Rates & Regulatory Specialist - Rhode Island Energy

Company Summary Statement :Rhode Island Energy provides essential energy services to over 770,000 customers across Rhode Island through the delivery of electricity or natural gas. Our team is dedicated to helping Rhode Island customers and communities thrive while supporting the transition to a cleaner energy future. Rhode Island Energy is part of the PPL Corporation (NYSE: PPL) family of companies addressing energy challenges head-on by building smarter, more resilient, and more dynamic power grids and advancing sustainable energy solutions. PPL is a positive force in the cities and towns where we do business, providing support for programs and organizations that empower the success of future generations by helping to build and maintain strong, diverse communities today.Overview:

The rates and Regulatory Specialist is responsible for leading distribution and transmission rate filings and various other rate rider flings, developing and providing cost-of service related information, and rate design. Overall, this position is responsible for the development of solutions for complex business process and technical problems, identifying and implementing solutions and/or strategies that will help the business achieve its short-term and long-term objectives, analyzing business activities and comparing against trends and best practices. This is a key contributor in a complex environment who may lead functional teams or projects and is recognized as an expert in their function within the organization.

Responsibilities:

Rates & Regulatory Professional

• Responsible for supporting recovery of revenue through development and preparation of electric and/or gas cost recovery mechanisms, including addressing pricing and/or revenue requirements of new and existing programs and mechanisms, and working with others to develop strategies. 
• Prepare complex financial forecasting models using advanced modeling techniques.
• Performs most advanced or specialized work requiring comprehensive knowledge of accounting, financial, and ratemaking theory and principles.
• Prepare and maintain rate related information for budget preparation, budget forecasts ad budget variance analysis purposes and conduct ongoing analyses and research of other ratemaking proceedings before state utility commissions, other agencies, and FERC.
• Solve complex problems and takes a broad perspective to innovative solutions.  Demonstrate a strong knowledge of “end-to-end” processes.
• Develop/maintain knowledge of current and future trends in legislation and regulation governing the utility industry.
• Identify and implement solutions and/or strategies that will help the business better achieve its short-term and long-term objectives, analyze business activities, and compare against trends and best practices.

Rates & Regulatory Specialist

• Responsible for supporting recovery of revenue through development and preparation of electric and/or gas cost recovery mechanisms, including addressing pricing and/or revenue requirements of new and existing programs and mechanisms, and working with others to develop strategies.
• Prepare complex financial forecasting models using advanced modeling techniques.
• Performs most advanced or specialized work requiring comprehensive knowledge of accounting, financial, and ratemaking theory and principles.
• Develop and provide rate related information for budget preparation, budget reforecasts and budget variance analysis purposes and conduct ongoing analyses and research of other ratemaking proceedings before the statue utility commissions, other agencies, and FERC.
• Coordinate and review or develop and provide specialized schedules and analysis, and testimony (written and verbal), data requests, and other ad hoc analysis for rate proceedings and programs to ensure compliance. 
• Solve complex problems and takes a broad perspective to innovative solutions.  Demonstrate a strong knowledge of “end-to-end” processes.
• Develop/maintain knowledge of current and future trends in legislation and regulation governing the utility industry.
• Identify and implement solutions and/or strategies that will help the business better achieve its short-term and long-term objectives, analyze business activities, and compare against trends and best practices.
•  May lead functional teams or projects to achieve milestones and objectives.
• Works independently with guidance on only the most complex tasks

Qualifications:

Basic Qualifications 

 

Rates & Regulatory Professional

• BA or BS degree in Finance, Accounting, or other business discipline.
• At least 3 years of regulatory, financial, accounting, or business planning (or a combination of) experience.
• Demonstrated proficiency in financial modeling and understanding of financial statements, analysis, research, and problem solving skills.
• Ability to work well with individuals on all levels of the organization and external parties including regulators, attorneys, consumer advocacy groups, industry groups, and other special interest groups.
• Demonstrated ability to build consensus, establish trust, communicate effectively and foster culture change.
• Requires proficiency in oral and written communication skills, as demonstrated by the communication of complex technical issues verbally and in writing.

Rates & Regulatory Specialist:

• BA or BS degree in Finance, Accounting, or other business discipline.
• At least 5 years of regulatory, financial, accounting, or business planning (or a combination) experience.
• Demonstrated proficiency in financial modeling and understanding of financial statements, analysis, research, and problem solving skills.
• Ability to work well with individuals on all levels of the organization and external parties including regulators, attorneys, consumer advocacy groups, industry groups, and other special interest groups.
• Demonstrated ability to build consensus, establish trust, communicate effectively and foster culture change.
• Requires proficiency in oral and written communication skills, as demonstrated by the communication of complex technical issues verbally and in writing.

 

Preferred Qualifications 

 

Rates & Regulatory Professional

• 5 years or more of regulatory, financial, accounting or business planning (or a combination of) experience.
• Knowledge of utility finance, accounting and reporting requirements; process improvement techniques, budgeting and report writing.
• Ability to tell a story from analysis to be able to identify/solve business opportunities.

Rates & Regulatory Specialist

• Master’s Degree in business discipline.
• Knowledge of utility finance, accounting and reporting requirements; process improvement techniques, budgeting and report writing.
• Ability to tell a story from analysis to be able to identify/solve business opportunities.
• Experience with rate case preparation and analysis.