Resource Planning Analyst I or II

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.

The below job summary and responsibilities reflect the duties of the Resource Planning Analyst II, Resource Planning Analyst I will differ as less skills and/or experience will be required. The successful candidate will be placed at a level that is commensurate with the candidate's skills and experience.

Develop, run, and maintain long range resource planning models for Xcel Energy's three operating companies. Prepare quantitative analysis of 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.

• Develop/run/maintain long range resource planning model. Ensure accuracy of model input assumptions and verify that simulations and optimizations are functioning correctly.
• 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).

• 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.

• Bachelor's degree in engineering, finance, economics, operations research, mathematics, business.
• Five or more years related work experience.

• Graduate work in finance, economics, operations research or decision analysis.

As a leading 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

Non-Bargaining. The anticipated starting base pay for this…