Regulated Infrastructure Development is responsible for acquiring and developing new grid generation resources, including regulated renewables, natural gas generation and other emerging grid resource options such as energy storage.. The role includes working on RFP design, evaluation techniques and form contracts to attract and obtain the best resources for the regulated operating companies and its customers. Responsibilities include organizing due diligence on projects and support in negotiatio... more details
Job Posting End Date
06-29-2024
Please note the job posting will close on the day before the posting end date
Job Summary
Regulated Infrastructure Development is responsible for acquiring and developing new grid generation resources, including regulated renewables, natural gas generation and other emerging grid resource options such as energy storage.. The role includes working on RFP design, evaluation techniques and form contracts to attract and obtain the best resources for the regulated operating companies and its customers. Responsibilities include organizing due diligence on projects and support in negotiation of acquisition agreements, power purchase agreements and capacity agreements. Enhance company value through implementing processes, managing processes associated with multi-disciplinary groups (i.e. engineering, projects, regulatory, legal, accounting, tax, finance, commercial operations, innovation and technology) in meeting strategic requirements and goals. Drive execution of AEP’s regulated generation transformation plan.
Job Description
ORGANIZATION: Regulated Infrastructure Development - New Generation Development & Analysis
DEPARTMENT: Renewable Energy
Two (2) positions will be filled from this candidate pool.
ESSENTIAL JOB FUNCTIONS:
- Manage resources necessary to identify, solicit via request for proposals (RFP) and pursue generation asset investment opportunities including analysis, due diligence, screening and the direct negotiation / execution of definitive asset and power purchase agreements. An extremely important component of this work stream is the management of team members, including other Company-wide subject matter experts and 3rd Party consultants, in pursuit of successful transactions.
- Lead or support complex high value ($10 M - $500 M) contract negotiations associated with adding new generation resources. Duties also include responsibility for the negotiation of Power Purchase Agreements.
- Working within the outline of the IRP and ongoing management goals, develop and structure associated Request for Proposals (RFP).
- Manage the RFP process, including development of RFP content and format of the operating company’s RFP web page, managing the Q&A process, receipt of proposals, processing of proposals, distribution of proposal data to internal subject matter experts for due diligence, summarizing of proposal data, and implementation of quality control processes.
- Support the OPCO regulatory approval process for related generation transactions, including acting as a subject matter expert (SME) by providing written and/or oral testimony and participating in hearings, as required.
- Facilitate communication and issue resolution between AEP’s corporate departments, external parties and project operations managers.
- Participate in the development of each of the regulated operating company’s Integrated Resource Plans (IRP) by providing necessary information to support AEP’s regulated generation transformation goals and regulatory approval of same.
- Promote a cooperative working environment with an emphasis on safety, good utility practice, and innovation.
- Consult and provide input to key stakeholders regarding due diligence, analysis, strategic decisions and regulatory matters.
- Prepare and/or assist in the preparation of internal and external presentations
- Promote a cooperative working environment with an emphasis on safety, culture, good utility practice and innovation.
MINIMUM REQUIREMENTS:
Education: Bachelor’s degree in Business, Economics, Engineering, or a relevant field. Graduate degree is a plus.
Experience: Seven (7) years’ experience with an electric utility or energy marketing firm, with at least two (2) years of experience in a commercial role.
OTHER REQUIREMENTS
Knowledge and proficiency in Microsoft Office (Word, Excel, Outlook, Power Point); Strong organizational, time management, and writing skills; Inquisitive and problem solving nature coupled with the ability to clearly articulate impacts of risks; Ability to communicate in effective, concise, and persuasive ways; Ability to work professionally with customers, contractors, and development partners; Ability to travel as needed to engage in development opportunities.
INITIAL POSITION / BASE SALARY FUNDING: ($129,963 - $168,954). In addition to base salary, AEP offers competitive Total Rewards including: discretionary annual and long-term incentives, 401(k), pension, health insurance, vacation, etc.
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It is hereby reaffirmed that it is the policy of American Electric Power (AEP) to provide Equal Employment Opportunity in all aspects of the employer-employee relationship including recruiting, hiring, upgrading and promotion, conditions and privileges of employment, company sponsored training programs, educational assistance, social and recreational programs, compensation, benefits, transfers, discipline, layoffs and termination of employment to all employees and applicants without discrimination because of race, color, religion, sex, age, national origin, ethnicity, ancestry, veteran or military status, disability, genetic information, sexual orientation, gender identity, or any other basis prohibited by applicable law. When required by law, we must record certain information to be made part of an Affirmative Action Plan. Applicants for employment may also be invited to participate in the Affirmative Action Program by self-identifying their Race or Ethnic Identity.
