Energy Originator

Puget Sound Energy is looking to grow our community with top talented individuals like you! With our rapidly growing, award winning energy efficiency programs, our pathway to an exciting and innovative future is now.

PSE's Resource Acquisition team is looking for qualified candidates to fill an open Energy Originator position!

Specific details regarding the work arrangements for this position will be discussed in further detail during the interview process.

Job Description

The Commercial Acquisition Manager is responsible for leading and coordinating all commercial functions. Examples include negotiations, project oversight, cross-functional team management, and all management approval in the acquisition, divestiture, and restructuring of energy resources, as well as real estate and distribution assets. This role develops and implements acquisition/divestiture strategies, evaluates potential transactions, and shepherds the transaction through commercial negotiations and closing. Additionally, this role further represents all of Puget Sound Energy's interests in commercial development agreements with outside parties.

The Commercial Acquisition Manager upholds the safety compliance standards inherent in PSE's operating and/or field procedures related to work responsibilities, as well as promotes and supports a culture of total safety.

The person in this role demonstrates a commitment to conduct business honestly, ethically, and consistent with our core values and Code of Conduct. Additionally, the individual in this role ensures duties are performed in accordance with all regulatory compliance obligations.

Job Responsibilities

- Leads the resource acquisition RFP (request for proposal) process and due duligence reviews of potential transactions including financial feasibility analyses, engineering review, operations review, environmental review, legal review, and real estate review.

- Oversees and leads negotiations of business deals critical to PSE's corporate growth strategy, including acquisitions and development projects, purchase and sales agreements, O&M agreements, real estate agreements, interconnection agreements, and service agreements.

- Ensures that all conditions are met related to deal closing and that transactions are successfully closed.

- Supports regulatory affairs in demonstrating prudence of transactions as needed, including preparing and providing testimony in WUTC rate cases.

- Manages external vendors setting scope, providing direction and approving work.

- Performs other duties as assigned.

Minimum Qualifications

- Bachelor's degree in engineering, finance, economics, business administration, or equivalent combination of education and/or work experience; plus 7 years of relevant work experience.

- Five (5) years of increasing responsibility in the utility, oil, gas, or independent power sector and experience in project development or commercial acquisitions.

- Strong business and financial analytical skills with capability to analyze a wide array of business challenges.

- Demonstrated experience and ability to lead and influence cross-functional teams and stakeholders.

- Excellent verbal and written communication skills, including ability to contemporaneously document evaluation, due dilligence, and negotiation initiatives for later prudence purposes.

- Ability to understand complex financial pro-formas and provide direction to analytical staff.

Desired Qualifications

- MBA or relaed post graduate degree.

- Experience developing utility-scale power projects, in particular, renewable energy and storage projects.

- Experience negotiating power purchase agreements and asset acquisitions.

- Experience working in the energy markets of the Pacific Northwest and WECC region, and familiarity with the Washington State regulatory environment for electricity.

- Utility scale asset management or asset evaluation experience.

Additional Information

At PSE we value and respect our employees and provide them opportunities to excel. We offer a competitive compensation and rewards package.

The pay range for this position is $120,400.00 - $200,400.00, and this position is eligible for annual goals based incentive bonuses.

PSE offers a suite of benefits to our employees. Employees are eligible for medical, dental, vision, basic life, and short- and long-term disability insurance. There are additional voluntary options of supplemental life insurance, accidental death and dismemberment insurance, flexible spending accounts for health care and dependent daycare, and an Employee assistance program (EAP). For long term savings, PSE offers a 401(k) investment option and a cash balance retirement plan. Employees will also receive Paid Time Off (PTO) and Paid Holidays throughout the calendar year. Detailed benefit overviews can be found on our Career page - Why Work For Us (pse.com).

Families and businesses depend on PSE to provide the energy they need to pursue their dreams. Our steadfast commitment to serving Washington communities with safe, dependable and efficient energy started in 1873. Today we're building the Northwest's energy future through efforts like our award winning energy efficiency programs and our leadership in renewable energy.

Puget Sound Energy is committed to providing equal employment opportunity to all qualified applicants. We do not discriminate on the basis of race, color, religion, sex, national origin, age, sexual orientation, gender identity, marital status, veteran status or presence of a disability that with or without reasonable accommodation does not prevent performance of the essential functions of the job, or any other category prohibited by local, state or federal law.

Should you have a disability that requires assistance and/or reasonable accommodation with the job application process, please contact the Human Resources Staffing department at jobs@pse.com or 425-462-3017.