Principal Energy Supply 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 Energy Supply Merchant team is looking for qualified candidates to fill an open Principal Energy Supply Originator position!

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

Job Description

Puget Sound Energy (PSE) is looking for a Principal Energy Supply Originator to be part of PSE's transformative mission. As we navigate toward a sustainable energy future, we're committed to achieving two crucial milestones: carbon-neutral power generation by 2030 and full transition to renewable and non-emitting energy sources by 2045. Our challenge is to meet these ambitious environmental targets while ensuring our customers continue to receive dependable power service.

In this role, you are expected to uphold the safety compliance standards inherent in PSE’s operating and/or field procedures related to work responsibilities. In addition, you will promote and support a culture of total safety, demonstrate commitment to conduct business honestly, ethically and consistent with our core values and Code of Conduct, and ensure duties are performed in accordance with all regulatory compliance obligations.

Job Responsibilities

- Develops, recommends and executes strategies to procure firm energy and capacity, driving commercial initiatives while meeting all compliance and reliability requirements inherent to a FERC jurisdictional gas and electric utility.

- Works within the Origination team and coordinates PSE's mid-term RFP process.

- Structures and negotiates intricate agreements with counterparties.

- Optimizes existing assets, creates customer-focused energy solutions, and drives shareholder value while advancing our sustainability mission.

- Evaluates and assesses pricing of structured proposals submitted by third parties.

- Possesses expertise in regional energy markets and related programs and understands how they affect contractual commitments.

- Demonstrates exceptional presentation abilities and PowerPoint expertise, with proven experience delivering polished presentations to senior leadership.

- Demonstrates general understanding of PSE's carbon compliance requirements in both Washington and California regulatory frameworks.

- Coordinates energy delivery and supply efforts with Energy Supply, Risk Management, Load Office, and Gas Control.

- Functions as a subject matter expert and is intimately familiar with all of the details surrounding the assets and contracts in the portfolio.

- Performs complex analysis on an ad hoc basis to support management in strategic portfolio decisions.

- Drafts rate cast testimony and responds to data requests as necessary to support rate case requirements and outside stakeholder data requests.

- Provides operational guidance with respect to state and federal regulatory impacts to Trade Floor operations and helps coordinate compliance with all applicable FERC orders, NERC, WECC, and other applicable reliability standards, and transmission tariffs and business practices.

- Leads, mentors and assists in the development of Power and Gas Supply Operations staff.

- Analyzes PSE’s commodity positions and makes recommendations on optimizing the value of PSE’s assets.

- Collaborates with long-term resource and planning groups inside PSE to review asset acquisitions.

- Works with credit and contracts departments to establish new trading partnerships and opportunities.

- Keeps abreast of current industry market trends and developments and updates management of any relevant changes.

Minimum Qualifications

- Bachelor’s degree with a technical or commercial focus from an accredited college or university, or equivalent experience.

- 8 years experience in energy trading, derivatives, marketing or bulk electric and gas system management.

- Proven record of accomplishment in power and/or natural gas trading including experience with gas storage optimization, physical/financial gas trading fundamentals, physical/financial power trading dynamics including power generation characteristics of hydro, coal, wind and gas fired generation.

- Advance knowledge of financial and accounting principals and working knowledge of WSPP, ISDA, GISB and NAESB agreements.

- Strong written and verbal communication skills, and an ability to interact at all levels of the corporation.

- Experience in west-coast energy markets, and specific knowledge of Pacific Northwest regional issues.

Desired Qualifications

- Self-starter with the ability to work effectively without direct supervision in a fast paced, multi-tasking team environment.

- Experience with complex contract negotiations.

- Strong problem solving, analytical and conflict resolution skills.

- Able to effectively present analysis in a public forum.

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 $138,500.00 - $230,500.00, 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.