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Resource Planning Analyst I - Denver, CO

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

Develop, run, and maintain long range resource planning models for Xcel Energy's three operating companies. Prepare quantitative analysis new generation resources, identifying system cost, environmental, and capital budget impacts for various generation alternatives. Provide long range estimates of power generation costs and market purchases. Calculate revenue requirement streams for large capital investments. Apply stochastic analysis techniques to quantify the risk associated with particular generation alternatives.

Essential Responsibilities

  • Develop/run/maintain long range resource planning model. Ensure accuracy of model input assumptions and verify that simulations and optimizations are functioning correctly. Will be performing capacity expansion and production cost modeling through Encompass Power Planning software.
  • Produce comprehensive quantitative analysis for executives and regulatory filings. Analysis includes energy production, emission, and capital budget forecasts.
  • Implement stochastic (Monte Carlo) simulations around areas of significant uncertainty to identify total system costs variance around various generation alternatives.
  • Interface and work with Forecasting, Risk Management, Trading, Gas Supply, Coal Supply, Transmission Operations and other Xcel groups to incorporate short-term and long-range considerations into the optimal resource plans, including transmission constraints, growth forecasts, fuel and electricity market price risks, etc.
  • In conjunction with Risk Management, ensure that the expansion plan and production cost modeling of the utility power systems is accurate and current in terms of fuel costs, production capability (heat rates, capacity, starting and variable operating cost, etc.), contract terms (scheduling flexibility, constraints, availability, etc.).
  • Research new techniques in quantitative optimization for application to resource planning analysis.
  • Maintain working knowledge of emerging generation technology with the potential for future inclusion in the company's generation portfolio.
  • Follow developments in major federal and state policies that affect the company's resource plan (i.e. emission regulations and renewable energy standards).


Minimum Requirements

  • Bachelor's degree in engineering, finance, economics, operations research, mathematics, business (two years professional experience related experience equivalent to one year of college).
  • Two years of energy industry experience or equivalent experience working with large optimization / forecasting models.

Preferred

  • Graduate work in finance, economics, operations research or decision analysis preferred.
  • Experience with capacity expansion and production cost modeling. Software such as: Encompass Power Planning software

As a leading combination electricity and natural gas energy company, Xcel Energy offers a comprehensive portfolio of energy-related products and services to 3.4 million electricity and 1.9 million natural gas customers across eight Western and Midwestern states. At Xcel Energy, we strive to be the preferred and trusted provider of the energy our customers need. If you’re ready to be a part of something big, we invite you to join our team.

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

Individuals with a disability who need an accommodation to apply please contact us at recruiting@xcelenergy.com.

Non-Bargaining

The anticipated starting base pay for this position is: $82,800.00 to $117,600.00 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 reimbursement, Transit programs, Employee recognition program, Pension, 401(k) plan, Paid time off (PTO), Holidays, Volunteer Paid Time Off (VPTO), Parental Leave

Benefit plans are subject to change and Xcel Energy has the right to end, suspend, or amend any of its plans, at any time, in whole or in part.

In any materials you submit, you may redact or remove age-identifying information including but not limited to dates of school attendance and graduation.  You will not be penalized for redacting or removing this information.

Deadline to Apply: 04/15/25

EEO is the LawEEO is the Law Supplement | Pay Transparency Nondiscrimination | Equal Opportunity Policy (PDF) | Employee Rights (PDF)

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. This contact information is for accommodation requests only and cannot be used to inquire about the status of applications.

Average salary estimate

$100200 / YEARLY (est.)
min
max
$82800K
$117600K

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What You Should Know About Resource Planning Analyst I - Denver, CO, Xcel Energy

Are you ready to take your career to the next level as a Resource Planning Analyst I at Xcel Energy in sunny Denver, CO? If you're looking for a position that offers real opportunities for learning and growth, this could be your perfect match! In this role, you'll dive into developing and maintaining long-range resource planning models for not just one, but three operating companies under Xcel Energy. Expect to engage in quantitative analysis of new generation resources that includes assessing system costs and environmental impacts. Your insights will help estimate power generation costs and determine the revenue requirements for sizable capital investments. You'll also be applying cutting-edge stochastic analysis techniques to identify risks associated with various generation alternatives. Collaboration is key in this position, so you'll work closely with various teams across Xcel Energy, ensuring that your resource plans reflect both short-term and long-range considerations. Plus, stay ahead of the curve by researching and applying new optimization techniques and keeping a pulse on emerging technologies in generation. So, if you’re analytical, detail-oriented, and ready for an invigorating challenge, Xcel Energy is looking for someone like you! Join us in being a trusted provider of energy solutions for millions of customers across the Midwest and Western US. Let’s power the future together!

Frequently Asked Questions (FAQs) for Resource Planning Analyst I - Denver, CO Role at Xcel Energy
What are the primary responsibilities of the Resource Planning Analyst I at Xcel Energy?

The Resource Planning Analyst I at Xcel Energy is responsible for developing, running, and maintaining long-range resource planning models for the company's operating units. This includes preparing quantitative analyses of new generation resources while identifying various costs and impacts of generation alternatives. The analyst will also interface with multiple teams, like Forecasting and Trading, to ensure accuracy in capacity expansion and production cost modeling, making this role critical to optimizing resource plans.

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What qualifications are required to become a Resource Planning Analyst I at Xcel Energy?

To qualify for the Resource Planning Analyst I position at Xcel Energy, you should have a Bachelor’s degree in engineering, finance, economics, operations research, or a related field. Additionally, two years of related experience in the energy industry or equivalent experience with optimizations and forecasting models is essential. Having graduate-level coursework in finance, economics, or decision analysis may set you apart from other candidates.

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What software tools will I use as a Resource Planning Analyst I at Xcel Energy?

As a Resource Planning Analyst I at Xcel Energy, you will primarily use Encompass Power Planning software to perform capacity expansion and production cost modeling. Familiarity with quantitative analysis and the ability to implement stochastic simulations will also be important in your daily tasks as you analyze various generation alternatives.

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How does the Resource Planning Analyst I role contribute to Xcel Energy's mission?

The Resource Planning Analyst I plays a vital role in achieving Xcel Energy's mission by developing efficient resource plans that ensure reliable and sustainable power supply for its customers. By conducting thorough analyses that account for environmental impacts and cost variances, the analyst contributes to strategic decision-making that aligns with federal and state regulations.

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What opportunities for professional development are available for a Resource Planning Analyst I at Xcel Energy?

Xcel Energy is committed to employee growth, offering opportunities for professional development that may include workshops, tuition reimbursement, and access to various training programs. As a Resource Planning Analyst I, you will have the chance to attend seminars on emerging generation technologies and best practices in resource planning, ensuring you remain competitive and knowledgeable in the energy sector.

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Common Interview Questions for Resource Planning Analyst I - Denver, CO
Can you explain the importance of stochastic analysis in resource planning?

Stochastic analysis is crucial in resource planning as it allows analysts to quantify risks related to uncertainty in generation alternatives. It enables you to simulate various scenarios and understand the potential variability in costs, which helps in making informed decisions about resource allocation and strategy.

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How do you ensure accuracy in your resource planning models?

Ensuring accuracy in resource planning models involves a thorough validation of input assumptions and ongoing monitoring of model performance. Engaging with cross-functional teams to verify data and assumptions also plays a key part in maintaining model integrity.

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Describe how you would approach producing a quantitative analysis for a new generation resource.

When producing a quantitative analysis for a new generation resource, I would start by conducting a thorough cost-benefit analysis that includes assessing system costs, environmental impacts, and market conditions. I would use historical data and current market trends to forecast energy production and budget forecasts.

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What techniques do you use to stay updated on regulations that affect resource planning?

To stay abreast of relevant regulations, I follow industry news and subscribe to publications that report on changes in federal and state policies. I also actively participate in industry conferences and discussions which provide insights into upcoming legislation affecting resource planning.

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What is your experience with capacity expansion modeling?

I have hands-on experience with capacity expansion modeling, where I utilized software tools, such as Encompass Power Planning, to analyze potential capacity increases. This involved developing projections based on market forecasts and evaluating the feasibility of various generation technologies.

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How would you collaborate with other teams in the resource planning process at Xcel Energy?

Collaboration is essential in resource planning. I would ensure open lines of communication with teams such as Risk Management and Trading, integrating their insights into the analysis. Regular meetings to discuss assumptions and outcomes allow for a comprehensive approach to resource planning.

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Why do you think emerging generation technologies are important for resource planning?

Emerging generation technologies are crucial for resource planning as they offer potential efficiencies and align with sustainability goals. Being knowledgeable about these technologies enables analysts to make data-informed decisions for future resource allocations that meet regulatory standards and customer needs.

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Can you describe a challenge you faced in a previous analysis and how you overcame it?

In a previous analysis, I encountered discrepancies in data sets. To tackle this, I cross-verified data with multiple sources and reached out to relevant teams for clarification. This not only resolved the issue but also strengthened interdepartmental relations.

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What role does communication play in your work as a Resource Planning Analyst?

Communication is vital in the role of a Resource Planning Analyst. Clear articulation of analyses and findings to stakeholders ensures that everyone is aligned, and informed decision-making can take place. It also fosters teamwork and encourages collaboration across departments.

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What do you believe sets Xcel Energy apart from other companies in the energy sector?

Xcel Energy stands out due to its commitment to sustainable practices and innovation in energy solutions. They prioritize customer satisfaction and environmental responsibility, making it an attractive workplace for individuals passionate about making a positive impact in the energy industry.

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Diversity of Opinions
Work/Life Harmony
Transparent & Candid
Growth & Learning
Fast-Paced
Collaboration over Competition
Take Risks
Friends Outside of Work
Passion for Exploration
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We believe that a diverse workforce makes us strong, and we offer a dynamic workplace where employees are challenged, respected and rewarded for their performance. Our values of inclusion run deep. The Human Rights Campaign has recognized Xcel En...

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DATE POSTED
April 2, 2025

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