, exceeding California’s Renewable Portfolio Standard. We are modernizing natural gas pipelines; accelerating the adoption of electric vehicles; supporting numerous non-profit partners; and, investing in innovative technologies to ensure safe and reliable operation of the region’s infrastructure for generations to come. Learn more about our commitment to delivering clean, safe and reliable energy HERE.

 

Our highly trained and responsive employees with their diverse skills, talents and ideas are the reason we can deliver on our commitment and are building America’s best energy company. They are also the reason why we have been recognized with the industry’s most coveted awards. Our employees undertake challenging work, and receive highly competitive compensation and benefits. As one of the region’s largest employers, we’re always searching for talented and bright people to join our team. After all, it takes the best to build the best. Learn more about benefits HERE.

 

Diversity and inclusion are core values of SDG&E. Empowering our employees to be their whole selves at work is our competitive advantage. This is where new ideas come from and meaningful collaboration gets an authentic start. By bringing together people with different perspectives, diverse backgrounds and real commitment to their own individuality, we have built a stronger business. Learn more about our commitment to diversity and inclusion HERE.

 

Primary Purpose:

Strategic contributor within Energy Supply that will help guide the Portfolio Optimization Strategy, including advocacy and policy. Lead the portfolio design of Electric & Fuel Procurement (E&FP), as SDG&E right-sizes portfolio, with market analytics that inform and guide the long-term strategy including daily optimization activities and forward-looking planning efforts.  Challenge the status quo, influence others and help lead the organization through change. Lead all competitive procurement of renewable energy and conventional resources beyond one year to fulfill SDG&E’s energy and resource capacity needs, including Greenhouse Gas (GHG) and Renewables Portfolio Standard (RPS) requirements following Least Cost Best Fit (LCF) guidelines. Foster strategic execution and commercial acumen within the team.

 

Duties and Responsibilities:

  • Supports Portfolio Optimization efforts and guides right-sizing strategy informed by load departure and key regulatory proceedings. Understands compliance requirements and risk framework, performs detailed analysis of renewable portfolio standard (RPS) and resource adequacy (RA) portfolios and helps shape strategy to meet internal objectives. Provides Senior Management with timely and meaningful updates.
  • Manages Origination Analytics team providing guidance and oversight during all phases of Request for Offers (RFOs) and Request for Proposals (RFPs). Partners with Contract Origination, Legal, Regulatory, and other Cross functional teams as needed during the negotiation and execution of long-term transactions such as Power Purchase Agreements (PPAs), Tolls, Buy-Outs, Contract Novations and Assignments and renewable tax equity investments. Ensures that team provides accurate reports of analysis to the California Public Utilities Commission (CPUC) in Advice Letters and Applications and responds to additional data requests. Supports Program Partnerships team in assessing the economic and commercial implications of policy proposals and in preparing comments.
  • Leads the marketing analytics team and focuses on developing dynamic dashboards that provide management with actionable information. Focuses on informing and guiding advocacy efforts, procurement mandates, portfolio management and optimization efforts.
  • Works collaboratively with key E&FP areas such as Market Policy, Energy Supply & Dispatch and Resource Planning & E&FP Policy to understand the trends and issues of the evolving procurement landscape. Understands the challenges of the procurement landscape in California and more broadly in the Western Electricity Coordinating Council (WECC) area. Supports E&FP advocacy efforts in the policy arena with key audiences (e.g., CPUC, Federal Energy Regulatory Commission (FERC), California Independent System Operator (CAISO), California Energy Commission (CEC), Legislature).
  • Partners with key SDG&E internal teams (e.g., transmission planning, strategic planning, regulatory, regional public affairs) and external audiences (e.g., CPUC Energy Division analysts and trade associations).
  • Maintains in-depth understanding of regulatory decisions that govern procurement strategy, project evaluation and RFO requirements.
  • Prepares various presentation materials to groups such as the Procurement Review Group, Senior Management and Media and responds to data requests. Works on special projects as assigned.
  • Performs other duties as assigned (no more than 5% of duties).

Required Qualifications: 

  • Bachelor’s Degree in business, economics, electrical engineering, related field, or equivalent training and/or experience.
  • Master’s Degree Business Administration (or other relevant graduate program) or equivalent work experience).
  • 8 years – Related work experience.
  • Chartered Financial Analyst (CFA) or equivalent work experience.
  • Work experience with long-term transactions and optimization efforts such as Power Purchase Agreements, Tolls, Buy-Outs, Blend and Extend.

Preferred Qualifications: 

  • Experience in gas power trading/origination organizations, or investment transaction-oriented teams, preferably in California or the Western Electricity Coordinating Council (WECC).
  • Understanding of power and gas markets issues and trends.
  • Ability to interface with multiple stakeholders, including senior management.
  • Ability to present complex ideas in a simple and understandable manner.
  • Must be able to manage multiple projects simultaneously and meet multiple deadlines.
  • Ability to both direct and conduct work.
  • Ability to work in a high-paced and multi-tasking environment.
  • Critical and strategic thinker.
  • Understanding of the CPUC regulatory process for Investor-Owned Utilities (IOUs) is a plus but not required.
  • Current understanding of trends in commodity markets and the electric industry.

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, citizenship, disability or protected veteran status.

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